äriseadustikus

The Äriseadustik, often translated as the Law of Commerce or Commercial Code, refers to a body of law governing commercial activities and transactions. This legal framework establishes rules for the conduct of business, the rights and obligations of merchants, and the procedures for commercial disputes. Its origins can be traced back to historical merchant codes that emerged to regulate trade in medieval Europe.

Key areas covered by the Äriseadustik typically include company law, such as the formation, operation, and dissolution of various business entities like corporations and partnerships. It also addresses contract law as it pertains to commercial agreements, the sale of goods, and agency relationships. Further provisions often relate to insolvency and bankruptcy, ensuring an orderly process for dealing with financially distressed businesses. The Äriseadustik aims to provide legal certainty and predictability for economic actors, fostering a stable environment for trade and investment. Different jurisdictions have their own specific Äriseadustik, reflecting their unique legal traditions and economic priorities.