Corporate and Commercial Law are quite interrelated and different at the same time. Corporate law includes legal issues concerning private companies with other companies or public limited companies etc. Corporate law is the creation and upkeep of partnerships and corporate structures, including the purchasing and offering of advantages of the organization. For these laws, there are corporate lawyers who deal with both the parties and fight a case in boardrooms for their clients.
In case of commercial law, there are contract issues of a property between the seller and buyer, or any dispute of a product between two parties. It can be also defined as the dispute between an organization and an outsider like terms and conditions, license agreement, reseller agreement etc.
One of them focuses on the rights and conduct of businesses and business owners while the other exclusively governs the rights and conduct of individuals and businesses affected by financial deals
What Is It?
- Commercial and corporate law is the law that involves any type of legal matter. Deals, contracts between all parties, negotiation.
- In law firm they’re said to be two related however mutually exclusive terms. It incorporates laws dealing with organizations, securities, contracts, money related administration etc.
- Most companies have a corporate lawyer for all the types to guarantee that the company consents to all state and government prerequisites. There are even corporate legal advisors who make sure that the business practices are legitimized. They give a direction to businesses and customers.
- Commercial law deals with the conveyance of the merchandise, financing of specific exchanges, which is directed by the UCC which is a model agreement of laws with respect to the offers of products, leases of good, debatable instruments, and secured exchanges. The commercial law gives the principles that traders and others engaged with a business look after as they lead business among themselves and with their customers
Subjects in Corporate Law
- Company Law
- Banking And Finance law
- Commercial Banking and Financial Markets
- Principals of Insurance Law
Subjects in Commercial Law
- Principals of Corporate Finance Law
- Principals of International Tax Law
- Insolvency Law
Basically, these law courses are postgraduate courses after the student has taken a bachelors degree in law India or abroad. The most famous course for corporate law is LLM i.e. Masters in corporate law.
Various Degrees Offered In Abroad
- LLB In Criminal Justice ( 4 years )
- Law with Business LLB ( 4 years )
- LLM In Corporate Law ( Harvard University )
- LLM In commercial law ( 1 year )
- LLB ( Hons ) Human Rights ( 3 years )
- BA In Law ( 3 years )
- Masters of Laws In International Legal Studies ( 1 year )
- MA In Law ( 2 years )
- LLM Legal Practice ( Commercial Law )
- LLM Commercial and Company Law ( 1 year )
Various Courses Offered in Commercial Law and Corporate Law abroad
- LLB ( Hons ) Criminal Law
- Masters In Corporate Law ( 1 year )
- LLM In International Public Law ( 2 years )
- MBA and Masters in International Commercial Law ( 2 years )
- LLM in transnational commercial practice
- Masters In Commercial Law ( 2 years )
- LLM In Financial and Commercial Law ( 2 years )
- LLM International Trade and Commercial Law ( 2 years )
Top Universities Offering Corporate and Commercial Law Abroad
- Stanford University – the law courses offered here are diverse and varied, the 1st year syllabus includes legal research, criminal law etc.
- Duke University – Law school of this university is one of the best, the university offers various programs on law.
- Yale University (US) – the university selects student at 10% of the total applicants and it is known for its good teachers.
- Oxford University – Oxford Law Faculty is a federation of 30 law schools in the colleges of the Oxford University. This college offers a good no. of scholarships for the same.
- Harvard Law School- it is one of the well known law school dating back to 1817, the oldest operational law school in USA.
- University of Cambridge – it is ranked 3rd among the law colleges around the world. One of the perks of joining LLM programme is that students get a chance to represent the university in the renowned Philip C. Jessup International Law Moot Court Competition.
Top Countries Offering Law Abroad
- UK – Universities like Stanford, Yale reside here which are some of the best law colleges offering interesting courses for corporate and commercial law
- US – excelling in IT, Business and fashion this country have good no. of universities offering the best courses for law.
- Australia – Melbourne University, University of Sydney are some of the prestigious college students are trying to be a part of to study law and other subjects.
Reasons to Study Law Abroad
- While studying for your LLM, you may interact with academics who’ve years of experience in lecturing and advising people in legal cases. Many universities bring in guest lecturers and legal practitioners in abroad universities and hence students get a good exposure to this industry
- LLM studying abroad means learning a totally different law system unlike your home country, there will be many differences in both the systems, hence it is important to understand those differences and build a bridge across if you study LLB from India and decide to study LLM abroad.
- It is suggested to pursue your LLM from a foreign country and LLB from your home country as you can understand the best of both worlds by juggling from one world of law systems to another. It also gives you a good experience to share with others and be an advisor to those who's doubtful of studying law abroad.
Scholarships for Corporate Law and Commercial Law abroad
Career and Job prospects for commercial law and corporate law
As we know an LLM degree in corporate law covers securities regulation, mergers and acquisitions, accounting, corporate taxes and corporate finance. They are appointed in companies to become their legal advisors and corporate lawyers to handle the legal issues with other companies or ventures.
Because corporate law covers a broad range of topics, corporate lawyers often specialize in one or more areas. These areas include tax law, bankruptcy, intellectual property, zoning or securities.
Most of the corporate lawyers are self-employed with their own firm but there are lawyers who work under a corporation or company. Nowadays this stream has been emerging as more and more companies have started to hire corporate lawyers for their legal matters.
Commercial lawyers are those who advise companies or governments for business-related issues. They may draft client agreements, negotiate employment contracts or write purchase agreements. These lawyers work with multiple clients at the same time, since disputes about commercial transactions are usually brought to trial in a court, these departments commonly work in close contact with a firm's litigation department. Those commercial lawyers who work with a single company are called as in-house attorneys. Commercial lawyers review company paperwork, chiefly contracts, and draft business documents. They usually spend a lot of time researching, writing and editing commercial reports. These writings may be related to establishing or dissolving businesses, merging two businesses, creating sales contract etc.