Der Bund als Gesellschafter und Aktionär

Lufthansa, Uniper, and the Meyer Shipyard are just a few examples of companies in which the Federal Republic of Germany has acquired stakes in recent years. The increasing number of federal participations is primarily due to past crises, most recently the COVID-19 pandemic and the Russian invasion of Ukraine. This book examines § 65 of the Federal Budget Code (BHO) as the legal basis for federal participations and highlights key areas of conflict in budgetary, constitutional, and European law. The protection of free competition serves as a central evaluative criterion. Based on the findings of the analysis, the author concludes the paper by presenting a concrete proposal for reforming the provision.