Negligence and Duty of Care Essay Example | Topics and Well Written Essays - 1750 words

Negligence and Duty of Care - Essay Example As the discussion stresses over the past decade or so we have seen a significant growth in the number of legal organizations offering to act for clients on a â€Å"no win, no fee† basis. The majority of cases dealt with under these conditions relate to action taken under the tort of negligence. Tony Weir argues that the tort of negligence has almost reached a position where its principle that â€Å"It is actionable unreasonably to cause foreseeable harm to others,† is the standard upon which all torts are judged, thereby eliminating the need for other torts. This is a view supported by others. In her book on the subject, Susan Hodge agrees that, â€Å"in many ways it is the most important tort.† In this paper, the intention is to examine the validity of this argument by examining the duty of care, which forms the basis of this principle. We find that, although in recent years there have been some attempts to curb the expansion; the tort of negligence is dominating tort actions. This paper highlights that although this document concentrates upon the tort of negligence, it is helpful to provide a brief understanding of Tort law in general. Tort law differs significantly from contract law, which is based upon the execution of a previously made undertaking. The key issue in tort is the protection of an individual’s rights and interests. This relates to their physical being; the property they own; their present and future fiscal position and the esteem with which they are held by society in general. The application of the law of torts generally falls within three classes. These are intentional tort, nuisance and negligence. Intentional, as the word suggests relates to a deliberate act of harm against another, for example an assault.  Ã‚   For any plan to succeed there is a need to have adequate financial muscle to power it. The government currently provides some funds used to facilitate the treatment of addicts mostly through its various public program s. Though the programs are still functional, it is necessary to expand them so that they can take in a greater number of patients and provide better treatment methods than those that are currently in use.

Financial Regulatory Systems Essay Example | Topics and Well Written Essays - 2500 words

Financial Regulatory Systems - Essay Example All these points are dealt with close contrast between Australian and Singaporean financial system. The main aim of the paper is to deal with some important points that make a well-structured financial system by comparing the Australian system with that of Singaporean one. It brings sharp contrast of the western financial system with that of Asian. The paper stresses the importance of institutional structure in the design of strong financial regulatory system. After thorough study of sources like International Monetary Fund's report on Australia's and Singapore's financial system, the report of Monetary Authority of Singapore (2006), Perkins, J.N.O., book , The Dergulation of the Australian Financial System: The Experience of the 1980, Ng Nam Sin's speech in 2004, Ginnie Teo's articles on Singapore. There are other sources of information that help to make this paper worthwhile. The main findings of the paper is the structure and functions of the financial regulatory system in Australia and Singapore and the related changes that both the nations have brought in to stand as the ultimate destination the financial sector. The paper concludes with the point that how both the nations are trying to become the regional financial services hub. For this the two countries are ready to bring certain changes in each other system to show their prowess in the financial sector. ... e some recommendations in the form of table, which is vital for financial stability and that's more important for any country to fit into the global financial regulatory system. "Identify and discuss the differences and similarities between the structure of the Australian Financial regulatory system and one Asian country, such as Singapore, Malaysia, Indonesia or Hong Kong". Introduction Maintaining financial stability is an important step towards the development of economy. Every nation is now working hard to bring financial stability. It not only checks the inflation but also brings transparency in the financial system, including the activities of hedge funds. The main objectives of the financial regulatory system are to maintain market confidence in the given financial system; to create public awareness of the financial system; to protect the consumers and to minimize financial crime. A well-structured financial regulatory system encourages competition and diversity in the provision of financial services through information disclosure, auditing and enforcement. It is a known fact that the financial system structures changes continually in response to financial innovations and to changes in both the economic environment and the regulatory framework. If we are talking about the world-class financial regulatory system then Australia tops the list. Australia has built a world-class financial sector regulatory regime, which provides security and integrity, through a sound, flexible and strong system of financial regulation. It is specially designed to prevent systemic failure, and avoid unnecessary burdens on business. Even some of the Asian countries such as Singapore, Hong Kong, Indonesia, Malaysia, etc. are also trying to ensure a strong financial regulatory