What is Commercial Law?
Commercial law is one of the branches of law that regulates commercial relations between real and legal persons. It regulates commercial credit relations such as valid trade, transaction, commercial check between real persons and legal entities engaged in commercial activities. It lists in detail the rules of establishment, structure, working methods, termination and negotiable instruments used in business and transactions related to a commercial enterprise. The Commercial Code also treats insurance as a commercial activity and explains in detail the commercial activities and transactions in the insurance sector.
Due to the developing commercial activities and approaches, the law of obligations within the scope of civil law was insufficient and trade had to be developed as a branch of private law. Issues related to debts and liabilities, which require special knowledge and become more complex with commercial law, are clarified through technical calculations and concepts.
What are Commercial Law Fields?
Related business cases are heard in commercial courts of first instance and civil courts of first instance. In this context, law fields such as company law, trade, transportation law, valuable papers law, maritime capital market law, intellectual property law, competition law, insurance law.
What Does Commercial Law Cover?
It also determines the legal framework in all matters concerning the commercial enterprise, which is partially specified or filled in the blanks in the law of obligations. It creates a comprehensive reference framework for the structures of companies, their scope of establishment, organizational forms, how their work and activities can be completed, which documents are considered valuable, the forms of transactions related to them, the scope of work and obligations.
Topics Covered?
This is a very broad topic. For example, the absence of stickers on a product purchased from a market or shopping center during the day is within the scope of the Commercial Code. Or the complexity of business relationships is increasing day by day. We all face business activities during the day. If there is no financial agreement, the legal aspect of the business is tried to be resolved. With the increase in commercial activities day by day, labor law takes its place in our daily lives.
Why is Commercial Law Important?
As in all other areas of law, this is an important asset. In general, problems in the business sector are not solved. Here, the creditor-creditor relationship is a frequently encountered problem today. When people cannot solve their problems among themselves, they try to solve them through legal means. Here, too, some factors are taken into account. As new knowledge develops in the field of law, it is imperative to observe the practical applications of lawyers working in the field. Business takes its place in its broad concept to establish healthy illegal business relationships and make important regulations governing legal discipline. It is not included in the debt relations rules. This is out of the case.