The term commercial law means the branch of law that studies the legal aspects of commercial operations. In a broader sense, it also includes company law, while more narrowly it deals with contracts in the economy, banking operations, and securities.
Status issues of companies, their establishment, organization, and changes are the subject of company law and generally follow the decisions of the Law on Companies. The rest of the field of commercial law is regulated by a multitude of positive regulations, which is why this legal field represents one of the most complex branches of law.
Business operations require constant and dedicated legal support, which is why every company should have an internally or externally hired lawyer for consultation and operational work. From the company establishment, through the regular course of business, changes of the company forms, to the liquidation, business is permeated with regulations that are often strict and imply imperative legal norms that have to be respected.