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German Residential Portfolios: Market Outlook
As investors scrutinise German residential real estate opportunities in 2024, the environment looks very different from a year ago. While some large deals were executed in 2023 despite pressures in the market, the outlook for this year indicates a healthy sector in which, if prices decrease, investors can find interesting opportunities.
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Prosciutto produced in Germany and distributed in the U.S. recalled over lack of inspection
ConSup North America Inc. of Lincoln Park, NJ is recalling approximately 85,984 pounds of ready-to-eat (RTE) sliced prosciutto ham product produced in Germany without the benefit of equivalent inspection, according to the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS). The problem was discovered when Germany’s Federal Office of Consumer Protection and Food...
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McGeorge alumna leads Fortune Global 500 company
Nora Klug, LLM ’01, serves as Group General Counsel for Bosch Global in Stuttgart, Baden-Württemberg, Germany. Klug leads the legal department of a global company that ranks No. 95 on the Fortune Global 500 and employs nearly 400,000 people. She oversees the technology and services of the company’s corporate legal department and has global responsibility...
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Workplace harassment in Germany: questions over compensation
In a prior post in our German Workplace Harassment series, we discussed possible measures and sanctions employers may take against harassers in their company and some relevant court rulings. Today we would like to examine the question of compensation for harassment from the perspective of the victim. Discrimination in the workplace can take many forms,...
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Scientists find beef imports into Europe largely safe
The presence of foodborne pathogens in raw beef imported into the European Union is low, according to a study. Microbiological quality of 100 raw beef samples sent to the EU was investigated. Samples of beef imported from November 2021 to May 2022 were collected at the Border Control Post of Hamburg Harbor in Germany. In...
- The Power Of Legal AI Chatbots
- CD Munich, December 28, 2023, Preliminary Order, UPC_CFI_75/2023
- LD Munich, 27, December 2023, Order Of Court In First Instance, UPC_CFI_181/2023
- LD The Hague, 17. January 2024, Procedural Order Of Court Of First Instance, UPC_CFI_239/2023
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Regulatory monitoring - March 2024
1. Bank regulation- 1.1 Prudential regulation- (a) General- (i) International- BCBS: Basel III monitoring report- Status: Final- BCBS has published its latest monitoring report setting out the impact of the Basel III framework, based on data as of 30 June 2023. It shows that initial Basel III capital ratios for a sample of the largest global banks were largely stable and above prepandemic levels in the first half of 2023, and that the leverage ratio rose further in Europe after declining in all regions during the pandemic. In the same period, the profit after tax of large internationally active banks increased to a record EUR 279 billion. Date of publication: 06/03/2024