Commercial Court


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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Court, Commercial

 

in certain bourgeois countries—for example, in France, Belgium, Austria, and Switzerland (certain cantons)—a judicial institution with special jurisdiction. For the most part, commercial courts settle disputes over commercial transactions. In other countries, commercial disputes are settled either by special divisions of the civil courts or by judges who specialize in the consideration of such disputes.

Commercial courts originated during the period of feudalism in response to the desire of influential commercial groups for legal autonomy. They persist in countries with a dual system of private law, that is, countries in which civil and commercial law are separate and distinct from each other.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
PICTURE PERFECT Ciaran Gallagher at Commercial Court
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Other jurisdictions have already taken steps by setting up and promoting English-speaking international commercial courts. The day after Article 50 was invoked, the minister of justice in Hesse, Germany announced an initiative encouraging Frankfurt to become the hub for EU litigation.
The parliament, he added, is also set to vote on proposals for the establishment of the Commercial Court and an Administrative Court.
Amna Al Owais, CEO of DIFC Courts, explains why global trade is driving the evolution of international commercial courts
As a result, amendments to India's 2015 'Commercial Courts Act' were introduced in 2018 to allow state governments to establish commercial courts at the district level.
The court has backed a ruling issued in 2013 by the Zagreb Commercial Court. In 2013, the lower court had favoured the Consumer Protection Association that sued the eight banks for their unilateral decision to increase interest rates.
From a procedural standpoint, an international commercial court offers certain advantages that are a combination of international arbitration and litigation in a national court.

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