ELEMENTS OF COMMERCIAL & CONSUMER LAW Essay Example | Topics and Well Written Essays - 2000 words

ELEMENTS OF COMMERCIAL & CONSUMER LAW - Essay Example In relation to the concept of Ayres & Braithwaite, the notion of responsive regulation comprises two major interpretations — the ‘tit-for-tat responsive regulation’ and the ‘restorative justice (RJ) responsive regulation’. With this regard, the concepts have been recognised to fetch a major debating subject for the organisations while remaining keen to implement responsive regulations2. Applying a critical point of view, in order to assess the way of effective persuasion of the model, the paper evaluates the key effectiveness of responsive regulation that can enable an organisation to maintain a strong reputation within a particular market or industry. Correspondingly, to assess the efficacy of the model, the report also describes its effectiveness in response to regulatory powers and responses available under the Consumer Protection from Unfair Trading Regulations 2008. With reference to an in-depth understanding, the concept of responsive regulation is designed by Ayres and Braithwaite, with the aim of addressing issues associated with the restricted resources. In addition to the observation, the regulation is also developed in order to effectively deal with limitations relating to modest compliance or deterrence execution strategies and efficiently respond towards numerous pluralistic motivations that are likely to be driven by the compliance behaviour of the individuals3. The key aspects of responsive regulatory concept that highly apprehend the imaginary attributes of the practitioners are often considered as an idea of the responsive regulatory pyramid. It is owing to the fact that interpretation of responsive regulation to the respective practitioners by any individual generally ends by asking them for selecting a regulatory challenge and is likely to bring major conflicts among the practitioners. The scenario is often observed to invite the practitioners to focus on preliminary designing of