Commercial Law

• Commercial Transaction Law: The provisions of this law apply to traders and all commercial activities carried out by a person, even if he is not a merchant.
• It shall apply to traders and commercial activities agreed upon by the two parties unless such agreement contradicts an imperative commercial text.

• In case there is no specific agreement, the rules of the commercial custom shall apply to any matters regarding which there are no provisions herein or in another law related to commercial issues. The specific or local custom shall supersede the general custom. In case of absence of a commercial custom, the general custom, provisions pertaining to civil issues shall be applicable without prejudice to the public principles of the commercial activity.

• It is not permissible to apply special agreements or commercial customs rules if they contradict public morals or public order.

 *Provision of this law shall be applicable under Federal Law No. 18 of 1993.