Corporate / Commercial
General corporate and commercial practice forms the basis of Thümmel, Schütze & Partner’s work profile. The firm advises clients on all aspects of the law pertaining to stock corporations, limited liability companies and partnerships. The German stock corporation law in particular has been subject to several revisions, focusing on more stockholder and public control, in which we have specialized. Hence our services in corporate and commercial practice mainly comprise preparation of general stockholders’ meetings, defence against actions to contest resolutions of general stockholders’ meetings, corporate compliance, liability of members of the management and supervisory boards and preventive counselling services for company bodies.
The area of professional liability of directors and officers (D&O liability) has gained increasing recognition and importance. Discontented shareholders and stockholders, new ownership structures after changes in corporate control, and newly appointed supervisory boards or insolvency administrators pose a threat to the management of concerned companies, and are not be underestimated. We provide comprehensive legal services to members of the board of directors, managing directors and members of supervisory boards, with a view to avert and challenge the risks of liability claims. In the process, we closely work with large D&O insurance companies.
Likewise we treat commercially-related legal issues of mid-sized family-owned businesses, often with complex ownership structures, and provide strategic and reliable solutions. As members of supervisory boards and advisory committees of such corporations, partners of the firm are aware of the issues with corporate ownership structure, and of the potential for conflicts of interest to arise in corporate matters.