What Is Law?

Law is a set of rules that are created and enforced through social or governmental institutions to regulate behavior. It is often viewed as a science and as the art of justice. Law shapes politics, economics, history and society in many ways and serves as a mediator between people. It may be made by a collective legislature resulting in statutes, by an executive through decrees and regulations or established through judicial precedent (a common law jurisdiction). In some cases, religious laws have played a major role, such as Islamic Shari’ah.

The field of law can be divided into a number of areas, including employment, property and finance. Employment law covers issues relating to workers, such as their rights to fair treatment and equal pay. Property law includes the right to own land and other property such as vehicles and stocks. Finance law includes regulations governing value added tax, corporate taxes and other types of taxes. Space law is a relatively new area of law, covering aspects of human activities in Earth orbit and outer space.

Research insights from the law firms

A research insight is a short piece of content that explains an aspect of the legal landscape with some background and implications for businesses or individuals. These pieces can take the form of an article or a blog post and typically aim to provide clarity on complex legal issues. They also help businesses and individuals prepare for potential future changes to the law.

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