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- The Act Concerning Companies with Limited Liability or GmbHG is the company act that regulates limited liability companies in Germany1. The law aims to tackle deceptive and fraudulent business practices by simplifying the procedure for filing legal claims, removing the possibility of artificial and vexatious delays in insolvency proceedings, and imposing higher standards on those able to become managing directors of companies2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Limited liability companies in Germany are regulated by a company act called the Act Concerning Companies with Limited Liability or Gesetzbetreffend die GesellschaftenmitbeschränkterHaftung, in short GmbHG.www.companyformationgermany.com/the-compan…The new law tackles the issue of deceptive and fraudu-lent business practices in a number of ways. It simplifies the procedure for filing legal claims, removes the pos-sibility of artificial and vexatious delays in insolvency proceedings and imposes higher standards on those able to become managing directors of companies.www.squirepattonboggs.com/~/media/files/insights/…
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