Company law is the foundation that has been laid regarding commercial transactions basing companies and other corporations. Company law is a subject that is applied in both local and international spheres. English company law is one of the famous branches however it differs from principles from one country to another even though the basic idea, rules and situations are the same. This is a mandatory subject in many jurisdictions that teach this law to a law student. It is an area that has a long way to go therefore students should know everything relating to this subject. Information relating to this subject can be easily found through text books reference and by online articles and websites. Other than those resources there are good lectures at many universities who teach or lectures students who are willing to learn law. Moreover this is a subject that has a lot of practical aspects and therefore many chambers provide for internships to students and allow them to get the experience relating to company law transactions and other paper work. Visit http://www.dbhk.com.hk/Taxation/HongKong/517.html
When studying this subject one can see that many decisions a company take is based on meetings and votes, opinions of directors and shareholders. Moreover al such decisions and conclusions they arrive at are noted down and could be used for future purposes. These are the main practical aspects a student gets to see in company and commercial transactions. Furthermore they will have to learn how to make the annual return in Hong Kong which is one of the main duties belonging to a company, they will have to visit the registrar of companies to get to know the validity of a company if interested, to read the objective of a company to know the scope of a particular company and so on. This is an area that litigation is minimized for a certain extent and lawyers rarely will have to courts for disputes.
After all such documents are prepared those shall be forwarded for audit purpose which is done annually and which is a must as to the law of that particular state. By this they check whether any such companies have been running with fraud or any other illegal transactions. Therefore it is must to direct them such documents that have to submit for those purposes.
It can be concluded that it is an area that has so many practical scopes and therefore a student can gain a lot of basic and practical knowledge in regarding company law and commercial transactions relating to such corporations.