Understanding the Legal System: Key Terms Explained

The Law Listing The Law Society Of Hong Kong

Compensatory damages are additional categorized into special damages, that are economic losses corresponding to loss of earnings, property damage and medical expenses, and general damages, that are non-economic damages similar to ache and struggling and emotional distress. Rather than being compensatory, at widespread law damages might instead be nominal, contemptuous or exemplary. At widespread law, damages are a treatment in the type of a financial award to be paid to a claimant as compensation for loss or damage. To warrant the award, the claimant must show that a breach of duty has caused foreseeable loss. To be recognized at law, the loss should contain harm to property, or mental or bodily injury; pure financial loss isn’t recognized for the award of damages. United Arab EmiratesMixed authorized system, primarily based on Islamic law and the Egyptian civil law system .

Although both attorneys and legal professionals acquire law degrees, they don’t do the same job. An attorney really practices law by representing other individuals in court, for example. Individuals or business entities that need Law news assistance with cases involving the IRS or SEC usually employ finance and securities attorneys. These companies serve to prevent fraud, market manipulation, or insider trading.