Oniah Mercy A.
1.1 Introduction
Corporate and commercial law creates the legal framework that controls economic activities, affecting business operations and creating relations internationally. This is an important area of law which comprises a body of regulations controlling commercial transactions, corporate governance, corporate finance, banking and compliance with regulations. It controls all the areas from the establishment of companies, registration under the Corporate Affairs Commission to commercial dispute resolution.
The aim of this article is to x-ray the complex nature of the area of corporate and commercial giving a detailed explanation of its key components, the legal framework controlling this area, and practical implications. This article gives insight to requisite requirements such as establishment and registration of companies, corporate governance principles, contract law, and dispute resolution mechanisms.
The relevance of corporate and commercial law in the economy of every landscape in which it exists, laying emphasis on how it affects business operations and the economy at large.