Note: The following learning applies to the Botswana (BWA); Cyprus (CYP); Ireland (IRL); Malta (MLA); Russia (RUS); Vietnam (VNM); and Zimbabwe (ZWE) exam variants.

Students will be able to:

• identify the essential elements of the legal system, including the main sources of law
• recognise and apply the appropriate legal rules relating to the law of obligations
• explain and apply the law relating to employment relationships
• distinguish between alternative forms and constitutions of business organisations
• recognise and compare types of capital and the financing of companies
• describe and explain how companies are managed, administered and regulated
• recognise the legal implications relating to insolvency law
  demonstrate an understanding of corporate fraudulent and criminal behaviour.

Note: The following learning applies to the Global (GLO) exam variant.

Students will be able to:

• identify the essential elements of different legal systems including the main sources of law, the relationship between the different branches of a state’s constitution, and the need for international legal regulation, and explain the roles of international organisations in the promotion and regulation of international trade, and the role of international arbitration as an alternative to court adjudication
• recognise and apply the appropriate legal rules applicable under the United Nations Convention on Contracts for the International Sale of Goods, and explain the various ways in which international business transactions can be funded
• recognise different types of international business forms
• distinguish between the alternative forms and constitutions of business organisations
• recognise and compare types of capital and the financing of companies
• describe and explain how companies are managed, administered and regulated
• recognise the legal implications relating to insolvency law
• demonstrate an understanding of corporate fraudulent and criminal behaviour

Note: The following learning applies to the Hong Kong (HKG) exam variant.

Students will be able to:

• identify the essential elements of the legal system, including the main sources of law
• recognise and apply the appropriate legal rules relating to the law of obligations
• explain and apply the law relating to employment relationships
• distinguish between alternative forms and constitutions of business organisations
• recognise and compare types of capital and the financing of companies
  describe and explain how companies are managed, administered and regulated
• recognise the legal implications relating to insolvency and takeovers
• demonstrate an understanding of corporate fraudulent and criminal behaviour.

Note: The following learning applies to the Lesotho (LSO) exam variant.

Students will be able to:

• identify the essential elements of the legal system, including the main sources of law
• recognise and apply the appropriate legal rules relating to the law of obligations
• explain and apply the law relating to employment relationships
• distinguish between alternative forms and constitutions of business organisations
• recognise and compare types of capital and the financing of companies
  describe and explain how companies are managed, administered and regulated
• recognise and apply the legal rules that relate to liquidation
• demonstrate an understanding of corporate fraudulent and criminal behaviour.

Note: The following learning applies to the Malaysia (MYS) exam variant.

Students will be able to:

• identify the essential elements of the legal system, including the main sources of law
• recognise and apply the appropriate legal rules relating to the law of obligations
• explain and apply the law relating to employment relationships
• distinguish between alternative forms and constitutions of business organisations
• recognise and compare types of capital and the financing of companies
  describe and explain how companies are managed, administered and regulated
• recognise the legal rules that relate to insolvency and corporate restructuring
  
• demonstrate an understanding of corporate fraudulent and criminal behaviour.

Note: The following learning applies to the Singapore (SGP) exam variant.

Students will be able to:

• identify the essential elements of the legal system including the main sources of law
• recognise and apply the appropriate legal rules relating to the law of obligations
• distinguish between alternative forms and constitutions of business organisations
• recognise and compare types of capital and the financing of companies
• describe and explain how companies are managed, administered and regulated
• recognise and apply the appropriate legal rules relating to minority protection
• recognise the legal implications relating to winding up and corporate rescue
• demonstrate an understanding of corporate fraudulent and criminal behaviour

Note: The following learning applies to the South Africa (ZAF) exam variant.

Students will be able to:

• identify the essential elements of the legal system, including the main sources of law
• recognise and apply the appropriate legal rules relating to the law of obligations
• explain and apply the law relating to employment relationships
• distinguish between alternative forms and constitutions of business organisations
• recognise and compare types of capital and the financing of companies
  describe and explain how companies are managed, administered and regulated
• recognise the legal implications relating to insolvency and business rescue proceedings
  
• demonstrate an understanding of corporate fraudulent and criminal behaviour.