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27. Oktober 2017
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January 28, 2010
Börsen-Zeitung
In the past, shareholder minorities obstructed the restructuring of distressed closed-end investment funds by rejecting restructuring measures such as contribution of new capital or change of future profit distribution.  In a recent judgment, the German Federal Court of Justice (Bundesgerichtshof) extended the scope of voluntary restructuring measures for closed-end investment funds.  At the same time the court balanced the interests between the majority of shareholders aiming at restructuring the fund and the minority of shareholders refusing such restructuring.  The article illustrates impact and key features of the verdict.  German language article.  Posted with permission.
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