CORPORATE VS COMMERCIAL LAW


Suzan
hi Everyone

I have 3 question and would appreciate an answer from forum members.

1. What is the main difference between corporate and commercial law?

2. Who are transactional lawyers? What is the nature of their jobs?

3. The term attorney used in USA, are they solicitors or are they Barristers ((in UK solicitors generally prepare cases and then pass on cases to Barristers who argue the case in courts, also as I understand only Barristers(and not solicitors) have the right to argue in higher Courts of UK)).
hi Everyone

I have 3 question and would appreciate an answer from forum members.

1. What is the main difference between corporate and commercial law?

2. Who are transactional lawyers? What is the nature of their jobs?

3. The term attorney used in USA, are they solicitors or are they Barristers ((in UK solicitors generally prepare cases and then pass on cases to Barristers who argue the case in courts, also as I understand only Barristers(and not solicitors) have the right to argue in higher Courts of UK)).
quote
I am not from USA and my native language is not english, so it is possibly that I could be wrong, but I will try it:

1. Commercial refers to the commerce. Corporate refers to corporations, companies. So, in spite of the fact that companies and commerce are related, they are not the same (i.e. a commercial problem could be ralated with the purchase of thing, a corporate problem could be related with a meeting of shareholders).

2. I don´t know. It seems to be related with transactions :p

3. attorney = solicitors and/or barristers (in USA, as in many coutries, there is not that distinction).

regards
I am not from USA and my native language is not english, so it is possibly that I could be wrong, but I will try it:

1. Commercial refers to the commerce. Corporate refers to corporations, companies. So, in spite of the fact that companies and commerce are related, they are not the same (i.e. a commercial problem could be ralated with the purchase of thing, a corporate problem could be related with a meeting of shareholders).

2. I don´t know. It seems to be related with transactions :p

3. attorney = solicitors and/or barristers (in USA, as in many coutries, there is not that distinction).

regards
quote
Megatron
1. Commercial law is basically the application of, mainly, contract law and property law principles to commercial issues, such as taking security and insolvency situations.
Corporate law (or company law) is mainly concerned with the operation of companies - i.e. directors' duties, agency issues, etc.

2. Transaction lawyers actually carry out transactions, i.e. negotiate and draft the relevant documents, and are commonly distinguished from advisory lawyers who advise on specific issues: tax, employment, etc.

3. A US attorney carries out the roles of both a solicitor and barrister.
1. Commercial law is basically the application of, mainly, contract law and property law principles to commercial issues, such as taking security and insolvency situations.
Corporate law (or company law) is mainly concerned with the operation of companies - i.e. directors' duties, agency issues, etc.

2. Transaction lawyers actually carry out transactions, i.e. negotiate and draft the relevant documents, and are commonly distinguished from advisory lawyers who advise on specific issues: tax, employment, etc.

3. A US attorney carries out the roles of both a solicitor and barrister.
quote

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