JD Supra Germany

JD Supra
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Latest documents

  • 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.

  • 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

  • Öffentliche Übernahmen in Deutschland Newsletter 2024

    Herzlich willkommen zur siebten Ausgabe unseres Newsletters “Öffentliche Übernahmen in Deutschland”. Er gibt einen Marktüberblick über die im zurückliegenden Jahr 2023 in Deutschland nach dem Wertpapier- und Übernahmegesetz (WpÜG) durchgeführten öffentlichen Übernahmen und die aktuelle Rechtsentwicklungen im deutschen Übernahmerecht. Als eine global agierende Rechtsanwaltskanzlei beobachten wir fortlaufend den M&A-Markt im In- und Ausland. Die hierbei gewonnen Erkenntnisse möchten wir mit Ihnen mit diesem Newsletter teilen.

  • Public Takeovers in Germany Newsletter 2024

    Welcome to the seventh edition of our newsletter “Public Takeovers in Germany”. It provides a market overview of public takeovers carried out in Germany in 2023 in accordance with the German Securities Acquisition and Takeover Act (“WpÜG”) and of recent developments in German public takeover law. As a globally law firm, we are constantly observing the M&A markets in Germany and abroad.

  • Snapshot: Der deutsche Übernahmemarkt 2023

    Blick auf den Markt und die bedeutendsten Transaktionen - Die Analyse öffentlicher Übernahmen im Jahr 2023 erscheint auf den ersten Blick wie eine Blaupause des Vorjahres. Die bereits 2022 festgestellten Trends bestätigten sich, insbesondere die zahlenmäßig recht geringe Anzahl an Transaktionen mit durchschnittlich niedrigen Transaktionsvolumina, die bedeutende Rolle von Private Equity-Bietern bei größeren Transaktionen, der hohe Anteil von Delisting-Angeboten sowie die selten angebotenen Übernahmeprämien. Der Aktienmarkt erholte sich nach anfänglicher Schwäche 2023, und der DAX 40 erzielte zum Jahresende neue, zuvor nie erreichte Rekordwerte.

  • Establishing a Business Entity in Germany (Updated)

    Anyone can establish a business in Germany - irrespective of citizenship, nationality, or place of residence. There is no specific investment legislation for foreign entrepreneurs. Any entrepreneur can make his choice from an exclusive group of different types of legal entities to establish a new company in Germany.

  • New NPL Law in Germany - German Secondary Credit Market Act– Revitalization of the Non-Performing Loans Market and Creating New Market Opportunities?

    On 30 December 2023 the German Secondary Credit Market Promotion Act (Kreditzweitmarktförderungsgesetz) entered into force, which simplifies dealing in non-performing loans (“NPLs“) by introducing a new law, the German Secondary Credit Market Act (Kreditzweitmarktgesetz).

  • Neues Jahr, neues Recht: Das Personengesellschaftsrecht ist modernisiert!

    Mit dem Jahreswechsel ist das Gesetz zur Modernisierung des Personengesellschaftsrechts (kurz „MoPeG“) in Kraft getreten und hat erhebliche Änderungen insbesondere für die Gesellschaften bürgerlichen Rechts („GbR“) gebracht: Für GbRs besteht nun die Möglichkeit (nicht die Pflicht!), im neu geschaffenen Gesellschaftsregister eingetragen zu werden und damit den Status einer „eingetragenen GbR“ („eGbR“) zu erhalten.

  • Contract Drafting - International Cooperation Agreements

    In this series, we provide advice on drafting English-language contracts that are governed by German law. We will refer to these as international cooperation agreements moving forward. We focus on automotive finance contracts, such as factoring agreements for vehicle purchase price receivables, and white-label cooperation agreements between a financial services provider or a bank and a manufacturer. However, most of what we discuss can also be applied to other types of contractual arrangements. The series is intended for both external and in-house legal counsel as well as everyone involved in the negotiations of international contracts

  • The Financing for the Future Act: Reforms for German ECM transactions

    The Financing for the Future Act came into force on 15 December 2023. The significant reforms to stock corporation and capital market law increase flexibility in German ECM transactions. Overview of the key changes - The key parts of the Financing for the Future Act (Zukunftsfinanzierungsgesetz) (ZuFinG) came into force on 15 December 2023. The new law is intended to strengthen the performance of Germany’s capital markets and to enhance the attractiveness of Germany as a financial centre and part of a strong European financial centre. In particular, the access to the capital market and equity raises for start-ups, high-growth companies and small and medium-sized enterprises (SMEs) shall be eased.

Featured documents

  • New German Insolvency Law Rules to Facilitate Restructurings, Debt-Equity Swaps and Debtor in Possession

    Introduction On 1 March 2012 new German insolvency law rules will come into effect which are intended to facilitate and promote debtor-in-possession proceedings and the use of restructuring plans and debt-equity swaps. In addition, the new insolvency law will introduce new rules to...

  • New Double Taxation Agreement Between Germany and Taiwan

    Introduction - The “Agreement between the German Institute in Taipei and the Taipei Representative Office in the Federal Republic of Germany for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and on Capital” and the respective protocol (together...

  • Three Steelmakers Raided in Antitrust Investigation

    On February 28, 2013, Germany’s Federal Cartel Office (“GFCO”) searched the offices of three steelmakers as part of an antitrust investigation into steel supplies to the automotive industry. Specifically, GFCO raided the offices of Voestalpine, ThyssenKrupp, and ArcelorMittal as part of an...

  • Financial Services Quarterly Report - Second Quarter 2013: The New German Rules on High Frequency Trading

    The German Federal Parliament adopted a bill on February 28, 2013, setting forth detailed rules and provisions dealing with so-called “high frequency trading” (the “HFT Rules”)....

  • Software License Audits – How to prepare, how to react

    Software license audits are on the rise. On January 27, 2012, the world's leading information technology research and advisory company, Gartner, released a survey showing that two-thirds of all companies have been subject to software auditing during the past 12 months. The number of companies not...

  • New circular letter on transfer of assets and partnership interests

    Federal Ministry of Finance directs non-application of recent rulings by the Federal Fiscal Court. With its circular letter dated 12 September 2013, the Federal Ministry of Finance comments on three rulings by the Federal Fiscal Court dealing with the transfer of assets and partnership...

  • Keine Urlaubsabgeltung bei Langzeiterkrankung während der Altersteilzeit

    Wurde einem Beamten oder Arbeitnehmer Altersteilzeit im sog. „Blockmodell“ bewilligt, hat er grundsätzlich keinen Anspruch auf die finanzielle Abgeltung von Erholungsurlaub, den er krankheitsbedingt vor Eintritt in die Freistellungsphase nicht mehr nehmen kann. Dies ergibt sich aus der...

  • In for a Penny, in for a Pound

    It is generally known that those who infringe a patent are liable for committing the act of infringement. In the vast majority of cases this is the person who produces patent-infringing goods or sells or uses a patented method without being authorized to do so. Less obvious is liability in the case ...

  • Shareholder Activism 2.0

    M&A partner Harald Selzner discusses the rise of shareholder activism in Germany as a key boardroom issue. Deutschland gerÌt zunehmend in den Fokus  Institutionelle Investoren erwarten h?here Standards  Transaktionskrimi Celesio B?rsen-Zeitung, 10.5.2014 Was f?r ein Spektakel zu...

  • German Federal Court of Justice Decides on Deletion of Unused Domains and Typosquatting

    German law on internet domains is not codified in a uniform statutory law, but spans over a variety of legal areas such as trademark law, unfair competition law and naming rights and is strongly built on court decisions. Since the German Federal Court of Justice (Bundesgerichtshof) ruled in a...

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