Shareholders Rights and Shareholder Activism 2025

GERMANY Trends and Developments

Trends and Developments Contributed by: Christoph Nolden, Nicolas Ott, Stefan Mendelin and Thomas Glaser SZA Schilling, Zutt & Anschütz

SZA Schilling, Zutt & Anschütz has been one of the most reputable German corporate law firms for many decades and currently houses more than 130 attorneys advising domestic and international cli- ents in nearly all areas of corporate and commercial law. Founded 125 years ago in Mannheim, the firm also has offices in Frankfurt, Munich and Brussels. Its core services in the field of corporate law include legal advice to companies and their boards regarding

corporate governance and compliance; the prepara- tion of shareholders’ meetings (in particular, general meetings); legal advice and support regarding corpo- rate reorganisations; and the representation of clients in corporate disputes (both in arbitration and before state courts). Advising on M&A-related matters is an- other strongpoint at SZA, and the firm is supported by an extensive international network of law firms to assist in cross-border projects.

Authors

Christoph Nolden is a partner at SZA Schilling, Zutt & Anschütz and advises on corporate, capital markets and public takeover law. In secondments to investment and hedge funds in New York and London, he gained

Stefan Mendelin iis a partner at SZA Schilling, Zutt & Anschütz, where he advises primarily in the areas of corporate law, M&A, compliance and corporate litigation. Stefan focuses on advising companies and their boards

practical experience in strategic investment decisions and arbitrage transactions. Christoph has a particular focus on cross-border transactions, in particular takeovers, and advises both listed companies and investors on capital markets and governance issues. He has extensive experience in the management of general meetings of listed companies and in the structuring and implementation of conversions, recapitalisations, squeeze-outs and other corporate actions.

on corporate governance and D&O liability. Moreover, he advises family businesses on all corporate law matters. Stefan’s work also focuses on M&A transactions and legal advice regarding corporate structural measures, and he has gained broad experience in preparing and supporting shareholders’ meetings.

Thomas Glaser is a senior associate at SZA Schilling, Zutt & Anschütz and has several years of experience in the areas of corporate law, M&A and insolvencies. Thomas focuses on advising companies, their boards and

Nicolas Ott is a partner at SZA Schilling, Zutt & Anschütz and primarily practises in the areas of corporate law, M&A and compliance. He advises companies and shareholders on complex structural

other stakeholders both on corporate and M&A- related legal matters in situations of crisis and insolvency. His work also focuses on corporate governance, D&O liability, and internal investigations.

measures under corporate law (including cross- border) and in public and private M&A transactions. Nico is a lecturer at Heidelberg University, a frequent speaker at corporate law seminars, and the author of numerous publications on corporate and capital markets law.

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