This course aims at demonstrating the impact of law on business and society. It is designed for students who have gained already some experience (fourth semester) so that they are able to develop a more comprehensive view over their previous courses in business and economics (and the legal course Governance and Legal Environment). To this end, specific areas of law are presented to make students understand the effects of legal regulation on individuals, businesses and society as a whole. 

This will include tax law (and the impact of taxation on business, public finance and society), the law of intellectual property (the concept of intellectual property rights and their protection) and the legal regulation of competition (regulatory rules and their economic effects). 

All content will be primarily based on relevant international legal standards and concepts or, where useful, on a comparison of national legal systems. 

Topics covered:

• Intellectual Property Rights (Copyright, Patent, Trademarks, Design)
• Unfair Competition
• Competition Law (Cartels, Merger Control)
   
• Policy Design of Tax Systems 
• Income Tax
• Corporation Tax / Business Taxation 
• Value Added Tax (VAT)
• Principles of International Tax

Upon completion of this course, students will be able to

• understand basic concepts of intellectual property rights
• understand the purpose and effects of competition law
• understand design concepts of important types of taxes 
• understand the functions of tax as both a cost for taxpayers / business and a duty against society 
• understand the principles for the taxation of international businesses.

Attendance is not mandatory; however, it is highly recommended. Students are expected to actively participate in the live sessions.

The content of the course will be taught by means of Lecturecasts provided on learn@wu prior to the live Q&A sessions. Students are strongly recommended to watch the Lecturecasts before the live Q&A sessions in order to be able to participate in the course.

Classes will be held by means of interactive Q&A sessions via Zoom at the times provided in the Information Sheet and the Syllabus. The links to the lectures will be available in the folder "web conference". Attendance is not mandatory; however, it is highly recommended. Students are expected to actively participate in the live sessions.

Assessment is based on two exams: an intermediate exam covering the contents of the first part of the course (1/3 of maximum points) and a final exam covering the contents of the second part of the course (2/3 of maximum points).

Grading scale (in % of maximum points):

Excellent (1): 87.5% - 100% 
Good (2): 75% - 87.5% 
Satisfactory (3): 62.5% - 75%
Sufficient (4): 50% - 62.5%
Fail (5): < 50%

The exams will be held online via the learn@WU platform. A prerequisite for participation in the exams is that the students have the necessary technical infrastructure, consisting of a computer with camera and microphone and the latest version of Google Chrome. Please make sure you fulfill the necessary criteria in order to enable a smooth examination process.

For information on the consequences of cheating, refer to the website of the examinations office.