Goodwin (JD Supra Germany)

On 28 May 2021, the German Legislator adopted new and stricter regulations on Alternative Investment Funds pre-marketing. These regulations will go into effect in August as an implementation of the Directive (EU) 2019/1160 on cross-border distribution of collective undertakings (Cross border distribution directive, the Directive) in the German Capital Investment Code (Kapitalanlagegesetz, KAGB).

After a long-lasting discussion regarding the real estate transfer tax (“RETT”) rules for share deals, it seems that the end of that discussion is near — at least for the moment. On 16 April 2021 the finance committee of the Federal Parliament published the agreed changes to the RETT-Act which are essentially the same as the draft law published by the German ministry of finance back in 2019. From

World affairs are currently clouded by the global COVID-19 pandemic. In a very short period of time, approximately 191 vaccine projects have been launched according to the World Health Organization (WHO). Among the countries with a particularly large number of projects, approximately twenty in total, is Germany. This already displays the role Germany holds in the global life science market....

Yesterday, Lupin announced the German launch of its etanercept biosimilar, Nepexto, for the treatment of rheumatoid arthritis, as well as all other approved indications of the reference product Enbrel®. Lupin, in association with Mylan will release its etanercept product as an injectable in an easy-to-use pre-filled pen and a pre-filled syringe.

The German government has extended its financial support for businesses challenged by the adverse economic effects of the ongoing COVID-19 pandemic. In addition to the initial unprecedented loan program addressed to businesses ranging from the self-employed to large corporates, the government has now also set up a program for the benefit of start-ups and young growth enterprises.

On 1 April 2020, the German Federal Government announced that it intends to supplement its existing uncapped aid for businesses to overcome the ongoing Coronavirus crises by providing a further 2 billion euros financial booster to start-ups, in order to allow financing rounds to continue and preserve the stability of the innovative growth sector.

As countries around the world implement procedures to inhibit the spread of the COVID-19 coronavirus, many changes are obviously having increasingly adverse effects on the economy. With borders closed and free movement restricted, these adverse effects are especially acute in the hotel, travel and consumer industry and will certainly expand in the production and service industries generally....

The COVID-19 pandemic is causing massive disruption to landlords and tenants of commercially used spaces. Many tenants are affected by reduced customer frequency, supply bottlenecks or staff illnesses. Also, the German federal states’ legal regulations on infection protection, which restrict or prohibit the opening of many shops and restaurants (and, in the future, possibly offices), often cause...

On 13 March 2020, the German government agreed on a far-reaching package of measures to protect companies and businesses in the German market. The central message is that the Federal State (Bund) and the provinces (Bundesländer) have enough liquidity to tackle the crisis and will apply this liquidity in a way that is unprecedented in the history of the Federal Republic of Germany. The measures so

The Berlin Commissioner for Data Protection (Berlin DPA) has fined Deutsche Wohnen SE, a German property company, €14.5 million for violating the General Data Protection Regulation. This is the largest GDPR fine issued to date by a German data protection authority and signals a trend by regulators to flex their muscles (see, e.g., the recent CNIL fine and the UK ICO’s proposed fine) in cases...

On 12 July 2017, an amendment to the German Foreign Trade Ordinance was resolved, and is expected to come into effect shortly. It is currently being debated in the German and international press whether this can be seen as a move in the direction of further protectionism restricting foreign investments in Germany. In our view, this is not the case. That said, the amendment does give the German...