Inadmissibility of Participation Certificates of Cooperative Banks

In their article, the authors are dedicated to the decision of the Federal Court on the inadmissibility of participation certificates as value investments in cooperative banks. The plans were initially approved by the Federal Administrative Court in its judgment of 13 June 2013, and were classified as unlawful by the Federal Court in spring 2014. In the opinion of the authors the decision of the Federal Court is problematic and is to reject in its practical implications.

The article (german) is available in the jusletter on

Peter Forstmoser / Franco Taisch / Tizian Troxler, Unzulässigkeit von
Beteiligungsscheinen bei Genossenschaften, in: Jusletter 14. Juli 2014

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