New Provisions for Virtual General Meetings in the German Stock Corporations Act (Aktiengesetz, AktG)
At the beginning of the Covid-19-pandemic, the German law on relief from Covid-19-pandemic impacts (Gesetz zur Abmilderung der Folgen der COVID-19-Pandemie im Zivil-, Insolvenz-, und Strafverfahrensrecht; the “Covid-19-Act”) introduced provisions expressly permitting, for the first time in German history, virtual general meetings (Hauptversammlung). Unsurprisingly, almost all large German stock corporations held their 2020 and 2021 annual general meetings in virtual form. The subsequent extension of the Covid-19-Act through 31 August, 2022 enabled this trend to continue in the 2022 general meeting season. German lawmakers have acknowledged and accepted the preference for virtual general meetings and consequently amended, effective with publication in the Federal Gazette, the German Stock Corporations Act (Aktiengesetz, AktG) (the “Amendment”), thus turning what was indented to be...To read the full article, please see the PDF file
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Europe Newsletter (August 1, 2022) (262 KB / 4 pages)
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