Company laws specify how a corporation must conduct business and elaborate on how companies should be managed to ensure that there are no defaults that could impair the efficient operation of a business venture. The law is crucial to uphold transparency and accountability. 

Is corporate law and company law the same? 

Corporate law and company law are the same. Company law, therefore, deals with issues that primarily affect corporations, such as how businesses operate. In addition, it concerns what their management is responsible for, how shareholders are treated, and other related issues. 

Is commercial law and corporate law the same? 

Commercial law looks into trading, commercial transactions, and business deals and is pertinent to the operational facets of managing a corporation. On the other hand, corporation law addresses corporate finance and governance issues. Hence, even though they are closely related in business, they are not identical.