We can call commercial law the legal norms and their implementation, those that refer to the transactions of goods and services. Commercial law seeks to arbitrate in disputes between individuals that have economic consequences. This is a branch of private law aimed at transactions carried out between people who do not have merchant status . Given the changing capacity of commercial relations, this type of right must also be modified to take account of the new circumstances experienced in the world. Commercial Law
The market has existed since the dawn of humanity and consequently there are also disputes associated with commercial activities
Commercial law is society’s response to the inconveniences that may arise in the field of commerce . Given this circumstance, commercial law largely guarantees that trade is carried out with a certain degree of security . This is much more important than it appears at first sight, it is one of the aspects commonly called legal certainty. Thus, a society where commercial law is strongly developed and applied efficiently and without delay, it is a society that creates conditions of trust to guarantee investments and the course of commercial activity.
In fact, every investor welcomes the fact that they can have a defense of their equity and capital if there is any kind of unfair circumstance that puts them at risk .
Given the above, it is easy to understand the relevance that commercial law has in the economic development of a region.
Another point of view to be considered is the capacity of commercial law to adapt to the different circumstances that the market ends up generating. In fact, society is continually exposed to reforms in its structure and from the point of view of commercial activity, they are of great depth. Thus, economic agents seeking to achieve a higher degree of profitability continue to create new ways of producing, of combining productive factors, in addition to new possibilities.
All this type of change inevitably leads to new sources of conflict that must be registered and dealt with accordingly.
New laws and jurisprudence are created to provide an answer to the problems faced by the market, answers that are often far from perfect, but that establish a certain advance.