What is meant by the transparency of the commercial register?
Third parties can rely on the correctness of the registered information. Conversely, information which is not registered is deemed to be nonexistent. Third parties are protected from new information which is not registered in the register, i.e. as long as new information is not registered, third parties can rely on the registered information in legal transactions. Example: If some information has to be deleted from the register pursuant to commercial law (e.g. a power of attorney for a person from a particular company), the power of attorney is valid until it has been deleted from the commercial register.
Related Questions
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- What is meant by the transparency of the commercial register?
