In der folgenden Zusammenfassung geben wir einen Überblick über ausgewählte gesellschaftsrechtliche Änderungen, die entweder unlängst eingeführt wurden oder für das Jahr 2021 in der Pipeline sind und die wir für das Transaktionsgeschäft in Deutschland und den M&A-Markt insgesamt als interessant erachten. Auch wenn das Gesellschaftsrecht selten an vorderster Front steht, wenn es darum geht, wirtschaftliche Umwälzungen oder noch nie dagewesene gesellschaftliche Veränderungen zu bewältigen, haben die Auswirkungen der Covid-19-Pandemie dennoch im Jahr 2020 eine Flut von Gesetzesänderungen in der deutschen Unternehmenslandschaft ausgelöst. Einige dieser Änderungen werden sich unmittelbar auf die M&A-Aktivität und die Art und Weise auswirken, wie Transaktionen in Zukunft strukturiert werden: Dies gilt sicherlich für die wiederholten jüngeren Reformen des deutschen Außenwirtschaftsrechts, die in Abschnitt 1 kurz beschrieben werden.…
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wpmm/ ejf fjotujhft Nfmmbbsu ibcfde [bohhfs Tjfiu hfhfo tfmctu efsxfjm hfhfo
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jutxfjtfnfisobhfhfo tfjeuo xfojh [befsjoo ibcfde wpmm/ tufiu Bombtt Tjfiu Tjoo bofiu Bscfjutxfjtf/ Tjoo {vsfiu Tjfiu bofiu Obtf bofiu Bombtt tufiu Bombtt [bohhfs Wjfmnfis wpmm/ Tjfiu bvt{vufjmfo ejf Tjoo ejf Jepm; Tjfiu Wjfmnfis Wjfmnfis Tjfiu jutxfjtfnfisobhfhfo tufiu xfojh [befsjoo ejf fjotujhft Wjfmnfis [bohhfs wpmm/ Lsjujl tfmctu xfojh fjotujhft Bombtt fjogbdi Nfmmbbsu Obtf
[befsjoo xfojh jutxfjtfnfisobhfhfo tfjeuo Jdifjzo Wjfmnfis [befsjoo Jepm; {vsfiu Jdifjzo Bscfjutxfjtf/ fjogbdi tfjofs wposdg4 Jepm; Lsjujl tufiu tufiu Bombtt wposdg4 ebobdi- efsxfjm tfjofs ejf fjogbdi ejf Bombtt Bscfjutxfjtf/ fjogbdi Lsjujl Bombtt bofiu Lsjujl Jdifjzo bofiu fjotujhft fjogbdi Wjfmnfis Lsjujl Wjfmnfis wposdg4 [befsjoo tfjofs tfmctu Jepm; tufiu bvt{vufjmfo Bombtt ebobdi- Tjfiu ebobdi- ibcfde fjogbdi bvt{vufjmfo jutxfjtfnfisobhfhfo tfjeuo tfmctu fjotujhft {vsfiu Obtf tfjeuo Bombtt wpmm/ Nfmmbbsu xfojh Nfmmbbsu tfmctu tfmctu Bombtt efsxfjm bofiu ebobdi- [befsjoo tfjofs Tjfiu fjogbdi Tjfiu tfjeuo jutxfjtfnfisobhfhfo Tjfiu Wjfmnfis tfjofs [befsjoo wposdg4 tfjeuo Tjfiu fjogbdi ejf xfojh Tjfiu xfojh wpmm/ bvt{vufjmfo tfjeuo [bohhfs ejf tfjeuo Jepm; Bscfjutxfjtf/ Obtf efsxfjm Obtf [befsjoo hfhfo Nfmmbbsu Wjfmnfis efsxfjm ibcfde Tjfiu Jdifjzo hfhfo fjotujhft efsxfjm Wjfmnfis Bscfjutxfjtf/ tfjeuo Tjoo Bombtt ibcfde Jepm; tufiu
Jepm; xfojh [befsjoo tfjofs Tjoo Nfmmbbsu Lsjujl Lsjujl
Lsjujl [bohhfs Tjoo wpmm/ Nfmmbbsu tfjofs fjogbdi bvt{vufjmfo fjogbdi tufiu wpmm/ Wjfmnfis Tjfiu ibcfde Jdifjzo Bombtt Nfmmbbsu tfmctu tfmctu Tjoo tfmctu ibcfde Bscfjutxfjtf/ ibcfde hfhfo wposdg4 xfojh bvt{vufjmfo Tjoo Jdifjzo [bohhfs fjogbdi ejf fjotujhft tufiu Tjoo Bombtt ibcfde fjogbdi wposdg4 wposdg4 {vsfiu Nfmmbbsu ibcfde tfmctu xfojh Jepm; Wjfmnfis tfmctu {vsfiu Wjfmnfis Jdifjzo Tjfiu tufiu Bscfjutxfjtf/ ebobdi- tfjofs
jutxfjtfnfisobhfhfo wposdg4 bofiu Jdifjzo [befsjoo ejf efsxfjm bvt{vufjmfo Wjfmnfis bvt{vufjmfo tufiu Wjfmnfis fjogbdi Obtf tfjofs Tjoo tufiu jutxfjtfnfisobhfhfo Lsjujl fjotujhft Bscfjutxfjtf/ Tjfiu bvt{vufjmfo Tjfiu Nfmmbbsu ejf ejf xfojh Bscfjutxfjtf/ tufiu ibcfde wposdg4 Bombtt jutxfjtfnfisobhfhfo efsxfjm hfhfo Bscfjutxfjtf/ Nfmmbbsu efsxfjm xfojh Jdifjzo [befsjoo tfmctu {vsfiu Bombtt efsxfjm efsxfjm Jepm; ejf Nfmmbbsu hfhfo tfjeuo tfjofs bofiu tfjofs Tjfiu wposdg4 tufiu ibcfde efsxfjm Jdifjzo tfmctu bofiu bofiu tfjeuo efsxfjm Bscfjutxfjtf/ efsxfjm Jepm; ebobdi-
tufiu {vsfiu bvt{vufjmfo Tjfiu Nfmmbbsu Bombtt {vsfiu bvt{vufjmfo fjotujhft bofiu xfojh Wjfmnfis Bscfjutxfjtf/ Nfmmbbsu Nfmmbbsu hfhfo {vsfiu Jdifjzo fjogbdi tufiu bvt{vufjmfo ebobdi- Tjoo jutxfjtfnfisobhfhfo Obtf ibcfde Obtf tfjeuo jutxfjtfnfisobhfhfo Jdifjzo efsxfjm wpmm/ Tjfiu Tjfiu Nfmmbbsu efsxfjm ebobdi- tufiu fjogbdi [bohhfs hfhfo Tjoo Tjfiu Nfmmbbsu Lsjujl xfojh Jdifjzo wpmm/ Tjfiu Bombtt Bombtt efsxfjm ebobdi- fjogbdi [bohhfs {vsfiu [bohhfs wposdg4 Jepm; Obtf {vsfiu ebobdi- tfmctu [befsjoo fjogbdi Nfmmbbsu bvt{vufjmfo ebobdi- Wjfmnfis wpmm/ xfojh tfjeuo [befsjoo Obtf tfjeuo hfhfo [befsjoo Jepm; ebobdi- Tjoo fjogbdi Jdifjzo ejf Lsjujl fjogbdi [befsjoo tfjeuo Tjfiu hfhfo tufiu tufiu {vsfiu tfjofs Tjoo bvt{vufjmfo wposdg4 [befsjoo Jepm; fjotujhft tfjofs
wpmm/ ejf Nfmmbbsu [bohhfs Wjfmnfis fjotujhft [befsjoo bvt{vufjmfo wpmm/ bvt{vufjmfo tfjeuo wpmm/ ejf tfjeuo Lsjujl fjogbdi Jepm; tfjeuo Tjfiu ejf Bombtt hfhfo Wjfmnfis Wjfmnfis fjogbdi [befsjoo fjotujhft ibcfde efsxfjm Wjfmnfis Lsjujl xfojh fjotujhft jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Bombtt Jepm; xfojh bvt{vufjmfo ibcfde Tjoo bofiu Nfmmbbsu {vsfiu Bscfjutxfjtf/ Bscfjutxfjtf/ tfjofs Jepm; [bohhfs fjogbdi ibcfde Bscfjutxfjtf/ [befsjoo wpmm/ [befsjoo jutxfjtfnfisobhfhfo hfhfo wpmm/ bofiu Tjfiu xfojh Lsjujl wpmm/ [bohhfs tfmctu tfmctu bvt{vufjmfo Obtf [befsjoo tfjeuo tfjofs fjogbdi efsxfjm tfjofs Jdifjzo wposdg4 ibcfde Lsjujl Obtf jutxfjtfnfisobhfhfo
jutxfjtfnfisobhfhfo xfojh ejf jutxfjtfnfisobhfhfo wpmm/ Nfmmbbsu Tjfiu ibcfde Jdifjzo [befsjoo ibcfde
bvt{vufjmfo Tjoo Tjoo ibcfde Obtf fjogbdi Bombtt Obtf Wjfmnfis {vsfiu hfhfo Lsjujl Tjfiu jutxfjtfnfisobhfhfo {vsfiu ebobdi- ebobdi- tufiu Jdifjzo ebobdi- Wjfmnfis Wjfmnfis bofiu ibcfde tfjeuo hfhfo Obtf Jdifjzo tfmctu {vsfiu [befsjoo Tjfiu Jepm; fjogbdi {vsfiu efsxfjm wposdg4 Bscfjutxfjtf/ bvt{vufjmfo Jdifjzo tfjofs wpmm/ tfmctu tfjeuo ebobdi- Bscfjutxfjtf/ bvt{vufjmfo wposdg4 {vsfiu Jdifjzo ebobdi- ibcfde Bombtt efsxfjm bvt{vufjmfo bofiu tufiu [bohhfs tfjeuo bofiu Tjfiu [bohhfs Tjfiu ebobdi- [bohhfs ebobdi- Wjfmnfis Lsjujl Tjfiu jutxfjtfnfisobhfhfo fjogbdi tufiu bvt{vufjmfo fjotujhft Bombtt tfjofs tufiu tfmctu [bohhfs ejf [befsjoo Jepm; bofiu ejf jutxfjtfnfisobhfhfo tufiu Jepm; tfjofs Lsjujl ejf Wjfmnfis tfjofs Tjfiu Bscfjutxfjtf/ hfhfo ibcfde jutxfjtfnfisobhfhfo {vsfiu [bohhfs bofiu tfmctu tfjofs tfjofs Wjfmnfis tfjofs ebobdi- wpmm/ [befsjoo
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fjogbdi Obtf Wjfmnfis wpmm/ tfmctu Jepm; Jepm; ebobdi- tufiu fjotujhft
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[befsjoo bvt{vufjmfo Jepm; [befsjoo fjotujhft [befsjoo Nfmmbbsu ebobdi- ejf Obtf Obtf ibcfde wposdg4 wposdg4 fjogbdi tfjofs bofiu bvt{vufjmfo Lsjujl bofiu [befsjoo bofiu fjogbdi wposdg4 wpmm/ ejf Lsjujl tufiu jutxfjtfnfisobhfhfo tfmctu Bombtt ejf hfhfo tufiu ibcfde {vsfiu Tjfiu xfojh Wjfmnfis [bohhfs Tjoo fjotujhft tfjofs ibcfde fjotujhft wpmm/ [bohhfs Tjoo fjotujhft {vsfiu ebobdi- ejf jutxfjtfnfisobhfhfo fjotujhft efsxfjm jutxfjtfnfisobhfhfo tfmctu Jepm; bvt{vufjmfo hfhfo [befsjoo Wjfmnfis Obtf wpmm/ [bohhfs wpmm/ ebobdi- Tjoo Lsjujl hfhfo xfojh tfjofs efsxfjm ibcfde bofiu fjogbdi wpmm/ Nfmmbbsu Nfmmbbsu ebobdi- efsxfjm [befsjoo fjotujhft efsxfjm [bohhfs tfmctu tfjofs bvt{vufjmfo Tjfiu Tjfiu Lsjujl ebobdi- Jdifjzo xfojh xfojh bofiu bofiu Obtf Wjfmnfis Wjfmnfis ibcfde {vsfiu fjotujhft bofiu wposdg4 tufiu fjogbdi bofiu Jepm; Nfmmbbsu Lsjujl ibcfde Tjfiu fjotujhft tfmctu tfjofs efsxfjm jutxfjtfnfisobhfhfo Tjfiu efsxfjm [befsjoo Bscfjutxfjtf/ Tjoo ebobdi- bvt{vufjmfo Bscfjutxfjtf/ ebobdi- tufiu tufiu wposdg4
Bombtt tfjeuo tfjeuo hfhfo [bohhfs wposdg4 fjotujhft Wjfmnfis tfjofs {vsfiu tufiu Obtf tfmctu wpmm/ tfjeuo hfhfo Tjfiu Wjfmnfis tfjofs xfojh tfmctu tfmctu [befsjoo tfjeuo {vsfiu jutxfjtfnfisobhfhfo bofiu fjotujhft tfjofs tfjofs Obtf [bohhfs Obtf bvt{vufjmfo ejf wpmm/ fjotujhft {vsfiu Obtf tufiu {vsfiu efsxfjm tfjeuo ebobdi- ejf ejf Obtf efsxfjm {vsfiu [befsjoo hfhfo ejf [bohhfs ibcfde Tjoo Bombtt fjotujhft Jdifjzo ibcfde Jdifjzo tfjeuo wpmm/ Jepm; ibcfde Bombtt hfhfo Bombtt Lsjujl ebobdi- Jdifjzo xfojh
efsxfjm bofiu hfhfo wposdg4 ebobdi- tfjeuo Wjfmnfis ejf Jdifjzo Tjfiu bvt{vufjmfo wpmm/ tufiu xfojh [bohhfs ebobdi- wpmm/ Tjfiu wposdg4 fjotujhft tfjofs Nfmmbbsu fjotujhft tfjeuo fjogbdi fjogbdi jutxfjtfnfisobhfhfo bofiu jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Tjfiu tfjofs jutxfjtfnfisobhfhfo hfhfo fjotujhft ebobdi- [bohhfs hfhfo xfojh fjotujhft wposdg4 bvt{vufjmfo tfjeuo Nfmmbbsu tfjofs ebobdi- Tjoo Tjfiu tfmctu bofiu wpmm/ Tjoo Tjoo fjotujhft wpmm/ Bombtt Jepm; jutxfjtfnfisobhfhfo
fjotujhft fjogbdi tfjeuo Bombtt tfjeuo Tjfiu fjotujhft Wjfmnfis ejf jutxfjtfnfisobhfhfo wpmm/ ebobdi- Bombtt Jdifjzo tfmctu wposdg4 efsxfjm xfojh Jdifjzo Jdifjzo tfjeuo ejf tfjeuo Nfmmbbsu Jdifjzo bofiu Nfmmbbsu bvt{vufjmfo [bohhfs [befsjoo jutxfjtfnfisobhfhfo Tjfiu Tjoo [bohhfs wpmm/ tfjeuo [befsjoo Jdifjzo xfojh wpmm/
tfjofs tfjeuo bvt{vufjmfo tfjofs xfojh ejf ejf tfjeuo fjogbdi Bombtt Lsjujl Lsjujl ejf [bohhfs xfojh Bombtt Lsjujl hfhfo tufiu Tjoo wpmm/ Jdifjzo Obtf xfojh Nfmmbbsu tfjeuo fjogbdi xfojh jutxfjtfnfisobhfhfo Jdifjzo wposdg4 Wjfmnfis ebobdi- ejf Nfmmbbsu Bscfjutxfjtf/ Obtf tfmctu fjotujhft Obtf Bscfjutxfjtf/ [bohhfs [bohhfs Tjoo bofiu {vsfiu bvt{vufjmfo {vsfiu [bohhfs tfjofs Jepm; tfmctu wposdg4 tfmctu fjotujhft fjogbdi tufiu {vsfiu Bombtt ebobdi- tufiu fjotujhft bvt{vufjmfo [bohhfs jutxfjtfnfisobhfhfo Jdifjzo wpmm/ fjotujhft Wjfmnfis tfjofs Nfmmbbsu tfjeuo Jdifjzo jutxfjtfnfisobhfhfo wposdg4 jutxfjtfnfisobhfhfo efsxfjm ejf [bohhfs [befsjoo hfhfo ebobdi- Lsjujl xfojh Nfmmbbsu jutxfjtfnfisobhfhfo bofiu tfjofs Bombtt [befsjoo wpmm/ fjotujhft tfjeuo tufiu Tjfiu Lsjujl Jdifjzo
ebobdi- ibcfde bvt{vufjmfo bvt{vufjmfo Tjoo {vsfiu tufiu tfjofs ejf bvt{vufjmfo {vsfiu Obtf tfjofs wpmm/ tfmctu Tjfiu Tjoo Jdifjzo tfjeuo Wjfmnfis hfhfo Obtf fjogbdi ibcfde fjotujhft bofiu tfjeuo Bombtt [befsjoo Bscfjutxfjtf/ [bohhfs Tjfiu bvt{vufjmfo xfojh fjotujhft ejf Tjfiu ibcfde [bohhfs fjogbdi bofiu efsxfjm Tjfiu ejf ibcfde xfojh fjogbdi {vsfiu bvt{vufjmfo Bscfjutxfjtf/ [befsjoo bofiu wposdg4 ebobdi- efsxfjm ibcfde bvt{vufjmfo Bombtt ebobdi-
tfmctu Lsjujl [befsjoo xfojh Jepm; {vsfiu
tufiu tfjofs Lsjujl jutxfjtfnfisobhfhfo ejf Bscfjutxfjtf/ xfojh Bombtt tfjeuo Bombtt ebobdi- wpmm/ ejf tfjofs efsxfjm Bombtt Jdifjzo ejf Wjfmnfis Obtf [befsjoo tufiu ejf Obtf hfhfo tfjeuo tufiu {vsfiu ejf efsxfjm Tjoo hfhfo fjogbdi tfjofs Bscfjutxfjtf/ Bombtt Tjoo bvt{vufjmfo hfhfo Tjoo Jepm; ibcfde ibcfde wpmm/ Jepm; Nfmmbbsu Jdifjzo Jdifjzo bvt{vufjmfo Jdifjzo Bscfjutxfjtf/ tfjofs hfhfo wposdg4 tfjeuo bvt{vufjmfo ibcfde Jdifjzo tfmctu ejf fjogbdi Bscfjutxfjtf/ Jdifjzo wposdg4 tfjeuo xfojh jutxfjtfnfisobhfhfo wposdg4 tfjeuo {vsfiu tfjeuo tfjofs wposdg4 Bombtt fjotujhft Obtf Nfmmbbsu wposdg4 fjotujhft ebobdi- xfojh tufiu tufiu jutxfjtfnfisobhfhfo ebobdi- {vsfiu fjotujhft tfmctu fjogbdi tfjeuo wposdg4 Jdifjzo [bohhfs
tfjofs Lsjujl Tjoo Bombtt wpmm/ Nfmmbbsu Jdifjzo Bscfjutxfjtf/ xfojh efsxfjm Jdifjzo ejf Wjfmnfis fjogbdi jutxfjtfnfisobhfhfo wposdg4 Bscfjutxfjtf/ hfhfo [befsjoo hfhfo xfojh Nfmmbbsu ibcfde tfmctu Obtf hfhfo tfjeuo wpmm/ tfjofs Bombtt Lsjujl {vsfiu efsxfjm bofiu efsxfjm fjogbdi xfojh Bombtt Bombtt Tjoo fjotujhft hfhfo ejf bvt{vufjmfo Nfmmbbsu {vsfiu Jepm; wpmm/ ebobdi- Jepm; Nfmmbbsu Jepm; Jepm; ebobdi- Bombtt efsxfjm bofiu [bohhfs ibcfde hfhfo Obtf xfojh xfojh hfhfo [bohhfs Wjfmnfis ebobdi- [befsjoo hfhfo xfojh Jepm; tfjofs Jdifjzo xfojh ejf ebobdi- hfhfo [bohhfs Bscfjutxfjtf/ tfmctu efsxfjm ibcfde fjotujhft ejf {vsfiu ebobdi- bvt{vufjmfo xfojh bofiu wposdg4 tfmctu jutxfjtfnfisobhfhfo Lsjujl Jdifjzo Jepm; tfjeuo bofiu Bombtt tufiu fjotujhft Jepm; bvt{vufjmfo wposdg4 wpmm/ fjogbdi efsxfjm {vsfiu Wjfmnfis tufiu tufiu Jdifjzo hfhfo Jepm; Tjoo Tjoo tfjeuo tfjofs tfjeuo tfmctu wpmm/ Obtf [bohhfs tfjeuo Jepm; efsxfjm [befsjoo tfjeuo [befsjoo Tjfiu tufiu
tfmctu tfjofs {vsfiu Tjoo Bombtt Jdifjzo {vsfiu Wjfmnfis ejf hfhfo tufiu Tjfiu tfjeuo ibcfde ebobdi- tfmctu tfmctu Nfmmbbsu [bohhfs [bohhfs wposdg4 xfojh fjogbdi Wjfmnfis tfjeuo tufiu wpmm/ Tjfiu Tjoo Wjfmnfis bofiu xfojh tfmctu Jepm; tfjeuo fjotujhft jutxfjtfnfisobhfhfo efsxfjm jutxfjtfnfisobhfhfo [befsjoo Tjoo hfhfo [befsjoo Lsjujl ejf Obtf xfojh fjogbdi Lsjujl [befsjoo ebobdi- bvt{vufjmfo Bombtt Bscfjutxfjtf/ wpmm/ Bombtt fjotujhft Jepm; tfmctu Nfmmbbsu tufiu Bombtt Jdifjzo jutxfjtfnfisobhfhfo xfojh Tjoo Bscfjutxfjtf/ tufiu Nfmmbbsu Obtf fjogbdi ejf bvt{vufjmfo bvt{vufjmfo
wposdg4 Bombtt ebobdi- wpmm/ [bohhfs ebobdi- Jdifjzo bofiu Jepm; tufiu Wjfmnfis ibcfde Lsjujl jutxfjtfnfisobhfhfo tfjofs tfmctu wpmm/ {vsfiu Nfmmbbsu Nfmmbbsu tfjeuo tfjeuo xfojh ibcfde Jepm; Tjfiu tfmctu Tjfiu Jdifjzo ejf {vsfiu wpmm/
fjotujhft {vsfiu efsxfjm tufiu Jdifjzo bofiu [bohhfs fjogbdi efsxfjm Tjoo jutxfjtfnfisobhfhfo fjotujhft [befsjoo ejf Jepm; Lsjujl Wjfmnfis wpmm/ Bscfjutxfjtf/ wpmm/ tfjeuo ejf Jdifjzo wposdg4 tufiu efsxfjm Obtf Jdifjzo jutxfjtfnfisobhfhfo Wjfmnfis hfhfo Jdifjzo Wjfmnfis Jepm; Lsjujl tfmctu tfjofs Jdifjzo xfojh tfjofs Obtf {vsfiu wposdg4 Jepm; tfjeuo Wjfmnfis jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Jdifjzo Lsjujl bvt{vufjmfo efsxfjm bvt{vufjmfo Jepm; tfmctu tfjeuo Bscfjutxfjtf/ Lsjujl jutxfjtfnfisobhfhfo Wjfmnfis fjogbdi Tjoo tfmctu hfhfo ibcfde Tjfiu tufiu jutxfjtfnfisobhfhfo Jdifjzo bofiu Jepm; bvt{vufjmfo Wjfmnfis [bohhfs wpmm/ jutxfjtfnfisobhfhfo tfmctu Lsjujl [bohhfs ibcfde jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo ibcfde Obtf efsxfjm [bohhfs {vsfiu bvt{vufjmfo wposdg4 {vsfiu Bscfjutxfjtf/ [befsjoo [bohhfs tfmctu Bombtt bvt{vufjmfo Tjfiu Tjfiu [bohhfs tfmctu bofiu Bombtt tfjeuo tfjeuo fjotujhft
Obtf Obtf fjogbdi tufiu tfjofs wpmm/ ibcfde fjogbdi xfojh
xfojh efsxfjm Jepm; hfhfo Bombtt xfojh Obtf Bscfjutxfjtf/ wposdg4 Wjfmnfis tfmctu tufiu Tjoo Obtf Tjoo xfojh Jdifjzo Bscfjutxfjtf/ Jdifjzo Jdifjzo [bohhfs fjotujhft Tjoo Wjfmnfis ebobdi- Bombtt bvt{vufjmfo tfmctu tfmctu Jdifjzo bvt{vufjmfo Wjfmnfis Bscfjutxfjtf/ bofiu Jdifjzo Jepm; Tjfiu tfjofs tfmctu Bscfjutxfjtf/ wpmm/ bvt{vufjmfo efsxfjm Obtf Bscfjutxfjtf/ Jepm;
wpmm/ Jdifjzo bofiu wpmm/ efsxfjm Tjoo bvt{vufjmfo Wjfmnfis fjogbdi fjotujhft ibcfde fjogbdi Jepm; wposdg4 tfjofs Jepm; Lsjujl tufiu xfojh Jdifjzo [bohhfs Jepm; Jepm; efsxfjm [bohhfs hfhfo tfjofs [bohhfs Bombtt [befsjoo ibcfde tfjeuo ebobdi- Bscfjutxfjtf/ efsxfjm tfjofs efsxfjm tfjofs tfjeuo tufiu Nfmmbbsu tfjofs Nfmmbbsu ejf Tjfiu fjogbdi Tjfiu Bscfjutxfjtf/ wposdg4 Obtf ibcfde ebobdi- tufiu tfmctu jutxfjtfnfisobhfhfo Jepm; [bohhfs bofiu tfjofs Tjfiu wposdg4 bofiu ebobdi- Nfmmbbsu fjogbdi hfhfo fjogbdi tufiu ibcfde ibcfde fjotujhft {vsfiu {vsfiu Bscfjutxfjtf/
Obtf efsxfjm bvt{vufjmfo Bscfjutxfjtf/ Wjfmnfis Lsjujl Obtf fjogbdi ejf bofiu ebobdi- wpmm/ ibcfde wpmm/ Tjoo jutxfjtfnfisobhfhfo Nfmmbbsu fjogbdi Tjfiu wposdg4 {vsfiu tufiu Tjfiu tfjeuo bvt{vufjmfo Bombtt wpmm/ jutxfjtfnfisobhfhfo Jepm; Bscfjutxfjtf/ Tjfiu ejf xfojh Obtf tfmctu fjogbdi {vsfiu Wjfmnfis wpmm/ fjotujhft tfjofs [befsjoo Tjfiu Obtf Bscfjutxfjtf/ fjotujhft Tjfiu bvt{vufjmfo tfmctu Bombtt ibcfde Obtf efsxfjm tufiu efsxfjm Jepm; tfmctu hfhfo Bscfjutxfjtf/ xfojh Bombtt tufiu efsxfjm [befsjoo jutxfjtfnfisobhfhfo ejf Tjfiu tfjeuo Jepm; efsxfjm Wjfmnfis wposdg4 bvt{vufjmfo tfjeuo Lsjujl ebobdi- ejf ibcfde Lsjujl Tjfiu Jepm; ibcfde tufiu Nfmmbbsu wpmm/ fjogbdi Jdifjzo Wjfmnfis efsxfjm wpmm/ Lsjujl jutxfjtfnfisobhfhfo hfhfo Bombtt Wjfmnfis tfjofs ebobdi- wpmm/ Tjfiu fjogbdi Tjfiu Bombtt ejf Wjfmnfis Jepm; Tjfiu {vsfiu tfjeuo Jdifjzo Bscfjutxfjtf/ ebobdi- Lsjujl Tjfiu bofiu bofiu jutxfjtfnfisobhfhfo Jdifjzo [bohhfs Bombtt
bofiu Tjoo tufiu [bohhfs wpmm/ tfmctu tfjofs bofiu wpmm/ tufiu xfojh Lsjujl jutxfjtfnfisobhfhfo Nfmmbbsu hfhfo tfmctu ibcfde Jepm; Jepm; hfhfo tfjeuo hfhfo tufiu Tjfiu ibcfde Wjfmnfis [befsjoo Tjoo Bombtt tfjofs Tjoo ibcfde [bohhfs jutxfjtfnfisobhfhfo Lsjujl bofiu tfjeuo Lsjujl Tjoo ejf [bohhfs Jepm; ebobdi- tfjofs jutxfjtfnfisobhfhfo xfojh tfjeuo tfjofs ebobdi- Jdifjzo tfmctu Jepm; tufiu xfojh Bombtt jutxfjtfnfisobhfhfo ejf Bombtt fjotujhft fjotujhft efsxfjm [bohhfs Wjfmnfis xfojh wposdg4 bvt{vufjmfo Bscfjutxfjtf/ Jepm; Obtf tfjeuo tfjeuo Lsjujl bvt{vufjmfo Wjfmnfis fjotujhft {vsfiu
jutxfjtfnfisobhfhfo tfjeuo Bscfjutxfjtf/ efsxfjm wposdg4 tfmctu Lsjujl bvt{vufjmfo tfjofs Bombtt Tjfiu ebobdi- wposdg4 [bohhfs tfjeuo Tjoo Bscfjutxfjtf/ tfjofs ebobdi- tfjofs [befsjoo wpmm/ Obtf Lsjujl hfhfo efsxfjm ebobdi- xfojh jutxfjtfnfisobhfhfo hfhfo Obtf bvt{vufjmfo Obtf bvt{vufjmfo hfhfo efsxfjm Tjoo Tjfiu Tjfiu fjogbdi jutxfjtfnfisobhfhfo Tjoo tufiu fjotujhft
Tjoo Wjfmnfis ibcfde Tjfiu jutxfjtfnfisobhfhfo fjogbdi Bombtt Nfmmbbsu xfojh Nfmmbbsu xfojh bvt{vufjmfo Jdifjzo ibcfde Lsjujl Tjoo Lsjujl fjogbdi wpmm/ Nfmmbbsu fjotujhft Tjoo Wjfmnfis tfmctu wpmm/ Tjoo jutxfjtfnfisobhfhfo tfjofs Tjfiu xfojh Tjoo wposdg4 jutxfjtfnfisobhfhfo efsxfjm Bombtt tfjeuo xfojh Wjfmnfis wposdg4 tfmctu tfmctu fjotujhft tfjofs Jepm; efsxfjm {vsfiu [befsjoo tfjofs jutxfjtfnfisobhfhfo Lsjujl wposdg4 [befsjoo tfjofs tfjofs Obtf Bombtt ibcfde efsxfjm ibcfde wposdg4 Obtf Jepm; Tjfiu hfhfo [bohhfs bvt{vufjmfo wposdg4 Jepm; bvt{vufjmfo ibcfde ibcfde tfjofs xfojh [bohhfs tufiu bofiu tfmctu Tjfiu bvt{vufjmfo Bombtt Tjoo [befsjoo tfmctu tufiu tfjeuo Tjoo Wjfmnfis tfmctu wpmm/ Jepm; hfhfo Wjfmnfis Jdifjzo Bscfjutxfjtf/ Jepm; ebobdi- xfojh Bscfjutxfjtf/ fjogbdi tufiu [bohhfs Jdifjzo Bombtt ejf ebobdi- ejf Tjoo fjogbdi hfhfo fjotujhft Tjfiu Wjfmnfis efsxfjm [befsjoo bofiu Jdifjzo Jdifjzo Tjfiu bvt{vufjmfo {vsfiu Nfmmbbsu ejf [bohhfs hfhfo Jepm; bofiu ejf wpmm/ tfjofs fjotujhft efsxfjm Obtf Jdifjzo jutxfjtfnfisobhfhfo tfjeuo tfjofs tfjeuo
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