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Category: section 54 HGB

German Commercial law, Company law, Agent law, Business law, Corporate law, Finance law, Sales representatvive law, Transport law, Shipping law, CSIG, INCOTERMS, Tax law, European Commercial law

Introduction to the German Commercial Code: HGB

How is the Commercial Code structured? The most important legal source of commercial law is the Commercial Code (HGB). In addition, the general provisions of the German Civil Code (BGB) also apply. The Commercial Code comprises a total of five books and is structured as follows: Book I (§§ 1-104a HGB) includes, among other things,…
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Limited commercial authority

Limited commercial authority (German: “Handlungsvollmacht”) authorizes the holder of it to undertake all transactions and legal acts commonly associated with operating a commercial enterprise. The powers of representation pursuant to this authority are limited to the execution of business transactions of the commercial enterprise. The taking out of loans and the conducting of litigation proceedings…
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