this decision, according to which an agreement concluded by the shareholders, which limits them in the free exercise of their voting rights, is contrary to the law, since the shareholders can conclude a valid agreement and can effectively undertake to exercise the voting rights due to them on the basis of their shares in accordance with the contract. This does not go against the concept of a public limited company, the law or morality. the idea that the statement of reasons for the Curia`s decision that the so-called shareholders` consortium contract mentioned above is contrary to the concept of a public limited company and to the law is not correct; in fact, it is less important for the Curia to find that such a shareholder agreement is generally ineffective, although the underlying justification is not correct. The situation is that these partnership agreements deserve much more the name of the articles of association than the statutes in the economic sense of the term, so named by the German legal nomenclature. The consortium contract of the partners precedes or accompanies the creation of the public limited company. Without this, most public limited companies would not be created at all. But the high economic importance of shareholders` contracts does not stop at the creation of the public limited company either. .