Reception of the ''Limited liability company (GmbH)''
Book Details
Format
Hardback or Cased Book
Book Series
Legal Area Studies
ISBN-10
3205218868
ISBN-13
9783205218869
Publisher
Bohlau Verlag
Imprint
Bohlau Verlag
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Dec 4th, 2023
Print length
284 Pages
Weight
593 grams
Dimensions
23.50 x 16.00 x 2.40 cms
Ksh 9,650.00
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The path of the GmbH to becoming Europe''s most important corporate form
The limited liability company (GmbH) was created by the German legislature in 1892 as a company form without any historical forerunners or suggestions from comparative law. It brought about a readjustment of the relationship between the chance of profit and the liability risk. However, criticism from the jurisprudence that had not been included in the quick legislative process was also heard from the start. As early as 1892, Levin Goldschmidt expressed concern that the GmbH would replace ‘principally more solid forms of company’. However, this criticism did not prevent the company form of the GmbH from being adopted in numerous European countries, or at least seriously considering its reception.
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