Civil law is defined as the set of regulations that safeguard the individual rights of the people while commercial law is a set of regulations that deal with business firms and contracts. The main aim of the study is to establish a comparison between the commercialization of civil law and the civilization of commercial law along with focusing on the transaction to civil or commercial law. The facts related to the restructuring of asset and business group affiliation in French civil law countries and privatization of civil law and civilization of private law with reflective transactional law study are also discussed in the study. It was found that restructuring of assets is regarded as an important strategy by the business groups to avail market opportunities and respond to the turbulences of the competitive market conditions. The study concluded that the transnational private law helped in developing an alternate dispute resolution mechanism by introducing the concept of reflexive law.