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Wednesday, December 1, 1993
Volume:
9
Issue:
12
486
Abstract:
On November 3, 1993, the German cabinet approved a law criminalizing insider trading with a potential punishment of up to five years in prison. The proposed law will establish a new watchdog to stop people with privileged information making money from it. The German Government believes the new law will comfort and provide more security to foreign investors contemplating investing in Germany. The new law is expected to take effect in the first half of 1994 after approval by Parliament. It is expected to help Germany become more attractive for foreign investors in the long term?[more]