On 13 July 2022, GE BaFin fined the firm €11mn for reporting, voting breaches. GE BaFin fined Steinhoff International Holdings NV €11,290,000 following its failure to make the 2016/17 annual financial report available to the public in good time. Steinhoff also did not publish voting rights notifications in good time. Ge BaFin fined the firm…

On 21 October 2021, JPN Trust published reform proposals on voting rights. JPN Trust published proposals made regarding regulatory and administrative reforms. Follows JPN GVT 13 August 2021 invitation to the public to make reform suggestions. Proposals Include review of rules on holding voting rights re trust accounts within the antimonopoly act; relaxation of procedures…

On 9 March 2020, BaFin proposed rules on company voting rights. BaFin introducing mandatory electronic transmission of voting rights notifications. Notification of Voting Rights Draft regulation issued proposing to amend the voting rights notification ordinance and thereby introduce the electronic transmission of voting rights notifications to BaFin. Note that FAQs will be published on the…

On 6 September 2019, GE BaFin fined Goldman €800k for voting rights. BaFin imposed a fine of 800,000 euros against Goldman Sachs on 12 August 2019. The sanction was based on a violation of German Federal Administrative Offenses Act section 130(1), in conjunction with German Securities Trading Act section 25(1). Goldman Sachs International had not…