Commercial litigation is a term used to describe several processes designed to resolve business or Commercial Litigation Singapore that arise in the context of commercial transactions. Also called business litigation, it covers everything from breach of contract claims to claims against directors and officers (D&O).
What are the natures of commercial litigation cases?
Commercial litigation is a broad category of cases that can involve any business dispute or legal action between two or more parties. While most people think of Commercial Litigation Singapore as being related to business disputes and contract disputes, it can also include personal injury claims and other types of cases where there is a monetary amount at stake.
Commercial litigation is usually handled by attorneys who specialize in this type of law. This area of practice requires a heightened level of knowledge regarding the rules of procedure and evidence followed in civil court proceedings.
The nature of commercial litigation cases can vary dramatically depending on the type of dispute involved. However, some common themes are found in most commercial litigation cases:
Debt collection – When someone owes money to another person or company, that person may be sued for breach of contract or other reasons if they do not pay the debt owed within a specified time frame. Debt collection is one of the most common types of commercial litigation cases because it happens so often every day across the country.
Contract disputes – Contract disputes arise when one party fails to live up to its responsibilities under an agreement with another party. For example, if one party fails to deliver goods or services as agreed upon by both parties, this could lead to a contract dispute.