Higher Regional Court of Schleswig (order of 28 November 2025): The register court is merely the custodian of the shareholder list; responsibility for its substantive accuracy lies with those who file it.

Only those entered in the list of shareholders are deemed shareholders vis-à-vis the GmbH – an incorrect list can effectively hollow out the shareholder position.

Information filed beyond what is required, such as private addresses, remains permanently public – subsequent deletion or redaction is not possible.