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Trade Law Definition
Trade Law is a branch of private law which regulates the set of rules to traders in the exercise of their profession, acts of trade legally qualified as such, and legal relations arising from the implementation of these. This is, in broad terms, the branch of law that regulates the exercise of trade for the various economic operators in the market.
The main notes of this concept are the followings:
1) Part of Private Law: is concerned with regulating relations between individuals, and in particular the Trade Law regulates relations of entrepreneurs with each other, or these with your customers. But today you cannot say that it is only private law, but it includes many rules of administrative law and fiscal modules trade rules.
2) Right of employers: The employer is the subject of the relations that constitute the essence of this law. This does not preclude exceptions Trade law rules may apply to cases where an employer does not intervene.
The fundamental commercial law is the Commercial Code of 1885, which was repealed largely and replaced by other laws such as the Bankruptcy Act "Ley 22/2003 de 9 de Julio, Ley Concursal”, which passes regulated situations of corporate insolvency and subsequent bankruptcy.
Civil law will be a subsidiary of applications that apply in the alternative.
In practice trade law we can provide comprehensive advice in many areas that come under this branch of the law. We provide the services in relation to this area, including: Commercial Contracts, companies, mergers and acquisitions, bankruptcy Law, and Banking and Financial Law.
Also, public works, construction works understood as promoted by public administrations or public bodies sector, are subject to public procurement law, the regulation of which responds to purposes and principles other than those in the private sector.
These practice areas are open for nominations but are not yet included in our publications.
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