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Commercial law, also known as business law, is the body of law that applies to the rights, relations and conduct of persons and businesses engaged in commerce, merchandising and trade. It is often considered to be a branch of civil law and deals with issues of both private law and public law.
In the United Kingdom, commercial law is a branch of civil law and is therefore governed by the rules and principles laid down in the Civil Code. The main source of commercial law is case law, which is decided by the courts. Commercial law cases typically involve disputes between businesses or between businesses and consumers.
International commercial law covers a wide range of legal topics, including contract formation and performance, tortious liability, consumer protection, competition law, bankruptcy and insolvency. In recent years, there has been an increasing focus on international commercial law, as businesses become more globalized.
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