ADM 3360 Lecture Notes - Lecture 3: Legal Risk, Human Resources, Debt Management Plan
17 Oct 2016
School
Department
Course
Professor
ADM 3360C
Business Law
Fall, 2016
Chapter 3
Managing Legal Risks
Bruce La Rochelle, LL.B., Ph.D.
Chapter relating more to general business strategies and risk management,
rather than to law. More along the lines of Ch. 1, “Knowledge of law as a
business asset”
Initial Chapter Example: Northland Mining
Legal risks associated with mining operations generally
Legal risks associated with mining operations in particular countries—in
this case, in relation to prospective opening of a mine in Peru.
Categorization by risk type (text, p. 50)
Environmental
The more obvious, in terms of legal risk
Human resources
Particularly in relation to employee health and safety
Operational
Consequences of equipment breakdown
Difficulties with product quality
Potential injuries to visitors to property
Regulatory
Current regulatory environment of business
Regulatory environment in Peru
Financial
Terms of indebtedness; consequences of default
Approaches to share structure, new share issues
find more resources at oneclass.com
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Document Summary
Chapter relating more to general business strategies and risk management, rather than to law. 1, knowledge of law as a business asset . Legal risks associated with mining operations generally. Legal risks associated with mining operations in particular countries in this case, in relation to prospective opening of a mine in peru. The more obvious, in terms of legal risk. Particularly in relation to employee health and safety. Approaches to share structure, new share issues. Risk retention accepting the risk cost of risk versus cost of avoiding risk. The business will reduce the likelihood and impact of mistakes that are costly in terms of the expense of legal services and damage claims. Distracting in terms of time and effort. Harmful in terms of relationships and reputation in the industry. Legal risk: a business risk with legal implications. Legal risk management plan: a comprehensive action plan for dealing with the legal risks involved in operating a business.
