2017-2018 / DROI8018-1

Economic Law


60h Th

Number of credits

 Bachelor in law5 crédits 
 Bachelor in political sciences : general5 crédits 
 Master in law (120 ECTS)5 crédits 


Nicolas Thirion

Language(s) of instruction

French language

Organisation and examination

Teaching in the first semester, review in January

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

The aim of the economic law course is to derscribe in its broad outline the legal status applicable to the organization and operation of economy. The Introduction, will point out the fundamnetal concepts of a system of market economy such as the one which governs business life in Belgium, and more largely in Europe : the economic agent ; the market ; the contract and the risk. The four following chapters of the course will point out the various modes according which these concepts are translated and used in business law. The economic agent received a first legal translation through the concept of tradesman, which already triggers the enforcement of a certain number of rules (competence of the commercial courts, particular means of evidence, insolvency law,etc.). This translation was later extended to all other enterprises (this concept constituting, among others, the core of accountancy law). The second chapter concerns the organisation and operation of the market : freedom of trade and industry principle, establishement law, competition law, trade practices and regulation of prices, as well as an introduction to the organization of financial markets and to the operation of financial institutions. In a third part, the idea of contract, which allows economic agents to collaborate, will be pointed out through current commercial business operations (commission, broking, agency, dealership, franchise, etc.) ; traditional bills of exchange; credit transactions. Finally, in the fourth part, the insolvency and "entreprises' continuity" law will be examinated, as legal instruments of sanction of the economic agents' failings.

Learning outcomes of the learning unit

The aim of he course is to provide the students with a theoretical (ex. : bonds with the underlying economic talking and with some important matters of law theory), but also practical knowledge (ex : concrete practices of companies) sufficiently extended to enter into professional life. The goal is to help them answer to any general question in relation with those matters and provide sufficient knowledge to face research needed for the resolution of more complex problems they may have to face during their professional life. The aim is also to develop a critical turn of mind and interdisciplinary curiosity.

Prerequisite knowledge and skills

A perfect understanding of the economic law course requires the knowledge of obligations law.

Planned learning activities and teaching methods

"Ex cathedra" course

Mode of delivery (face-to-face ; distance-learning)

Face-to-face course organised during the first « quadrimester ». A permanence is insured by the personnel of the commercial law unit durind this period.

Recommended or required readings

Nicolas THIRION (dir.), Droit de l'entreprise, Bruxelles, Larcier, 2012

Assessment methods and criteria

Written Exam. Six questions. Exam duration: 3 hours. Students may have their codes, legislarions or regulations printedfrom official websites and a table of keywords only composed of words or short collections of words referring to laws, regulations and treaties' articles or to dates of judicial decisions. More informations and advices about evaluation given during the oral course.

Work placement(s)

Organizational remarks


Economic Law and Legal Theory unit