Banking and Finance
Finance and banking are the lifeblood of trade, commerce, and industry. The development of any country mainly depends upon the banking and finance system of the country. Banking and finance is a term of managing the money by investing it in either banks or other financial institutions.
Basically, Finance is generally referred to as management of the money Whereas banking is defined as the stabilization of financial systems. The term Banking and Finance are two very different terms but are correlated together. These two terms are often used to denote services that a bank and other financial institutions provide to its customers. The banking system is a key element of international economics. Banks act as a bridge between the investor and the financial institution of the world.
Work of a Lawyer in Financing and Banking
1. Law is a common area for all financial advisers and planners. A lawyer in a banking institution is not always limited to give legal advice or handle lawsuits representing banks in courts, they are entrusted with versatile work roles.
2. Banking and finance lawyer arranges loans to buy other companies or to finance new business ventures. They also give legal advice and work on a variety of corporate and finance-related cases.
3. Lawyers may begin a new case by meeting with a client to clearly understand the prevailing issues. For example, a lawyer may advise a client on how to set up a new business, including whether to structure it as a limited liability company, limited partnership, or other types of business.
4. Additionally, the lawyer might assist the client in providing appropriate documentation, like bank accounts, credit card numbers, and a tax identification number. He or she may then advise the client on creating contracts for employees and securing lending from banking institutions.
5. Lawyers also may represent their clients at trial. Lawyers present a client’s case in court by questioning experts, cross-examining witnesses, providing supporting evidence, and making closing arguments.