The Codification of Commercial Law in Macau

Abstract

The Commercial Code of Macau, enacted under Portuguese administration, is divided in 4 books. Book I concerns the exercise of commercial enterprise in genera. Book II governs the exercise of a collective enterprise and the cooperation in the exercise of an enterprise (company law and related entities). Book III concerns the external activity of an enterprise (i.e., commercial contracts such as, for example, agency, franchise, leasing, and independent guarantees). Book IV disciplines negotiable instruments (e.g., bills of exchange). This paper provides an overview of the Code.