Within the banking commercial law practice group is the firms collection and bankruptcy practice dbl represents both creditors and debtors businesses and consumers with respect to foreclosures loan workouts bankruptcies and reorganizations. Commercial law commercial law on the other hand more often alludes to law identifying with communications between the organization and another outsider for example terms and conditions permits affiliate understandings and so on the term commercial law depicts a wide collection of laws that oversee business exchanges. Banking and finance legal issues the banking and financial industries are heavily regulated by both state and federal law these laws impose reporting requirements for banks and other financial institutions govern securities and other transactions and regulate taxes