BUSINESS LAW: LECTURE NO.

1
AN INTRODUCTION TO BUSINESS LAW
What is business law?

 Business law, also known as Commercial law, is the body of law that
deals with the rules and institutions of the commercial transactions,
including banking, commerce, copyrights, insolvency, insurance,
patents, trademarks, shipping, storage, transportation and
warehousing is called the business law.

 Business law ,also called Commercial law or Mercentile law, the

body of rules, whether by convention, agreement, national or
international legislation, governing the dealings between persons in
commercial matters.
When did it begin?

 Started from earliest human civilizations.

 Standardized code of commercial regulation existed in ancient
Egypt and Babylonia.
Continued…

 The Hammurabi Code in 18 th century.

 Books on religion.
 In Roman empire ,business law was incorporated into the
broader legal system.
 Early Renaissance period.
 Lex Mercatoria : Law merchant.
 In late 18th century law merchant had become incorporated
in English Common Law.
Nature and Scope???
Laws to consult:

 1.The Companies Act,1994.

 2.The Bank Companies Act,1991.
 3.The Negotiable Instruments Act,1881.
 4.The Partnership Act,1932.
 5.The Sale of Goods Act,1930.
 6.The Artha Rin Adalat Ain,2003.
 7.The Money Laundering Prevention Act,2012.
 8.The Arbitration Act,2001.
 9.The Carriers Act,1865.
 10.The Insurance Act, 2010.
Continued….

 11.The Consumer’s Right Protection Act,2009.

 12. The Competition Act,2012.
 13.The Bankruptcy Act,1997.
 14.The Contract Act,1872.
 15.The Labour Act,2006.
Sources of Business Law in
Bangladesh
 Bangladesh Parliament: The Negotiable
Instruments Act, 1881, The Bankruptcy Act, 1997
etc.
 Judicial decisions or precedents.
 ForeignLaws: The Railways Act, 1890.
 Custom and Usage.
Any Questions?
Thank you!