Tag: Return of capital contributions

Prohibition of competition and prohibition of appropriation of corporate opportunities do not (always) protect a GmbH against its sole shareholder-director.

·Limited liability companyProhibition of competitionCorporate opportunityReturn of capital contributionscapital-maintenanceDue DiligenceTrustee· 0 Comments

In principle, it is permissible for the sole shareholder-director of a GmbH to compete with his/her GmbH. Certain limits are set by the prohibition of return of contributions.

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New case law on the prohibited repayment of equity in the case of a covert limited liability company and on auditor liability

·Return of capital contributionsGmbH & Co KGAuditorLiabilitycapital-maintenanceDuty to reportAuditor's report· 0 Comments

New case law on the prohibited repayment of equity in the case of a covert limited liability company and on auditor liability.

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