3, Kostaki Pantelidi str., 2057 Nicosia, P.O.Box 25331, 1308 Nicosia, Cyprus, Tel.: +357 22459090, Fax: +357 22664910, Email: info@ibscyprus.com.cy

Law Principles

Duration: 39 hours    Credits: 3


This course is a foundation on the business law principles underlying banking law as well as a description of the context for and process of creating banking law and regulations. Knowing the basics of business law enables every banker to more easily understand laws pertaining to bank products, services and transactions.

After successfully completing this course, you will be able to:

  • Explain the regulatory system by which laws and regulations are made and banks are governed
  • Distinguish between civil and criminal law
  • Understand the regulatory system and the enactment procedures in force in the European Union
  • Understand the basic principles and the main areas of contract law, namely contractual capacity, offer, acceptance, consideration and reality of consent
  • Understand and explain the basic principles and procedures relating to security and the main types of security namely land, stocks and shares, life policies and guarantees
  • Understand and explain the principles and regulations governing the issue of cheques and the legal rights emanating from the use of cheques
  • Understand and explain the legal framework and the procedures relating to Automated Teller Machines (ATM’s) and Credit Cards