![]() | This article includes a
list of references,
related reading, or
external links, but its sources remain unclear because it lacks
inline citations. (December 2011) |
MoMiG is the acronym for the "Modernisierung des GmbH-Rechts und zur Bekämpfung von Missbräuchen" or "Law for the Modernisation of the German Limited Liability Company Law and the Prevention of Misuse". MoMiG came into effect in Germany on 1 November 2008.
The general purpose of MoMiG is to accelerate establishment of business, modernise the German limited liability ( GmbH) law to make the GmbH structure more competitive internationally, and minimise abuse of company law.
1. Facilitating raising of capital and the transfer of shares in the business – e.g. introduction of new corporate form called the Entrepreneur's GmbH, which may be incorporated without share capital; 2. Introducing a ‘model’ articles of association – simplified templates that combine the articles, the appointment of directors and the shareholders’ list into one document; |
1 ‘A new face for the German limited liability company (GmbH)’, Schultze & Braun (post-enactment)
2 Federal Ministry of Justice, 23 May 2007 Press Release (pre-enactment)
3 'Fundamental Reform of German Company Law Approved by German Bundestag', Debevoise & Plimpton (pre-enactment)
Further Reading
Ulrich Seibert, Gesetz zur Modernisierung des GmbH-Rechts und zur Bekämpfung von Missbräuchen - MoMiG RWS-Verlag, Köln 2008. ISBN 978-3-8145-1882-4
![]() | This article includes a
list of references,
related reading, or
external links, but its sources remain unclear because it lacks
inline citations. (December 2011) |
MoMiG is the acronym for the "Modernisierung des GmbH-Rechts und zur Bekämpfung von Missbräuchen" or "Law for the Modernisation of the German Limited Liability Company Law and the Prevention of Misuse". MoMiG came into effect in Germany on 1 November 2008.
The general purpose of MoMiG is to accelerate establishment of business, modernise the German limited liability ( GmbH) law to make the GmbH structure more competitive internationally, and minimise abuse of company law.
1. Facilitating raising of capital and the transfer of shares in the business – e.g. introduction of new corporate form called the Entrepreneur's GmbH, which may be incorporated without share capital; 2. Introducing a ‘model’ articles of association – simplified templates that combine the articles, the appointment of directors and the shareholders’ list into one document; |
1 ‘A new face for the German limited liability company (GmbH)’, Schultze & Braun (post-enactment)
2 Federal Ministry of Justice, 23 May 2007 Press Release (pre-enactment)
3 'Fundamental Reform of German Company Law Approved by German Bundestag', Debevoise & Plimpton (pre-enactment)
Further Reading
Ulrich Seibert, Gesetz zur Modernisierung des GmbH-Rechts und zur Bekämpfung von Missbräuchen - MoMiG RWS-Verlag, Köln 2008. ISBN 978-3-8145-1882-4