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COMMERCIAL LAW

COMMERCIAL LAW. Traditionally the Islamic legal system did not recognize commercial law as a separate body of rules regulating trading activities in a manner distinct from civil law, which governs all other private law relationships. In this regard Islamic law differs from most of the legal systems belonging to the Romano-Germanic family, which recognize commercial law as an autonomous branch of private law. English common law later took the same position as Islamic law in denying the duality of ...more

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