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Digitalization and Corporate Law – A View from Germany
European Company and Financial Law Review ( IF 1.3 ) Pub Date : 2019-05-08 , DOI: 10.1515/ecfr-2019-0009
Gerald Spindler

Digitalization revolutionizes all legal areas, including corporate law. The article deals with different impacts of digitalization on communication schemes in corporations, such as virtual general assemblies or communication patterns in board of directors, also encompassing communication with third parties, namely investors. The legal framework for these communication patterns refer not only to corporate but also to media regulations, data protections, as well as capital market law. Digitalization also has an impact on liability of directors: As Big Data and new algorithms improve the information base for decision making of directors they are at the same time obliged to make use of it. On the other hand, IT-security has become one of the main tasks for directors as digitalization of all work flows in enterprises requires necessary IT-security standards in order to avoid existential risks in case of attacks. Furthermore, Blockchain as a new technology enables the secure identification of all kind of transactions, including automatized contracts (so-called smart contracts) which could enhance procedures in corporations. New problems arise concerning the use of Blockchain as an investment form such as DAO Ethereum. Finally, the phenomenon of close cooperation between different partners by using digital work flows and semi-intelligent agents (so-called industry 4.0) is discussed.

中文翻译:

数字化与公司法–德国的观点

数字化彻底改变了包括公司法在内的所有法律领域。本文讨论了数字化对公司沟通计划的不同影响,例如虚拟大会或董事会中的沟通方式,还包括与第三方(即投资者)的沟通。这些沟通方式的法律框架不仅涉及公司,还涉及媒体法规,数据保护以及资本市场法。数字化也对董事的责任产生影响:随着大数据和新算法改善了董事决策的信息基础,他们必须同时使用它。另一方面,IT安全已成为董事的主要任务之一,因为企业中所有工作流程的数字化都需要必要的IT安全标准,以便避免遭受攻击时存在的风险。此外,作为一种新技术的区块链可以安全地识别所有类型的交易,包括可以增强公司程序的自动化合同(所谓的智能合约)。关于使用区块链作为DAO以太坊等投资形式的新问题出现了。最后,讨论了通过使用数字工作流程和半智能代理,不同合作伙伴之间的紧密合作现象(所谓的工业4.0)。包括可以增强公司程序的自动化合同(所谓的智能合同)。关于使用区块链作为DAO以太坊等投资形式的新问题出现了。最后,讨论了通过使用数字工作流程和半智能代理,不同合作伙伴之间的紧密合作现象(所谓的工业4.0)。包括可以增强公司程序的自动化合同(所谓的智能合同)。关于使用区块链作为DAO以太坊等投资形式的新问题出现了。最后,讨论了通过使用数字工作流程和半智能代理,不同合作伙伴之间的紧密合作现象(所谓的工业4.0)。
更新日期:2019-05-08
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