Cleary Gottlieb partner Michael Ulmer authored the “Germany” chapter in The Shareholder Rights and Activism Review, ed. 7, published by The Law Reviews.
The chapter begins with, “Shareholder activism has come to Germany and is here to stay. Only a few years ago, German managers perceived shareholder activism as a feature of the U.S. and, to a certain extent, the UK market. Germany, they thought, was not interesting enough for activists they had heard of only in the international media, if at all. Further, the German market was understood to be sheltered from such inconvenience.”
Read the chapter and learn more about the full publication here.