New risks for unlisted stock corporations with virtual general meetings in 2021

Last year the legislator created the (temporary) possibility of a purely virtual Annual General Meeting with the so-called COVID-19 Act of which the stock corporations have already made active use in the past year. These regulations were only recently extended by ordinance until the end of 2021. In practice, however, the COVID-19 Act repeatedly raises unresolved legal issues. One of these legal questions recently had to be answered by the Cologne Regional Court.