Since 1986, joint-stock companies in Germany have been required to publish their annual accounts. Many companies, however, failed to meet this obligation without having to face any serious consequences, as the registry courts were ill-equipped to force companies to submit accounts.

With the introduction of the Electronic Federal Gazette (Elektronischer Bundesanzeiger) on 1 January 2007, the duty of joint-stock companies and certain partnerships to disclose details of their annual financial statements has gained considerably in importance. Since then, the Federal Ministry of Justice has pursued most cases of failure to disclose without good reason. As a consequence, disclosures were necessary, and we have regularly fulfilled the relevant obligations on our clients’ behalf.

We are happy to provide all of our clients with this support in the future as well. At the same time, if requested by our clients, we consider it our job to provide assistance in the avoidance or reduction of disclosure requirements (e.g. by a natural person joining the firm as general partner; appropriate group structures, company split-ups or other legal avoidance strategies).