Law Firm as Stock Corporation
am 17.01.2006 von German American Law Journal :: American Edition
CK - Washington. The Handelsblatt newspaper summarizes today
a ruling by the federal supreme court in Karlsruhe that law firms structured as stock corporations violate German professional rules in the event that their shareholders may also hold memberships in additional entities. The concern can arise when law firms maintain local or regional entities with individual lawyers who are also stockholders in a larger superstructure. The stock corporation as an organizational vehicle is not objectionable. The by-laws of an Aktiengesellschaft comprised of lawyers may not permit its shareholders, however, to participate in other …
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