On Friday, 17 November 2023, the Bundestag (German Federal Parliament) passed the “Act on Financing of Future Investments” (Financing the Future Act – ZuFinG). One of the aims of this act is to make it much easier for young and fast-growing companies to raise equity capital and access the capital market. To this end, lawmakers enabled extensive amendments and changes to the company, capital market, and tax law. The legal form of public limited companies (AG and Societas Europaea -SE- with registered office in Germany) is to be strengthened by, among other things, the (re-) authorization of multi-voting shares and the promotion of employee share ownership to be expanded.
