German Commercial Code (HGB)

The German Commercial Code (HGB) is a legal framework that governs business activities, commercial transactions, and company organization in Germany. It sets out rules for commercial partnerships, traders, and commercial enterprises, including accounting, bookkeeping, and financial reporting standards. The HGB ensures transparency, legal certainty, and fair business practices, helping businesses operate smoothly and protect stakeholders' interests. It complements civil law by addressing specific issues related to commerce and trade, providing a structured legal environment for the functioning of German businesses.