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Antitrust Review Episode 65: In Conversation With Andreas Mundt
In the latest episode of Cleary Gottlieb’s Antitrust Review podcast, host Nick Levy is joined by Andreas Mundt, President of the German Federal Cartel Office. Their conversation covers a wide array of topics, including the objectives of competition law, the Draghi Report, merger control, antitrust enforcement, digital regulation, international cooperation, and much more. Listen below, or...
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Bach’s Coffee Cantata and Contracts as Relationship Design
Johann Sebastian Bach’s Coffee Cantata is not what most people expect from Bach. It’s not a Passion, a fugue, or solemn church music composed for performance under the vaulted ceilings of a centuries-old church. Nor was it written to be performed at the court of a wealthy patron. Instead, the Coffee Cantata is a comic,...
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New BaFin Consultation: Revised Draft of WpI-MaRisk Published
BaFin significantly revised its previously published draft WpI-MaRisk on risk management requirements for German investment firms, with a particular emphasis on the principle of proportionality. By Axel Schiemann and Lasse Winzer Key Points: On 8 May 2026, BaFin published a revised draft of its Circular 05/2026 on the Minimum Requirements for Risk Management at Investment...
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Knowledge Nuggets - The Creditors' Committee – Pros and Cons of Membership
I. WHY THIS TOPIC IS IMPORTANT - Alongside the creditors’ meeting (Gläubigerversammlung), the creditors’ committee (Gläubigerausschuss) is the central body for creditor autonomy in insolvency proceedings. Unlike the creditors’ meeting, which, as the decision-making body of all insolvency creditors, primarily decides on fundamental procedural matters, the creditors’ committee, as a smaller, permanently active body, primarily performs an ongoing monitoring and support function, particularly vis-à-vis the insolvency administrator. In larger proceedings, the establishment of a creditors’ committee is mandatory if specific thresholds defined by law regarding the debtor’s total assets, revenue, and number of employees are met. However, even in smaller proceedings where the formation of a creditors’ committee is not legally required, its establishment can nevertheless be beneficial to ensure effective oversight of the proceedings.
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Ordinance on Notifications and the Submission of Documents under the Crypto Markets Supervision Act published in the Federal Gazette
On 26 May 2026, the Ordinance on Notifications and the Submission of Documents under the Crypto Markets Supervision Act (Verordnung über die Anzeigen und die Vorlage von Unterlagen nach dem Kryptomärkteaufsichtsgesetz – KMAnzV), issued by the Federal Financial Supervisory Authority (BaFin) on 20 May 2026, was published in the German Federal Gazette. The KMAnzV elaborates...
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nu:legal and the expertise that never leaves the room
Most founders can name the moment their company began. For Bork Morfaw, it began with a question he was glad to answer, asked often enough that answering it well became its own problem. He was a lawyer at Freshfields, and friends, and friends of friends, kept coming to him with legal questions they had nowhere...
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ECJ ruling on data subject access requests: Some welcome relief for European employers, or not quite yet? (Part I)
In response to questions formulated by the German Amtsgericht of Arnsberg, the ECJ ruled that a first DSAR may be regarded as ‘excessive’, within the meaning of Article 12(5) GDPR, where the data controller demonstrates that, despite formal observance of the conditions governing DSARs, the request was made by the data subject: The ECJ considers...
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Vereinfachte Sozialversicherungsregeln für kurzfristige Geschäftsreisen
Nach einer vorläufigen Einigung zwischen den EU-Institutionen (Az. EMPL_AG(2026)787916) ist eine spürbare Entlastung bei grenzüberschreitenden Kurzaufenthalten vorgesehen: Für Geschäftsreisen und kurzfristige Einsätze von bis zu drei Arbeitstagen innerhalb eines 30‑Tage‑Zeitraums soll künftig keine A1‑Bescheinigung mehr erforderlich sein – mit Ausnahme des Baugewerbes. Für Unternehmen bedeutet dies eine erhebliche Reduzierung des administrativen Aufwands und der Compliance‑Risiken....
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ECB updates good practices for climate and nature-related risk management
On 8 May 2026, the European Banking Authority (ECB) updated its compendium of non-binding good practices for climate and nature risk management and climate and nature-related stress testing to support banks with know-how to close gaps in their risk management frameworks and address vulnerabilities in the evolving risk environment. The compendium serves different functions within the banks, by describing...
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May 19 EVENT | GDPR Governance: Data Protection Meets Corporate Practice
Greenberg Traurig Local Partner Dr. Philip Radlanski spoke at the 27th Handelsblatt Data Protection Congress in Berlin on May 19.