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Different branches of Business Law and Corporate Law

Business law and other branches (Corporate - - commercial law - competition law, companies in difficulty, payment instrument and credit ...)

Business law is a branch of private law which includes a set of rights relating to corporate affairs such as contract law, intellectual property, corporate law, procedure, tax law, criminal law, commercial law, economic law, competition law, the distribution law, labor law, law of consumption, etc.

Business law regulates the activity of merchants and industrialists in the exercise of their professional activity, in short, it relates to corporate life.

Corporate law is the branch of private law who studies civil and commercial companies. The rules of corporate law provide all necessary provisions for the creation, operation as well as the eventual liquidation of the company. Also, this area of ​​law is concerned with relations between the various stakeholders of the company shareholders, officers and directors in particular, as well as relationships the company has with third parties.

Commercial law can be defined as the branch of law responsible for the regulation of relations related to people, actions, places and commercial contracts. This right means all the traders to standards in the exercise of their profession. At the general level, it is necessary to say that this is the branch of law that regulates the exercise of commercial activity.

The Competition Law is therefore to maintain effective competition on the market. From the above, we can suggest that the Competition Law has two distinct branches:

- The first includes the rules that are intended to maintain competition in bounds, to ensure it occurs in a fair, reasonable, temperate. From this angle, the Competition Law considers competition as an acquired data and is concerned to limit excesses.

- The second part comprises the rules designed to protect competition and foster development. These rules not condemn excesses, but the restrictions of competition resulting from certain behavior of businesses, called anti competitive practices.
Law firms in difficulty or insolvency law is not the law of the "bankruptcy" of traders, it is a right to today's difficulties all commercial, craft, agricultural and liberal all independent professionals.

The law firms in difficulty responds to a philosophy that has evolved from the original concept of the bankruptcy law, which responded to an elimination logic. The bankruptcy law was marked by a desire to spread the defaulter with company assets allocation procedure between creditors. Now, this right 3 objectives:

Prevention of business difficulties by various mechanisms with varying degrees of success
The treatment of the difficulty itself (Guyon "the insolvency law is a pathological law, a right to failure")
The sanction of the entrepreneur who has financial difficulties in fraud, incompetence or dishonesty

Payment instruments and credit are the means of implementation of an obligation to pay money and specific operations financing. They are, therefore, the frontispiece of contract law, commercial law, banking law and strict sense of the financial law in the broad sense.