Business Law Law Revision Sheets
Business law (or commercial law) governs the economic activity of merchants and companies. An L3 subject, it prepares students for careers in consulting, audit, tax law and M&A. One of the most lucrative specializations after the law degree.
Business Law curriculum in Law
The curriculum covers commercial acts and merchant qualification, business goodwill and its transfer, company law (SARL, SAS, SA), formation, operation and liquidation operations, commercial contracts (commercial sale, distribution, franchise), competition law (cartels, abuse of dominance, mergers), and insolvency law (safeguard, recovery, judicial liquidation).
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Tips to succeed in business law Law
Build a comparative table of company forms (SARL/SAS/SA): minimum capital, governance, taxation, transfer. The foundation of any case study
Read the Lefebvre Companies Memo and the annotated Commercial Code: practitioners' tools
For competition law, integrate the European dimension (TFEU arts. 101 and 102): inseparable from national law
Follow M&A news (LBOs, listed transactions): exam case studies draw from current events
FAQ — Business Law Law
What's the difference between SARL and SAS?
The SARL (limited liability company) operates under statutory framework (management, meetings, formalities), with €1 minimum capital and 2 to 100 partners. The SAS (simplified joint-stock company) offers great statutory freedom (founders define governance), no minimum capital, and unlimited partners. SARL is preferred for small family businesses, SAS for start-ups and high-growth structures (LBOs, fundraising).
What is an insolvency proceeding in business law?
An insolvency proceeding opens when a company faces financial difficulties. Three types: 1) safeguard (preventive, debtor still solvent), 2) judicial recovery (cessation of payments but viable), 3) judicial liquidation (non-viable, asset sale). Each follows a specific regime (duration, bodies, consequences for contracts and creditors). Applicable law is codified in Book VI of the Commercial Code.
Is business law hard in L3?
Business law is technically dense (specialized vocabulary, legal formulas) but conceptually accessible if you master civil law (contracts) and constitutional law (company organization). The main difficulty is volume: 6 subfields to cover in one semester. Work in silos: 2 weeks on companies, 2 on commercial contracts, 2 on competition, etc. With 6 hours weekly, aiming for 13-15/20 is realistic.
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