BGHZ 153, 47 (II ZR 133/01, 25 Nov. 2002)

Macrotron (BGH II ZR 133/01)

Macrotron became the classic German delisting authority by treating withdrawal from the stock market as a structural step requiring shareholder involvement and an exit offer for public investors, thereby strengthening minority protection at the company-securities interface.

Holding

Macrotron became the classic German delisting authority by treating withdrawal from the stock market as a structural step requiring shareholder involvement and an exit offer for public investors, thereby strengthening minority protection at the company-securities interface.

Issues

delisting of listed companiesshareholder-resolution participationminority exit protection