COVID-19 - deadline for the commencement of the mandatory share dematerialisation procedure by joint stock companies and limited joint-stock partnerships

Dear All,

Please note that none of the legal regulations introduced, in connection with the prevention of COVID - 19 does not modify the deadline for the commencement of the mandatory share dematerialisation procedure by joint stock companies and limited joint-stock partnerships. We would like to remind you that the managers of these companies, under the pain of certain responsibility, must conclude relevant agreements on keeping the register of shareholders by 30 June 2020 and for the first time invite shareholders to submit share documents in the company. Please note, however, that the first call for the submission of share documents must not take place earlier than the conclusion of an agreement to keep the register with the relevant entity. Detailed information in this respect you can find in the legal alertprepared by the Department of Company Law of SDZLEGAL Schindhelm.