Author: Ashurova, Sitora

Annotation: In today’s global economy, commercial law plays a crucial role in regulating business transactions and ensuring the smooth functioning of trade. This article examines the importance of commercial law in modern business, highlighting its function in providing a legal framework that promotes fairness, safeguards market participants’ rights, and facilitates economic growth. The paper explores key areas of commercial law, including contract law, the sale of goods, secured transactions, and international trade. It discusses how commercial law minimizes disputes, promotes ethical conduct, and enhances market predictability, thus fostering an environment conducive to fair competition and innovation. Furthermore, the article emphasizes the significance of international legal instruments, such as the United Nations Convention on Contracts for the International Sale of Goods (CISG), in supporting cross-border transactions. Ultimately, this article underscores the essential role of commercial law in maintaining economic stability and fostering global business integration.

Keywords: Commercial Law, Business Transactions, Uzbekistan, Legal Reform, Investment Climate, International Trade

Pages in journal: 475 - 479