A vote cast contrary to a voting commitment is valid, even if all shareholders e…
Today, 25 March 2020, the Bundestag (German Federal Parliament) adopted the draft bill proposed by the parliamentary groups of the Christian Democratic Union (CDU/CSU) and the Social Democratic Party (SPD) for the Mitigation of the Consequences of the COVID-19 Pandemic in Civil, Insolvency and Criminal Proceedings Law with the votes of almost all parliamentary groups. You can find the respective notification including detailed explanations by the Bundestag here: Link. The adopted draft bill (BT-Drs. 19/18110) can be reached via the following: Link.
On first sight, the draft bill adopted today largely corresponds to the government draft published on 23 March 2020 (cf. the blog post: Federal Government Legislative Package to Mitigate the Effects of the COVID 19 Pandemic).
Now, the Act has to pass the Bundesrat (German Federal Council). This will happen in an extraordinary meeting on Friday.
