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Comparative Law as Transnational LawA Decade of the German Law Journal$
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Russel A. Miller and Peer C. Zumbansen

Print publication date: 2011

Print ISBN-13: 9780199795208

Published to Oxford Scholarship Online: January 2012

DOI: 10.1093/acprof:oso/9780199795208.001.0001

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The Reform of the German Private Limited Company †

The Reform of the German Private Limited Company †

Is the GmbH Ready for the Twenty-First Century?

(p.203) 16 The Reform of the German Private Limited Company
Comparative Law as Transnational Law

Michael Beurskens

Ulrich Noack

Oxford University Press

The Gesellschaft mit beschränkter Haftung (GmbH—Private Limited Company) is the most popular organizational form for businesses in Germany—there were almost one million such entities in 2007. Not only is the GmbH popular for entrepreneurs, but it also serves a role in company groups, and can be more or less easily upgraded to an Aktiengesellschaft (AG—public corporation). Few changes have been made to the statute since its inception in the late 19th century. This chapter discusses the reform of the GmbH.

Keywords:   Gesellschaft mit beschränkter Haftung, private law, German law, legal reform

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