The paper describes the system and current developments of corporate governance in Germany. The two-tier-system, the co-determination regime and other control devices are explained shortly. The paper focuses then on the new legislation on corporate governance which entered into force on May 1,...

The last comprehensive review of European Company Law and the EU Action Plan aimed at"Modernising Company Law and Enhancing Corporate Governance in the European Union" datesback to 2002 and 2003 respectively. It is therefore appropriate at the start of the second decade ofthe 21st century to...

The purpose of this essay is to assess the automatic exchange of information as described in EU Directive2003/48 of 3 June 2003 on taxation of savings income in the form of interest payments with regard to thefundamental right of the individual to a private life, to banking secrecy and the...

On 27 and 28 September 2007, a commission formed on the initiative of the authors1held its first meeting in Aarhus, Denmark to deliberate on its goal of drafting a "EuropeanModel Company Law Act" (EMCLA). This project, outlined in the following pages, aimsneither to force a mandatory...

Company law is traditionally understood in Europe as the law of associations, andthis is how it is taught in our law schools. Companies, including those listed on stockexchanges, are associations of members. In some cases the relationship of theindividual members to the undertaking can be close;...