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Rules Governing the Share Capital of German Public Companies by Frank Wooldridge
Rules governing the share capital of German public companies by Frank Wooldridge he above rules are somewhat detailed and some - company. However, it contains detailed rules governing times rather complex. A good elementary account the maintenance of capital. Certain of these rules, Tof them by Schneider and Heidenhain is given in including the prohibition imposed on a public company The German Stock Corporation Act ( 2nd ed, pub Kluwer, subscribing for its own shares contained in paragraph 2000) which has been of considerable interest and help to 56 (1) AktG are considered below. The imposition of the author of this article. ancillary obligations upon shareholders is also considered below, where the rules governing the increase and The articles of a public company ( Aktiengesellschaft ) are reduction of capital, which are rather complex, are dealt required to specify the amount of the company’s share with in outline. capital, which has to be denominated in euros. The minimum capital of a public company is at present THE PROVISIONS OF PARAGRAPH 56 AKTG €50,000 (para 7 AktG ). As in the United Kingdom, shares may be issued without a par value ( Stückaktien ) or with one The most important of the abov e provisions would (Nennbetragsaktien ) (para 8(2) AktG ). Par value shares are seem to be those contained in paragraph 56(1) and 562) required to have the value of one euro or a multiple thereof AktG . Paragraph 56(1) AktG provides that a company may (para 8(2) AktG ). The shares in an Aktiengesellschaft are not subscribe for its own shares. Any purported indivisible, as are the rights attaching to each share. -
Zoning Ordinance 2021
Zoning Ordinance 2021 Hanover, New Hampshire July 13, 2021 Zoning Ordinance of the Town of Hanover New Hampshire Adopted by Town Meeting: March 2, 1976 Amended by Town Meeting: March 8, 1977 March 12, 1991 May 9, 2006 March 14, 1978 March 10, 1992 May 8, 2007 March 13, 1979 March 9, 1993 May 13, 2008 March 11, 1980 May 10, 1994 May 12, 2009 November 4, 1980 May 9, 1995 May 11, 2010 March 10, 1981 May 14, 1996 May 10, 2011 March 9, 1982 May 13, 1997 May 8, 2012 November 2, 1982 May 12, 1998 May 14, 2013 March 8, 1983 May 11, 1999 May 13, 2014 March 13, 1984 May 9, 2000 May 12, 2015 March 12, 1985 May 8, 2001 May 10, 2016 March 11, 1986 May 14, 2002 May 9, 2017 March 10, 1987 October 29, 2002 May 8, 2018 March 8, 1988 May 13, 2003 May 14, 2019 March 14, 1989 May 11, 2004 July 7, 2020 March 13, 1990 May 10, 2005 July 13, 2021 Table of Contents ARTICLE I. AUTHORITY, PURPOSE, APPLICABILITY ................................................... 1 101 Authority ....................................................................................................................... 1 102 Purpose .......................................................................................................................... 1 103 Title ............................................................................................................................... 1 104 Effective date ................................................................................................................ 1 105 Amendments ................................................................................................................ -
Press Release
Press Release General Tire supplies tyres for Mercedes-Benz G-Class Mercedes G 300 to be fitted with General Tire Grabber AT² ex works in Graz Hanover, November 2017. The General Tire brand with its 100-year heritage is to supply tyres for the MerceDes-Benz G-Class. The German automaker recently approveD the all-terrain Grabber AT² in size LT265/75R16 for fitting to the G-Class. They can also now be orDereD via MerceDes dealers in the replacement market since they have been approveD for original equipment use. The MerceDes-Benz G-Class is one of the most recognised powerful off-roaD vehicles, so a great deal is expected of its tyres: maximum grip on stony, sandy and muddy ground, safe handling properties on the road and a highly robust performance both on and off road. “For the General Tire brand this approval is a very special seal of quality,” says Matthias Bartz, General Tire Business Development Manager for the EMEA Region. “MerceDes-Benz invariably sets the bar high in terms of the requirements of the tyres in both the original equipment anD replacement sectors. As a company with a prouD heritage in the proDuction of 4x4 tyres, we bring to the table more than a century of experience in the Development of robust tyres with strong grip, whose stanDarD of quality has now also impressed one of the leading European off-roaD vehicle manufacturers.” The Grabber AT² Displays its strengths on regular anD unpaved roaDs as well as in off-roaD use: Its highly durable rubber compound was developed with all three of these applications in mind. -
Continental Annual Report 2020
150 Years of Continental 2020 Annual Report Continental Group 2020 › Sales at €37.7 billion › Free cash flow at €879 million › Equity ratio at 31.9% Key Figures € millions 2020 2019 ∆ in % Sales 37,722.3 44,478.4 –15.2 EBITDA 3,033.8 4,977.2 –39.0 in % of sales 8.0 11.2 EBIT –718.1 –268.3 –167.6 in % of sales –1.9 –0.6 Net income attributable to the shareholders of the parent –961.9 –1,225.0 21.5 Basic earnings per share in € –4.81 –6.13 21.5 Diluted earnings per share in € –4.81 –6.13 21.5 Adjusted sales1 37,573.9 44,214.2 –15.0 Adjusted operating result (adjusted EBIT)2 1,332.7 3,225.5 –58.7 in % of adjusted sales 3.5 7.3 Free cash flow 878.7 761.7 15.4 Net indebtedness 4,139.1 4,071.7 1.7 Gearing ratio in % 32.7 25.6 Total equity 12,639.1 15,875.7 –20.4 Equity ratio in % 31.9 37.3 Number of employees as at December 313 236,386 241,458 –2.1 Dividend per share in € —4 3.00 Share price at year end5 in € 121.25 115.26 5.2 Share price at year high5 in € 126.50 157.40 Share price at year low5 in € 51.45 103.62 1 Before changes in the scope of consolidation. 2 Before amortization of intangible assets from purchase price allocation (PPA), changes in the scope of consolidation, and special effects. -
Investor Presentation April 2020 (Fact Book 2019)
Bitte decken Sie die schraffierte Fläche mit einem Bild ab. Please cover the shaded area with a picture. (24.4 x 7.6 cm) Investor Presentation April 2020 (Fact Book 2019) www.continental.com Investor Relations Agenda 1 Continental at a Glance 2 2 Strategy 13 3 Automotive Group 24 3.1 Chassis & Safety → Autonomous Mobility and Safety 34 3.2 Interior → Vehicle Networking and Information 48 3.3 Powertrain → Vitesco Technologies 60 4 Rubber Group 63 4.1 Tires 69 4.2 ContiTech 83 5 Corporate Governance 91 6 Sustainability 101 7 Shares and Bonds 113 8 Glossary 120 2 Investor Presentation, April 2020 © Continental AG 1 | Continental at a Glance One of the World’s Leading Technology Companies for Mobility › Continental develops pioneering technologies and services for sustainable and €44.5 billion connected mobility of people and their goods. 2019 sales › We offer safe, efficient, intelligent, and affordable solutions for vehicles, machines, traffic and transportation. › Continental was founded in 1871 and is headquartered in Hanover, Germany. 241,458 employees (December 31, 2019) 2019 sales by group Rubber Group 595 Locations 40% in 59 countries and markets (December 31, 2019) Automotive Group 60% 3 Investor Presentation, April 2020 © Continental AG 1 | Continental at a Glance Founded in 1871, Expanding into Automotive Electronics Since 1998 Continental-Caoutchouc- and Continental expands its activities in telematics Continental expands Gutta-Percha Compagnie is and other fields by acquiring the automotive Continental expands its expertise in founded in Hanover, Germany. electronics business from Motorola. software and systems vehicle antennas by expertise through the acquiring Kathrein Acquisition of a US Continental reinforces its acquisition of Elektrobit. -
List of Active Bayer Companies with at Least a Share of 50% Last Update: 17.8.2020 Country Company
List of active Bayer companies with at least a share of 50% last update: 17.8.2020 Country Company Algeria Bayer Algerie S.P.A. Argentina Bayer S.A. Argentina Biagro S.A. Argentina Monsanto Argentina SRL Australia Bayer Australia Limited Australia Bayer CropScience Holdings Pty Ltd Australia Bayer CropScience Pty Limited Australia Cotton Growers Services Pty. Limited Australia Imaxeon Pty. Ltd. Australia Monsanto Australia Pty Ltd Bangladesh Bayer CropScience Ltd. Belgium Bayer Agriculture BVBA Belgium Bayer CropScience NV Belgium Bayer NV Bermuda MonSure Limited Bolivia Bayer Boliviana Ltda Bolivia Monsanto Bolivia S.A. Bosnia & Herzeg. Bayer d.o.o. Sarajevo Brazil Alkagro do Brasil Ltda Brazil Bayer S.A. Brazil D&PL Brasil Ltda Brazil Monsanto do Brasil Ltda. Brazil Rede Agro Fidelidade e Intermediacao S.A. Brazil Schering do Brasil Química e Farmacêutica Ltda. Brazil Stoneville Brasil Ltda. Bulgaria Bayer Bulgaria EOOD Burkina Faso Monsanto Burkina Faso SARL Chile Bayer Finance & Portfolio Management S.A. Chile Bayer Finance Ltda. Chile Bayer S.A. Chile Monsanto Chile, S.A. Costa Rica Bayer Business Services Costa Rica, SRL Costa Rica Bayer Medical S.R.L. Costa Rica Bayer S.A. Curacao Pianosa B.V. Germany Adverio Pharma GmbH - 1 - List of active Bayer companies with at least a share of 50% last update: 17.8.2020 Country Company Germany AgrEvo Verwaltungsgesellschaft mbH Germany Alcafleu Management GmbH & Co. KG Germany BGI Deutschland GmbH Germany Bayer 04 Immobilien GmbH Germany Bayer 04 Leverkusen Fußball GmbH Germany Bayer 04 Leverkusen -
Press Release Contiroadattack 2 Gran Turismo Rolls out of The
Press Release ContiRoadAttack 2 Gran Turismo Rolls out of the Factory and onto the New BMW R 1200 RT ContiRoadAttack 2 Gran Turismo touring sport motorcycle tire specially developed for heavyweight touring motorcycles Delivers easy handling for heavyweight bikes Contains three core Continental technologies: MultiGrip, TractionSkin, and ZeroDegree Continental equips successful BMW models: the R 1200 GS, the R 1200 GS Adventure and now the R 1200 RT too Like all Continental radial tires, the ContiRoadAttack 2 Gran Turismo is “Made in Germany” Korbach, February 2014. The ContiRoadAttack 2 Gran Turismo touring sport tire will be original equipment on the new BMW R 1200 RT. Heavyweight touring motorcycles like the BMW pose a particular set of challenges for tires, which is why Continental engineers in Korbach have included the ContiRoadAttack 2 Gran Turismo especially for this vehicle class in the product range. The tire's most outstanding characteristic is the innovative structure of the carcass. A reinforced design with a second carcass layer delivers enhanced stability and easy handling for heavyweight bikes. Wear resistance was also improved, and the tire mileage is now even better. A spin on the new tires drives home to any biker the technical refinement of the ContiRoadAttack 2 Gran Turismo Easy handling, safe driving control, and clear feedback are all the result of Continental's motorcycle tire development. The ContiRoadAttack 2 Gran Turismo drives this home to every biker on her or his own motorcycle from the very first meter on. The ContiRoadAttack 2 GT is equipped with the motorcycle tire manufacturer's three core technologies. -
Media Release Re Woolworths Media Release
Goodman to build 45,000 sqm facility for Volkswagen Commercial Vehicles in Hanover Date 2 November 2011 Release Immediate Goodman Group (Goodman) has signed a major pre-committed development in Germany with Volkswagen Commercial Vehicles on a new built-to-suit production facility in Hanover. The external supply centre has an area of approximately 45,000 sqm and will incorporate just-in-time supply for the production of the Amarok, one of Volkswagen’s commercial vehicles. Today’s announcement confirms Goodman’s position as the market leader in the development and management of logistics facilities in Germany. “Goodman has a strong track record in the development of logistics facilities for the automotive industry, which we have demonstrated through projects in recent months that include BMW in Leipzig, Mercedes-Benz in Malsch. We are delighted to have been selected by Volkswagen Commercial Vehicles as their project partner and with the confidence placed in us and our proven experience in delivering quality logistics space for our customers. We also hope to be more involved in the Hanover region in the future,” said Andreas Fleischer, Goodman Country Manager for Germany. For the current project, Goodman acquired a total area of 83,000 sqm in the “Schwarze Heide“ (Black Heath) commercial area of Hanover, near Volkswagen’s commercial vehicle production facility. The site has convenient links to the A2 and A353 as well as to Hanover Airport and the Nordhafen port in Hanover. The new building offers approximately 45,000 sqm of undercover storage area. Volkswagen will use 30,000 sqm of this space as storage for the just-in-time supply in the Amarok production. -
Mayors for Peace Lead City Hannover, Germany
Mayors for Peace Lead City Hannover, Germany Mayors for Peace 11th Executive Conference 2019 in Hannover Thomas Hermann, Deputy Mayor of Hannover 1 Table of Contents 1. Hannover’s role as lead city for German members (2014 – 2019) 2. German website 3. Projects to promote activities among member cities: Flag Day 4. Contributions from Germany 5. Art and peace exhibition “50 Cities – 50 Traces” 6. Ginkgo Project 7. German Mayors for Peace Conference 8. Appeal to the National Government 9. Youth involvement 10. Raising Public Awareness 11. Flyer of events (2017 – 2019) 2 Hannover’s role in Germany 2015 - 2019 Hannover is lead city ▪ Lead City of Germany since 2015 ▪ Vice-president and Executive City since 1983 ▪ Hiroshima and Hannover are sister cities since 1982 Recruiting new members ▪ more than 660 members in 16 federal states ▪ almost 300 new members joined in the past 5 years ▪ sent the sister cities request to all German members and encouraged the mayors to join Mayors for Peace 3 German Mayors for Peace website www.mayorsforpeace.de ▪ integrated in www.hannover.de ▪ launched in October 2016 ▪ clear structure ▪ up-to-date with rotating header ▪ lots of photos ▪ picture gallery of the flag day in member cities 6 main topics: 1. Who are the Mayors for Peace? 2. Activities 3. Flag Day 4. Cooperation with NGOs 5. Hiroshima Secretariat 6. Material and background information 4 Projects to promote activities among member cities The Flag Day, July 8 • over 300 member cities participate • we organize activities in cooperation with ➢ NGOs ➢ local -
Fordham Journal of Corporate & Financial
Fordham Journal of Corporate & Financial Law Volume 14 Issue 1 Article 3 2008 Approaching Comparative Company Law David C. Donald Follow this and additional works at: https://ir.lawnet.fordham.edu/jcfl Part of the Banking and Finance Law Commons, and the Business Organizations Law Commons Recommended Citation David C. Donald, Approaching Comparative Company Law , 14 Fordham J. Corp. & Fin. L. 83 (2008). Available at: https://ir.lawnet.fordham.edu/jcfl/vol14/iss1/3 This Article is brought to you for free and open access by FLASH: The Fordham Law Archive of Scholarship and History. It has been accepted for inclusion in Fordham Journal of Corporate & Financial Law by an authorized editor of FLASH: The Fordham Law Archive of Scholarship and History. For more information, please contact [email protected]. APPROACHING COMPARATIVE COMPANY LAW David C. Donald∗ ABSTRACT This Article identifies several common errors that occur in comparative law analyses, offers guidelines to help avoid such errors, and provides a framework for studying the company laws of three major jurisdictions. Part I discusses some of the problems that can arise in comparative law and offers a few points of caution that can be useful for practical, theoretical and legislative comparative law. Part II examines well-known examples of comparative analysis gone astray in order to demonstrate the utility of heeding the outlined points of caution. Part III provides an example of using functional definitions to demarcate the topic “company law,” offering an “effects” test to determine whether a given provision of law should be considered as functionally part of the rules that govern the core characteristics of companies. -
Comparative Company Law
Comparative company law 26th of September 2017 – 3rd of October 2017 Prof. Jochen BAUERREIS Attorney in France and Germany Certified specialist in international and EU law Certified specialist in arbitration law ABCI ALISTER Strasbourg (France) • Kehl (Germany) Plan • General view of comparative company law (A.) • Practical aspects of setting up a subsidiary in France and Germany (B.) © Prof. Jochen BAUERREIS - Avocat & Rechtsanwalt 2 A. General view of comparative company law • Classification of companies (I.) • Setting up a company with share capital (II.) • Management bodies (III.) • Transfer of shares (IV.) • Taxation (V.) • General tendencies in company law (VI.) © Prof. Jochen BAUERREIS - Avocat & Rechtsanwalt 3 I. Classification of companies • General classification – Partnerships • Typically unlimited liability of the partners • Importance of the partners – The companies with share capital • Shares can be traded more or less freely • Typically restriction of the associate’s liability – Hybrid forms © Prof. Jochen BAUERREIS - Avocat & Rechtsanwalt 4 I. Classification of companies • Partnerships – « Civil partnership » • France: Société civile • Netherlands: Maatschap • Germany: Gesellschaft bürgerlichen Rechts • Austria: Gesellschaft nach bürgerlichem Recht (GesnbR) • Italy: Società simplice © Prof. Jochen BAUERREIS - Avocat & Rechtsanwalt 5 I. Classification of companies • Partnerships – « General partnership » • France: Société en nom collectif • UK: General partnership (but without legal personality!) • USA: General partnership -
From Hanover to Hamburg, Bædeker's Northern Germany 1873
PHARBURG. 15. Route. 99 tower commands a good survey of the town and environs. Fee 5 Sgr. — The Grosse Kirche contains the marble monument of Count Enno II. of E. Friesland. The Natural History Museum contains a fine collection of specimens of amber. The Museum of Art and Antiquity contains a small picture-gallery. Emden is a good starting-point (steamer daily in 4–5 hrs.) for the islands of Norderney and Borkum, two of the most frequented German sea bathing-places (comp. p. 91). From Bremerhaven to Norderney, see p. 91. 15. From Hanover to Hamburg. Railway in 4"|2–5 hrs. ; fares 4 Thlr. 712, 3 Thlr. 6, 2 Thlr. 412 Sgr. Passengers from Hamburg are lable to custom-house examination. Hanover, see p. 72. Stat. Misburg; then Lehrte, the junction of the Berlin-Hanover-Cologne (p. 56), the Magdeburg-Brunswick Hanover (p. 58), and the Hildesheim (p. 56) lines. Stations Burg dorf, Ehlershausen. Stat. Celle (Hannov. Hof; Sandkrug, Adler; Bockstöver's Hotel), on the Aller, with 16,300 inhab., possesses an old Schloss now restored, with an interesting chapel of 1485. The ‘French Garden' contains a monument to Queen Caroline of Denmark (d. 1775), sister of George III. of England. There is an extensive horse rearing establishment here. Stations Eschede, Unterlüss, Suderburg, Uelzen (where there are several large blocks of stone covered with a kind of roof, pro bably of Druidical or early Saxon origin), Bevensen, Bienenbüttel, beyond which the dreary Lüneburger Heide is traversed. Stat. Lüneburg (*Wellenkamp's Hôtel; Deutsches Haus; Hoff nung), an old town of some importance, with 14,500 inhab., on the navigable Ilmenau, possesses many picturesque buildings of the 15th and 16th cent., among which the Fürstenhaus and the *Rathhaus in the market-place deserve notice.