HISTORICAL AND LEGAL ASPECTS OF THE CREATION OF COMMERCIAL COURTS

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HISTORICAL AND LEGAL ASPECTS OF THE CREATION OF COMMERCIAL COURTS

Journal Title: Scientific Research - Year 2024, Vol 4, Issue 5

Abstract

Abstract The emergence of commercial law accompanied the emergence of commercial courts. Throughout history, the role played by merchants in developing trade relations between states is also reflected in the formation of trade law. Especially since the Middle Ages, merchants began to formulate special rules to resolve disputes and conflicts between them with local and other foreign merchants in the same way. Merchants wanted to remain independent from the jurisdiction of local princes and to speed up the speed of the judicial process. Then, as now, such processes were prolonged for cross-border transactions. The cities of northern Italy developed a special case law for merchant guilds that became known in England as the Lex Mercatoria. These transnational customs later began to spread to the European territory. Although the formation of trade customs has long led to the application of similar rules by different states, the continued development of different legal systems and the different levels of economic relations have led to the differentiation and specificity of how individual states deal with commercial disputes. In this regard, we consider it important to look at the experience of several European countries, Turkey and Russia, in addition to Azerbaijan.

Authors and Affiliations

Gunash Yusifgizi

Keywords

EP ID EP748533
DOI 10.36719/2789-6919/33/74-79
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