Fachbeiträge

The German Act to Modernise the Law Governing Private Limited Companies and to Combat Abuse (MoMiG) came into effect on November 1st, 2008. Against the background of “competition of legal forms”, it aims at the strengthening of the competitiveness of the Gesellschaft für beschränkte Haftung (GmbH) in regard to the English private company limited by shares (Limited) by introducing a version of the GmbH which does not require any substantial minimum share capital. This paper aims to explain the characteristics of the ‘new’ GmbH in comparison to the Limited in order to facilitate a choice of legal form.