Definition: Commercial law, also known as corporate or commercial law, is a branch of law that deals with the relationships between companies and their customers, investors, creditors, suppliers, and others who benefit from the activities of those corporations. It includes regulations regarding contracts, mergers and acquisitions, bankruptcy, securities laws, taxation, property law, antitrust law, and environmental laws. The definition of "commercial law" can be broadly defined as "the study of commercial practices that affect businesses." Commercial law is concerned with how companies conduct business in order to maximize profits, reduce costs, and achieve their objectives. It deals with matters such as contracts, corporate governance, taxation, property rights, and intellectual property law. Specific aspects of commercial law include: 1. Contracts: Deals between parties involved in a contract are governed by the Contract Law which governs various types of business agreements. 2. Corporations: Companies are regulated by the Corporate Code, which includes issues such as shareholder rights, corporate governance, and compliance with anti-corruption laws. 3. Mergers and Acquisitions (M&A): Transactions where two companies merge or acquire each other are governed by M&A Law, which regulates mergers and acquisitions. 4. Bankruptcy: Involving the process of restructuring a company's debts to enable it to continue operating is handled under bankruptcy law. 5. Securities Law: Handling securities transactions such as stock exchanges, mutual funds, and derivatives. 6. Taxation: Understanding how companies are taxed by local governments and other taxing authorities. The term "commercial law" also covers environmental law, which deals with the protection of natural resources and the impact of human activities on those resources. Commercial law is a broad area that includes many specific areas related to businesses and their interactions with each other, government, and others involved in business-related activities.
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