Corporate Law

Financing for the Future Act - Significant Changes (also) to German Corporate Law

Written by

Georg Haas

David Santa

On 14 December 2023, the German Financing for the Future Act (Zukunftsfinanzierungsgesetz, ZuFinG) went into force. The law aims at promoting corporate financing via capital markets and making shares more attractive to the public.

The ZuFinG is primarily intended to help start-ups, high-growth companies and small and medium-sized enterprises (SMEs) to access capital markets and equity capital more easily. To this end, it contains numerous new features and changes to German stock corporation law, capital markets law, and tax law, which apply not only to the aforementioned types of companies, but to all companies. The ZuFinG thus expands structuring options in stock corporation law in general.

You can read the full article in English here.