Preparation, adoption and publication of financial statements: what are the rules again?

Pursuant to Section 2:210 of the Civil Code, the management board of a private limited liability company (BV) or public limited company (NV) must prepare annual accounts and make them available for inspection at the company's offices within five months of the end of the financial year, subject to a maximum five-month extension on account of special circumstances.

WHOA SPECIAL – 4. TEIL

Das WHOA-Verfahren gibt Unternehmen in finanzieller Krise die Chance, ihre Schulden zu restrukturieren und so die Insolvenz lebensfähiger Unternehmen zu vermeiden. In den letzten vier Jahren hat sich das WHOA-Verfahren als flexibles Instrument für grenzüberschreitende Restrukturierungen bewährt, sowohl eigenständig als auch in Kombination mit ausländischen Verfahren wie dem US-amerikanischen „Chapter 11“ oder dem englischen „Scheme of Arrangement“ bzw. dem „Part 26A Restructuring Plan“.

Wagevoe

Since 1 January 2025, a new act was introduced for shareholder disputes: the ‘Act amending the dispute resolution rules and clarifying the admissibility requirements for inquiry proceedings’ (in short: Wagevoe). Before 2025, anyone who wanted to buy out a co-shareholder or leave a company could usually expect a long process involving various procedures. As my colleague Rick Dijksterhuis explained at the time in his earlier contribution on this bill, the legislator had one clear goal: to make the resolution of shareholder disputes faster, simpler and more practical. In practice, we see that this has an impact on the way shareholders litigate.