Assignment

On

Examples of three legal & Ethical issues in business in Bangladesh

Submitted To:

Dr. Tanvir A. Khan

Coordinator

MBA 515: Legal and Ethical Issues in Business

School of Business

Independent University, Bangladesh

Submitted By:

Name-Md.Ariful Haque

Id.No-1221568

Date of Submission: 23rd January, 2012

1)Examples of three legal issues in business in Bangladesh

Business

A business is a legal entity that operates in producing goods and services to consumers. It is a commercial activity for a livelihood and earning profits.

Or,

We can say that it refers to the selling and buying of goods and services, between the seller and the consumer.

Legal Issues

Legal Issues usually consists of checking for libelous or false statements before the copy goes to print. This is an especially important step to ensure that publishers don’t commit libel by printing inaccurate or falsified facts or statements about people or events.

Legal Issues in Business

There are a multitude of legal issues to think about when it comes to starting or running a business. Everything from the business name to its structure to its operation has legal implications.

There are lots of issues which will come and there are given below:

Organizational Bankruptcy

Business & Corporate

Computers & Technology

Labor & Employment

Administrative Law

Commercial Law

Communications Law

Constitutional Law

Contracts

Environmental Law

Intellectual Property

Legal

Tax Law

Insurance Law

Mediation & Arbitration

Securities

Examples of Legal Issues in Business in Bangladesh

Recovery of Banks Dues Issues  

Banks, as social organizations, have to go out to the people and assist weaker sections in achieving their aspiration. In their daily working activities, they have to face lots of legal issues among them “recovery of Banks dues” is one. The Artha Rin Adalat Ain, 2010 was enacted with a view to quick disposal of those cases which are pending for recovery of Bank’s money lying with the defaulter borrowers.

Trade mark, Design or Patent Issue s  

Companies with a huge reputation always faced a threat that some other person or persons is using the same name with a cunning change which is not identical at the first instance. Therefore, in the name of original reputed company, the vested quarter is making their revenue giving a serious loss to the original one. Thus necessity of intellectual property law practice is considered an integral part by a large sector of company. Most of the case the arise regarding Trade mark, Design or patent. So, it’s necessary that whatever the business make the company’s patent, trade mark or design be registered.

Foreign Investment Issues  

Laws in Bangladesh are a major impediment to foreign investment.  Governmental officials tend to be negative to non Bangladeshi people.  On top of that start up costs and risks tend to outlay investment incentives.  Customers and excise personnel are also trouble spots. A big issue is tariff schedules of non-pre-inspected goods, regardless of invoiced amounts.  The schedule changes every three months o so, and without advanced notice.  Changes even apply while goods are in transit.

By all the description, we can know about the legal issues & its examples in business in Bangladesh

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2)Examples of three ethical issues in business in Bangladesh

Business

A business is a legal entity that operates in producing goods and services to consumers. It is a commercial activity for a livelihood and earning profits.

Or,

We can say that it refers to the selling and buying of goods and services, between the seller and the consumer.

Ethical issue

A problem or situation that requires a person or organization to choose between alternatives that must be evaluated as right or wrong.

Ethical Issues In Business

Business ethics is critical during times of fundamental change -- times much like those faced now by businesses, both nonprofit and for-profit. There are two broad areas of business ethics and there are given below-

Managerial mischief Moral mazes

Examples of Ethical Issues in Business in Bangladesh

Quality of Drug Issues

Some importers use to bring medicines in the country which are not registered through unfair means either by not declaring or by carrying luggage. These sorts of medicines can be of substandard quality that might be insufficient to use as medicine but are sold within the boundary of the country at a cheaper price. As per market condition and affordability of most of the Population, these trafficked medicines are easily sold at relatively lower prices than the prices charged on the registered medicines. Consequently, sellers of the registered medicines are suffering for this kind of action. Moreover people’s lives are at risk if they purchase those drugs.

Corruption Issues  

Bangladesh is notorious for corruption. Petty corruption, such as paying fees for government services are the biggest complaints.  Insider trading is commonly sited too. We can see lots of corruption for getting orders or giving orders in business.. There is an anti corruption bureau, but it is not always seen as being free from political presses when determining whom corruption cases should be bought.

Forced Labor & Child Labor Issues

The constitution prohibits forced and child labor. There are inspection mechanisms to guard against forced and child labor, but resources for enforcement are scarce.  Regulations regarding minimum wages, hours of work and occupational safety and health are not strictly enforced.  Nevertheless, there is believed to be little use of forced labor, though conditions for some domestic servants resemble servitude, and some trafficked women and children work as prostitutes.

By all the description, we can know about the ethical issues & its examples in business in Bangladesh

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