What is Commercial Code/meaning/concept

The commercial code is a document that regulates commercial relations. Its objective is, therefore, to bring order to human activity related to commerce , seeking the fairest possible.

From a general point of view, the commercial actions regulated by this code refer to the purchase and sale of goods and services, as well as rental or everything related to the life of industrial or commercial companies and, finally, operations exchange rate.

The first commercial code

History shows that one of Napoleon Bonaparte’s greatest concerns when he came to power was the codification of laws. Once he finished systematizing Civil Law, his next step was to regulate commercial actions. His work was registered in the form of 648 articles recognized in four large volumes whose titles were the following: “On Commerce in General”, “Private Laws of Maritime Commerce”, “Bankruptcy” and “Judgments and Procedures to be followed in Commerce”.

The work of putting together this regulation has the participation of Napoleon himself, although, in the first instance, all the prior preparation fell to a commission of seven specialists headed by Minister Gorneau, an illustrious French general in charge of directing the last works of the Commercial Code , on September 15, 1807, after being approved by the Legislative Chamber.

Although this commercial code is recognized as the first in history, what is certain is that it was not the first attempt made in France to regulate commercial relations, as previously, in 1627, Cobert, under the mandate of Louis XIV, took charge of dictating five distinct orders seeking to unify commercial rules.

In any case, Napoleon’s commercial code laid the foundations of the modern code, for both Europeans and Americans.

This was due in large part to the focus of trade from a universal perspective. And this code had its time, being as flexible as possible to be able to adapt to such a changing reality in commercial matters, as shown by France after the Revolution .

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *


Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker