Bona Fide Transfers Of GmbH Shares Under The MoMiG

Mondaq Business BriefingGermany Law Articles in English (2008)

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Bona Fide Transfers Of GmbH Shares Under The MoMiG

In the context of the transfer of interests in a German limited

liability company, a bona fide purchase of the shares from a seller

owning such interests was not possible. In contrast to the purchase

of real property or movable goods, the purchaser's good-faith

belief in the ownership of the would-be seller was not protected.

The purchaser therefore could not obtain ownership rights over the

shares. Although the purchaser in an M&A transacti...

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