German Federal Supreme Court Facilitates Delisting and Downlisting

In its ruling dated October 8, 2013, the German Federal Supreme Court (BGH) significantly facilitated the downlisting and delisting of German stock corporations listed on regulated markets.

Below, find a copy of our alert memo summarizing important details, consequences and remaining limitations for delistings and downlistings.

Please distribute the materials within your institution as you see fit. If you have any questions with regard to the issues addressed in the alert memo, please do not hesitate to contact Klaus Riehmer, Oliver Schröder, Gerold Niggemann or Alexander Rahn at the Frankfurt office of Cleary Gottlieb or any of our partners and counsel listed under “Germany”, “Lawyers in this Practice”, under the “Practices” section, “Regions”, of the website.