Germany's Corporate and Financial Law 2007

Die Entwicklung des deutschen Gesellschafts- und Kapitalmarktrechts wird beschrieben und analysiert in einem neuen Arbeitspapier, das Dr. Zetzsche und ich für internationale Leser, aber nicht nur für diese, verfasst haben.

GERMANY'S CORPORATE AND FINANCIAL LAW 2007: (GETTING) READY FOR COMPETITION

This draft provides an overview of the status of corporate and financial law making in Germany in 2007 and examines the driving forces behind current reforms. It also considers amendments to tax and accounting law that are related to corporate and financial law. The authors provide brief comments on pending legislative steps and measure the impact of the reforms on the overall structure of German business law.

The paper serves three purposes. Firstly, it provides an insight into the dynamic development of German corporate and financial law under the influence of European, national, and international reform agendas. Secondly, it reveals that the German legislature responds to competitive pressure in the market for incorporations through service-oriented law making and innovative reforms. Generally speaking, these reforms follow three lines: 1) Simplifying the current law; 2) Increasing flexibility for…