Commercial law

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, trade, and sales. It is often considered to be a branch of civil law and deals with issues of both private law and public law.

Commercial law includes within its compass such titles as principal and agent; carriage by land and sea; merchant shipping; guarantee; marine, fire, life, and accident insurance; bills of exchange and partnership. It can also be understood to regulate corporate contracts, hiring practices, and the manufacture and sales of consumer goods. Many countries have adopted civil codes that contain comprehensive statements of their commercial law.

In the United States, commercial law is the province of both the United States Congress, under its power to regulate interstate commerce, and the states, under their police power. Efforts have been made to create a unified body of commercial law in the United States; the most successful of these attempts has resulted in the general adoption of the Uniform Commercial Code, which has been adopted in all 50 states (with some modification by state legislatures), the District of Columbia, and the U.S. territories.

Latest News for: Africa business law


South Korea ready for maiden Korea-Africa Summit

Ghana Business News 19 May 2024
Mr Jung Kihong, Government Representative for the 2024 Korea-Africa Summit, says Korea is ready for the Summit ... The government provides land and capital for foreign businesses that display excellent technological prowess and obeys local content laws. The Summit was heralded by Africa Film and Cultural Festivals and an Exhibition....

Business slams NHI Bill as JSE-listed firms with healthcare exposure tumble

Independent online (SA) 15 May 2024
Business groups slammed the signing of the bill into law, saying in its current form the NHI Bill was fundamentally flawed, would damage the economy and dent confidence in investing in South Africa ... “South Africa’s constitutional framework makes consultation a key part of the development of laws....

Roundup: South African president signs National Health Insurance Bill into law 15 May 2024
While South Africa's main opposition party, the Democratic Alliance (DA), vowed to do away with the NHI if elected into office in the country's upcoming elections, most of ... Business Unity South Africa (BUSA) expressed "concern" in a statement about the signing of the bill into law....

Discovery CEO slams ‘flawed’ NHI Bill as their share price tumbles

Independent online (SA) 15 May 2024
Over the last seven days, the share price has dropped by 8.45% in intraday trade.Business Unity South Africa ... Business Unity South Africa (Busa) said on Monday that it was concerned that Ramaphosa would be signing the NHI Bill into law on Wednesday, given it had so many substantive and procedural constitutional flaws....

Putting Clients First: Centurion Law Group Rebrands as CLG

ACCESSWIRE 09 May 2024
The rebrand reflects CLG's commitment to becoming a modern, dynamic and global legal, business and tax partner of choice JOHANNESBURG, SOUTH AFRICA / ACCESSWIRE / May 9, 2024 / Pan-African legal and business advisory group Centurion Law Group has officially rebranded to CLG ( ......

Campus protests against Gaza attacks continue in Michigan amid national crackdown

Detroit Free Press 04 May 2024
... companies doing business in the country, the Free Press reported. In 1983, the state of Michigan enacted a law requiring public universities and colleges to divest from South Africa and sell their investments in companies that do business in South Africa, such as General Motors....

Divestment demands over Israel collide with Michigan university rejection

Detroit news 02 May 2024
The Board of Regents voted in 1983 to divest from companies operating in South Africa, with the exception of corporations headquartered in the state, after the Michigan Legislature approved a 1982 law requiring that public colleges and universities to remove investments from companies doing business in South Africa, she said....

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