Problems relating to Trade and Investment on Germany
23. Inefficient administrative procedures, regimes and practices |
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Issue |
Issue details |
Requests |
Reference |
| (1) Disclosure of Financial Statement | - Listed or unlisted, regardless, in each year, all registered enterprises in FRG submit to the court of competent Jurisdiction their financial statements (F/S), which are accessible to any person on the internet, not only in Germany, but world over. While access to the competitors' F/Ss is a merit, it has demerit of letting other competitors to access own F/S. | - It is requested that German courts will discontinue releasing F/S on unlisted enterprises. | |
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