Commercia law deals with issues of both private law and public law. It developed as a distinct body of jurisprudence with the beginning of large-scale trade, and many of its rules are derived from the practices of traders. Specific law has developed in a number of commercial fields, including agency, banking, bankruptcy, carriage of goods, commercial dispute resolution, company law, competition law, contract, debtor and creditor, sale of goods and services, intellectual property, landlord and tenant, mercantile agency, mortgages, negotiable instruments, secured transactions, real-property and tax law.
The work of a commercial lawyer may involve any aspect of the law as it relates to a firm's business clients, and the role of the lawyer is to facilitate business clients' commercial transactions.
A commercial lawyer may be asked to advise a client on matters relating to both non-contentious and contentious work. Non-contentious work largely involves advising clients on the drafting of contracts, whereas contentious work commonly involves the consequences of breach of contract.
Many jurisdictions have adopted civil codes that contain comprehensive statements of their commercial law, e.g. the Uniform Commercial Code (UCC), which has been generally adopted throughout the USA. Within the European Union, the European Parliament and the legislatures of member nations are working to unify their various commercial codes.
A substantial amount of commercial law is governed by international treaties and conventions. The United Nations Commission on International Trade Law (UNCITRAL) regulates international trade in cooperation with the World Trade Organisation (WTO).
private law-частное право
