
GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Bremen, Dusseldorf, Essen, Frankfurt, Hamburg, Hanover, Munich, Nuremberg, Stuttgart and London www.grprainer.com/en conclude: The Regional Court of Freiburg has determined in its judgment (12 0 133/12) that the general partner of an asset management company, who neither participates in the profit and loss of the company nor receives remuneration independent of profit, is not entitled to multiple voting rights as laid out in the articles of association in the event of a resolution to alter said articles. The Court thereby approved the claimant’s request. Certain provisions of the Stock Corporation Act, which enable multiple voting rights to be granted, cannot be applied to an asset management company. The fact that the company is physically structured does not conflict with this.