General Meeting may decide on dividend payments even in the second half of the year

The Supreme Court has ruled in its decision file no. 27 Cdo 3885/2017 from 29 March 2019 that ordinary financial statements for the respective financial year may be used for the decision of the General Meeting on dividend payment until the end of the following financial year. The General Meeting can thus decide on dividend payments even later than 6 months after the end of the previous financial year. This decision confirms certain legal opinions published recently and represents a change of the previous precedent of the Supreme Court.