University of Liege | Version française
Academic year 2014-2015Value date : 24/10/2014
DROI8018-1  Commercial law

Duration :  60h Th
Number of credits :  
Bachelor in Law, 3rd year5
One-year preliminary programme leading to the Master in Law5
Lecturer :  Nicolas Thirion
Language(s) of instruction :  
French language
Organisation and examination :  
Teaching in the first semester, review in January
Course contents :  
The aim of the commercial law course is to derscribe in it's broad outline the legal status applicable to the organization and operation of economy. The Introduction, will point out the fundamnetal concepts of a system of market economy such as the one which governs business life in Belgium, and more largely in Europe : the economic agent ; the market ; the contract and the risk. The four following chapters of the course will point out the various modes according which these concepts are translated and used in business law. The economic agent received a first legal translation through the concept of tradesman, which already triggers the enforcement of a certain number of rules (competence of the commercial courts, particular means of evidence, insolvency law,etc.). This translation was later extended to all other enterprises (this concept constituting, among others, the core of accountancy law). The second chapter concerns the organisation and operation of the market : freedom of trade and industry principle, establishement law, competition law, trade practices and regulation of prices, as well as an introduction to the organization of financial markets and to the operation of financial institutions. In a third part, the idea of contract, which allows economic agents to collaborate, will be pointed out through current commercial business operations (commission, broking, agency, dealership, franchise, etc.) ; traditional bills of exchange; credit transactions. Finally, in the fourth part, the insolvency and "entreprises' continuity" law will be examinated, as legal instruments of sanction of the economic agents' failings.
Learning outcomes of the course :  
The aim of he course is to provide the students with a theoretical (ex. : bonds with the underlying economic talking and with some important matters of law theory), but also practical knowledge (ex : concrete practices of companies) sufficiently extended to enter into professional life. The goal is to help them answer to any general question in relation with those matters and provide sufficient knowledge to face research needed for the resolution of more complex problems they may have to face during their professional life. The aim is also to develop a critical turn of mind and interdisciplinary curiosity.
Prerequisites and co-requisites/ Recommended optional programme components :  
A perfect understanding of the commercial law course requires the knowledge of obligations law.
Planned learning activities and teaching methods :  
"Ex cathedra" course
Mode of delivery (face-to-face ; distance-learning) :  
Face-to-face course organised during the first « quadrimester ». A permanence is insured by the personnel of the commercial law unit durind this period.
Recommended or required readings :  
Nicolas THIRION (dir.), Droit de l'entreprise, Bruxelles, Larcier, 2012
Nicolas THIRION (dir.), Chronique d'actualités en droit commercial, Bruxelles, Larcier, 2013, coll. CUP, n° 143
Assessment methods and criteria :  
Written Exam (with the faculty to ask an oral exam only during the first session)
Work placement(s) :  
Organizational remarks :  
Contacts :  
Economic Law and Legal Theory unit



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