Corporate & Business Law (LW GLO) September 2024 – August 2025 Examiner’s Report

The Corporate & Business Law (LW GLO) September 2024 – August 2025 Examiner’s Report explains how candidates performed in the ACCA LW examination and highlights the areas where they faced difficulties. The report also gives useful advice on how students can approach questions more carefully in future exams.

The ACCA LW exam is divided into two sections. Section A contains 45 multiple-choice questions carrying a total of 70 marks, while Section B has five scenario-based questions worth 6 marks each. The total exam time is two hours, and all questions are compulsory.

According to the LW Examiner’s Report, candidates generally performed reasonably well, but Section B continued to be more challenging because it requires candidates to analyse a situation and apply their legal knowledge rather than simply recall information.

ACCA LW Examiner’s Report Exam Structure

The exam consists of two sections:

The examiner noted that candidates generally performed better in Section A than in Section B. One-mark questions were also answered more successfully than the more complicated two-mark questions.

This shows why preparation should cover both basic legal concepts and questions that require application.

Comments About Section A Performance

The examiner’s report highlights one major issue: careful reading of the question is essential.

Most candidates were able to deal with the broad range of syllabus topics. However, some struggled with more difficult areas that have traditionally caused problems. The examiner also pointed out that skipping difficult topics can be risky because questions from those areas may appear in Section B.

Another important point was the wording of questions. Some options may look very similar, but a small difference in wording can change the correct answer.

Therefore, while preparing for ACCA LW, students should not focus only on memorising legal rules. They should also practise reading questions carefully and identifying exactly what is being asked.

Download Now : ACCA LW Examiners Report PDF 

Question 1: UNCITRAL Model Law on International Credit Transfers

The first question tested candidates’ knowledge of the UNCITRAL Model Law on International Credit Transfers.

The question asked about the obligation of the sender in relation to a payment order. The correct answer was:

Pay the receiving bank for the payment order when the receiving bank accepts it.

The examiner reported that this question was particularly difficult for candidates. One reason was that the answer choices used very similar wording.

This is a good example of why students need to learn the details of legal provisions rather than relying only on a general understanding of the topic.

Question 2: International Commercial Arbitration

The second question focused on the UNCITRAL Model Law on International Commercial Arbitration.

Candidates had to identify when a plea that the arbitral tribunal does not have proper jurisdiction must be made.

The correct answer was:

Before the statement of defence is made.

The examiner used this question to highlight the importance of understanding both the legal rule and the language used in the question.

Students should therefore pay attention to words such as before, after, unless, except, must, may, all and only. These words can significantly affect the meaning of a question.

Question 3: Public Companies

Question 3 tested knowledge of public companies. Candidates had to select two correct statements.

The correct answers were:

• A public company can have one member.

• A public company does not have to sell its shares on a stock exchange.

The examiner pointed out that the word “public” in the question required careful attention. Candidates should not automatically assume that every public company must be a public limited company whose shares are traded on a stock exchange.

The question also tested knowledge of the minimum amount of allotted share capital that must be paid up in a public company. The report notes that the relevant figure is 25%, not 50%.

This question shows how a single word or percentage can make a significant difference to the answer.

Also read : ACCA LW Syllabus 2026: Topic-Wise Guide to Corporate and Business Law

Question 4: Company Directors

Question 4 dealt with the role and types of company directors.

The two correct statements were:

1. A shadow director is subject to the same duties as an executive director.

2. A de jure director is a person expressly appointed by a company as a director.

The examiner explained that the question could largely be answered through knowledge of the relevant terms.

For example, de jure means “according to law” and refers to a person who has been properly appointed as a director. Students should also understand the difference between executive, non-executive and shadow directors.

The examiner also highlighted the importance of words such as “every” in a question. Candidates should avoid reading such words too quickly because they can change the scope of a statement.

Question 5: Liquidation

Question 5 presented a scenario involving a company that could no longer pay its debts. The shareholders wanted to bring the business to an end.

The correct answer was:

Creditors’ voluntary liquidation.

This question required candidates to apply their knowledge rather than simply recall definitions.

The scenario included several details that could make the options confusing. The shareholders were voluntarily voting to liquidate the company, but the company was also unable to pay its debts.

Students therefore needed to identify the most important fact in the scenario: the company was insolvent and unable to pay its debts.

This is the type of question where reading the complete scenario is important before looking at the answer options.

Question 6: Shares and Share Capital

Question 6 tested candidates’ understanding of shares and share capital.

The correct statement was:

Ordinary shares may not necessarily give the shareholder voting rights.

The other options involved concepts such as fixed dividends and different types of ordinary shares.

The examiner explained that the question was deliberately worded in a way that required candidates to read both the question and the answer options carefully. The use of terms such as “may,” “cannot” and “not necessarily” can be particularly important in legal questions.

Comments About Section B Performance

Section B is different from Section A because it requires candidates to use analysis and application.

The questions are based on short scenarios and are divided into smaller parts. Candidates are expected to identify the relevant legal principle and apply it to the facts given.

The examiner noted that these skills have traditionally been more difficult for candidates.

A common mistake is to write an answer based only on a memorised legal rule. In scenario-based questions, students should connect the rule with the facts presented in the question.

For example, instead of simply stating a definition, candidates should explain how that rule applies to the situation described.

What the LW Examiner’s Report Means for Students

The ACCA F4 Examiner’s Report and the current ACCA LW Examiner’s Report provide useful lessons for exam preparation. Students should focus on both knowledge and application.

Here are some points to keep in mind:

• Read every question carefully before selecting an answer.

• Pay attention to words such as only, all, every, may, must, cannot and not.

• Do not skip difficult areas of the syllabus.

• Learn important legal rules and their specific details.

• Practise questions with similar-looking answer options.

• Work on scenario-based questions to improve application skills.

• Do not assume that a familiar-looking option is correct without checking it against the facts.

• Revise percentages, requirements, definitions and legal terminology carefully.

• Practise managing time across both sections of the exam.

How to Use the ACCA LW Examiner’s Report for Preparation

The examiner’s report can be used alongside your regular study material and question practice.

Start by identifying the topics where you make repeated mistakes. Then revise the relevant legal concepts and attempt similar questions again.

For Section A, focus on accuracy and careful reading. Since some questions use very similar options, avoid rushing through questions simply because they appear straightforward.

For Section B, practise applying legal principles to short scenarios. After solving a question, check whether your answer actually addresses the facts given rather than simply stating a general rule.

The report also shows that understanding the exact wording of legal concepts is important. Learning only broad definitions may not be enough for questions that test a specific legal requirement.

The Corporate & Business Law (LW GLO) September 2024 – August 2025 Examiner’s Report gives candidates a clear idea of the areas that can create difficulties in the exam. While Section A mainly tests knowledge, Section B requires candidates to analyse scenarios and apply legal principles.

The biggest lesson from the report is to read questions carefully and understand the exact legal rule being tested. Students should cover the complete syllabus, revise important details and regularly practise both MCQs and scenario-based questions. This approach can help improve accuracy and make it easier to handle tricky wording in the ACCA LW exam.