Tort and Regulatory risk

Tort and Regulatory Risks

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Introduction

The late 20th century saw a substantial increase in lawsuits d and petitioned against a corporation from some form of personal injury a client or customer suffered at the hands of such corporation . To manage torts , it is imperative that the organization exhibit some form of risk management . This shall explore regulatory risks in the environment and how to manage them

Regulatory Risks and Torts

Regulatory risks , per technical definition , are the risk (s ) that a change in laws

and regulations will materially impact a security business , sector or market . A change in laws or regulations made by the government or a regulatory body can increase the costs of operating a business , reduce the attractiveness of investment and /or change the competitive landscape (investopedia .com , n .d ' Torts are a common example of these

Civil wrongs arising from non-contractual obligations are typically what the Tort Law addresses . A person who suffers injury may use the tort law to oblige the person or organization responsible for his injury to pay for the damages the injury brought about . This is called tort damages . The law is protecting the offended party from the consequences of the tortuous act . Note that tort is not a criminal act The Tort Law is against the person where in the Criminal Law is against the State

Negligence and Standard Care

Negligence is the foundation of the Tort Law . Anyone , be it a person , a group of people or...