Commercial Law and its Evaluation in International Law

Abstract

The ease and prevalence of capital movement across international borders has led to its expansion in trade and the economy in recent years, and this may make resolving legal disputes more challenging. As a result of all these changes, national markets are becoming more and more global marketplaces, and commerce is expanding. Legal processes in this process must first be identified, and their characteristics ascertained in order to resolve legal disputes. While research has been done on qualified merchants in commercial law and related fields, no research has been done on qualified merchant requirements on an international scale. This study has, therefore, evaluated the global nature of the qualified trader under commercial law. Semiotic analysis and content analysis techniques were used in the study to evaluate conceptual studies carried out in academic settings. The research findings indicate that while certain national laws exist in the field of commercial law for eligible merchants, significant shortcomings persist in this domain, even within domestic legal frameworks. Confusion in domestic law stems from a number of factors, including the distinction made between the concepts of tradesman and merchant, the definition of "commercial enterprise," and the use of the term "part of" in reference to the requirement of operating a portion of the commercial company. International legal confusion results from inadequate representation of the qualifications of domestic and foreign traders in the legal system, which in turn affects local and national definitions of qualified traders and international activity areas. As a result, both domestically and globally, a more flexible, inclusive, and problem-solving legal strategy is needed.