Debevoise & Plimpton

No private rights of action to force mandatory tender offer in Germany

Investors that take stakes in German public companies, including private-equity funds and hedge funds, should be aware of a new decision confirming that shareholders do not have private rights of action to enforce the statutory obligation to make a mandatory tender offer.

The German Federal Supreme Court recently held that shareholders can neither claim consideration for their shares nor damages or default interest from a person acquiring control if such a person violates its obligation to launch a mandatory tender offer…

If you are registered and logged in to the site, click on the link below to read the rest of the Debevoise & Plimpton briefing. If not, please register or sign in with your details below.

Briefings from Debevoise & Plimpton

View more briefings from Debevoise & Plimpton

Analysis from The Lawyer

  • Shell

    Shell: taking the power back

    Shell legal director Peter Rees is switching litigation control away from external counsel to a unified global team of in-housers

Browse This Firm’s


Old Broad St