International Committee

ABI Committee News

Risk Limitation Bill (Risikobegrenzungsgesetz) passed the German Parliament

Written by: Dr. Annerose Tashiro
Schultze & Braun; Achern, Germany

As expected, the Risk Limitation Bill (Risikobegrenzungsgesetz) passed the German Parliament (Bundestag) in July, which intends to ban stakeholders acting in unison to influence the management of a listed company concerning its future or its overall business purpose.  Originally, it came under fire from financial investors for being overzealous in its quest for transparency, but further legal ramifications will affect investors of all sizes. This is primarily due to its effects on the Securities Acquisition & Trading Act (SATA) (Wertpapierübernahmegesetz), which means it will equally affect current and prospective shareholders in distressed German firms

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Committee Session At The Winter Leadership Conference in December

The Winter Leadership Conference will be held Dec. 4-6 in Tucson, AZ, at the Westin La Paloma.  This year’s conference will feature another great group of sessions and speakers, as well as some top-notch entertainment!  The International Committee session will be held on Friday at 3:45 p.m. David Reeder of Hoffman Polland & Furman PLLC in New York will moderate the panel for “Chapter 15: Coming Soon To A Court Near You.”  The panel will include Hon. Robert D. Drain, U.S. Bankruptcy Court (S.D.N.Y), Sandy Shandro from the University College London in London, England and Ronald J. Silverman of Bingham McCutchen LLP in New York. Registration is now open. Click here to register now.