kaal:claim:1908473-031

German corporate law permits increases in voting rights only in very limited circumstances, such as grandfathered multiple voting shares, so the proposed voting rights increase would require statutory reform in Germany.

Source quote, verbatim

German corporate law allows an increase in voting rights only in very limited circumstances, such as grandfathering provisions for shares with multiple voting rights that were created before the enactment of the Corporations Act

From

Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011), IV.B.2.a. Law of EU Member States, p. 39
https://ssrn.com/abstract=1908473 · source PDF

Cite as

Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011). SSRN: https://ssrn.com/abstract=1908473

Holds when

Höchststimmrechte were banned for listed German corporations in 1998
France and the United Kingdom by contrast permit multiple votes per share

Classification

conditionsupport: arguedgovernance-designlaw-and-legal-systems

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 9d578dac663357529edd1f6453fcfe69bdc59ac882408d9edfde5a4c2916befa. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/4e1e7580c306d824...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/1908473-031.md | sha256sum