Commercial law, also known as trade 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:
- Domestic and international trade.
- Relationship between the principal and agent.
- Carriage by land and sea.
- Merchant shipping.
- Marine, fire, life, and accident insurance.
- Security interests (collaterals).
- Negotiable instruments.
- Contracts, partnerships etc.
Many of these categories fall within financial law, an aspect of commercial law pertaining specifically to financing and the financial markets.
It can also be understood to regulate corporate contracts, hiring practices, and the manufacture and sales of consumer goods.
In Montenegro, various regulatory schemes control how commerce is conducted, particularly vis-a-vis customers.
We provide portfolio of commercial law services to both domestic and foreign companies and entrepreneurs.