Contempt of court is a familiar term in legal parlance and is actually used to classify quite a wide-ranging series and varieties of offences by any person or persons against the authority of the courts, the judicial system and the rule of law at large. The power of contempt of court actually implies the power of the courts to punish such offences which challenge the authority of the courts to a greater or lesser degree.Full article "Contempt of Court - an overview"
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People and society by
Hari
Posted on Sun, Jun 27, 2010 at 11:01 IST (last updated: Sun, Jun 27, 2010 @ 11:01 IST)
Finally launched LawStudentsCommunity.com
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Site management by
Hari
Posted on Mon, Jun 21, 2010 at 18:19 IST (last updated: Mon, Jun 21, 2010 @ 18:25 IST)
Have fewer haircuts to beat inflation, says Ph.D. student
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Humour and Nonsense by
Hari
Posted on Sat, Jun 19, 2010 at 09:17 IST (last updated: Sat, Jun 19, 2010 @ 11:04 IST)
Coming up with a novel solution to the rising inflation problem, an economic expert has suggested that people stop visiting the local barber frequently and cut down the cost of getting a haircut. According to his current theory, he has advised people to visit the local barber once every three months instead of two in order to reduce their household expenses.
Professor P.K.S.R.T. Rao of the Economics department in an prominent engineering college currently pursuing his Ph.D. on "Good Grooming and its effects on Macro Economic Policy" has come up with this stunning revelation that is sure to raise the hackles of local barbers, hairdressers and salon owners.
"See, going for thees haircut ees costly, no?" he said to curious students who mobbed him in his office, "So without two month, you go for every three months of haircut, OK? So only you reduce money to spend for the haircut. Even these days haircut saloons are raising Rs. 10 more than previous months and all. So only I found. I am saving thees Rs. 60 for thees bus charge no?"
Expanding on his theory, he laid down several suggestions for economizing haircuts:
- When you get haircut, go for the "short", not thees "medium".
- Go for the cheaper barbers.
- Use less of thees hair oil - this will have the two benefit: lower growth rate of the hair and less cost of the hair oil.
Creating a new website is a daunting prospect
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Software and Technology by
Hari
Posted on Thu, Jun 17, 2010 at 16:45 IST (last updated: Wed, Nov 10, 2010 @ 12:19 IST)
Chemical pollution caused by industries: why they invite heavy sanctions
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People and society by
Hari
Posted on Wed, Jun 16, 2010 at 09:22 IST (last updated: Wed, Nov 10, 2010 @ 12:19 IST)
Business law - the most boring aspect of law
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People and society by
Hari
Posted on Sat, Jun 12, 2010 at 16:21 IST (last updated: Sat, Jun 12, 2010 @ 17:26 IST)
I say it is boring and dry as a student and undoubtedly most law students would find business law - for the most part - extremely dull in theory. But there can be no doubt that the law relating to business and commercial transactions form a very important aspect of our lives even as lay individuals. In fact, I feel this aspect of law is probably the most indispensable part of the legal framework of nations next in importance only to criminal law.
As I see it, business law is more about setting the legal framework under which human commercial transactions and dealings can take place within a regulatory system of checks and balances than about the actual rules governing business transactions - which is more an area for MBA graduates and managers. Unlike criminal law which deals with the exceptions of society with its focus being primarily its punitive and deterrence value, business law deals mainly with day-to-day activities and is more about setting boundaries and first principles. However, like any other field of law, commercial laws also do incorporate criminal aspects to deal with blatant abuses of the system and to punish what is popularly known as white collar crime.
Basic contract laws, of course, are the life-blood of any commercial legal framework, but in today's world, we have gone far beyond simple one-to-one contracts. Companies today not only have to worry about local laws, but also about international laws and best practices. Starting and running a business in today's economic and technological environment has becoming increasingly complex. Therefore laws relating to business have mushroomed exponentially covering everything from simple one-man proprietorship firms on tight limited budgets, to multinational corporate giants with international presence concluding mergers and acquisitions as a matter of course.
Because it's also an area of law that is dynamic rather than static, the scope of business law is tremendously wide. Lawyers who specialize in business law have not to be mere lawyers, but domain-specialists in their area of expertise apart from being sound businessmen as well. There are simply no short cuts to success. Pure criminal law is extremely simple and elementary when compared to the sheer scope and range of business law. This may explain why there is far more competition in the area of criminal law than business law. Business and commercial law is highly rewarding as a career but also requires huge depth and range of knowledge and hard work.
Aspiring law professionals who aren't too keen to deal with the nitty gritty of criminal law and the unsavoury associations it brings would find business law a good career path whether as an independent specialist consultant/practitioner or within an organization's legal department.