German Reform Plans regarding Corporate Co-Determination for an SE

On December 7, 2021, the Social Democrats, the Greens (BÜNDNIS 90/DIE GRÜNEN) and the Free Democrats concluded the coalition agreement for the 20th legislative period of the German Parliament (2021 until 2025), in which they announced, inter alia, their intention to implement changes to corporate co-determination law to prevent the current practice seeking to avoid the applicability of corporate co-determination rights for employees by changing the company’s legal form into an SE (Societas Europaea).

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