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- General Assemblies in Germany – Virtual or Physical?
Abandoning the Covid-19 concept, Germany has set a new standard for virtual shareholder meetings. The German 2023 general assembly season will be a new legal venture – companies and investors need to prepare. Traditionally, shareholder meetings of German public companies were physical meetings. In principle, shareholders or their representatives needed to attend physically the meeting...
- Greenberg Traurig Represents Cyren in its 10 Million Euro Sale of its Secure Email Gateway Business to Content Services Group
Global law firm Greenberg Traurig advised Cyren Ltd. (Cyren) on the sale of its legacy secure email gateway business to Content Services Group GmbH, a Germany-based software organization. The purchase price was 10 million euros in gross cash proceeds. Cyren is a NASDAQ-listed cybersecurity company that operates worldwide. The sale will enable the IT company...
- Guest Post: Spy Phishing Attacks Against Lawyers and Litigants
In this guest post, Frank Hülsberg and Burkhard Fassbach take a look at a recent Reuters special report about the use of cyber hacking and other espionage techniques in litigation and consider the D&O liability and insurance implications. Frank Hülsberg is a Chartered Accountant and Tax Advisor in Düsseldorf, Partner Advisory and Member of the...
- Germany: Changes to the Act on the Notification of Conditions Governing the Employment Relationship – Effective 1 August 2022
Effective 1 August 2022, the German Act on the Notification of Conditions Governing the Employment Relationship (Nachweisgesetz – NachwG) will be updated. The new law recently passed the legislative process. It still needs to be executed by the Federal President and published, but this will likely happen by end of July 2022 at the latest....
- Passengers Injured as Viking Hermod Involved in Collision on Rhine River
A Viking river cruise ship collided with what is described as a cargo ship yesterday, resulting in injuries to two passengers on the cruise ship. The Viking Hermod was sailing on the Rhine River near Speyer, Germany when a cargo ship reportedly turned directly into its path. The Viking Hermod tried reversing at full power...
- Transatlantic Trade | US and Europe – June 25 – July 8, 2022
The past two weeks saw the conclusion of the Group of Seven (G7) Leaders and North Atlantic Treaty Organization (NATO) Summits in Germany and Spain, respectively. The G7 Leaders’ issued a Communique affirming continued solidarity with Ukraine. Aligning with the G7, the United States (US) started its domestic process to impose tariffs on a number...
- Please Join Us for an Update on Foreign Direct Investments in the EU, Germany, the USA and UK
Please join us for an update on the current developments at the EU level, in Germany as well as in the USA and UK. We look forward to a thoughtful discussion from Stephan Müller of Oppenhoff and Caroline Brown and Peter Broadhurst of Crowell & Moring. Foreign trade law, and in particular Foreign Investment Control...
- Employers in Germany must take action following changes to the Notification Act
As of 1 August 2022, employers in Germany must provide employees with additional information on the terms and conditions of employment. In case of non-compliance, there is a risk of administrative fines of up to EUR 2,000 per violation. In June 2022, the German government passed changes to the Notification Act that will enter into force...
- Source of 7-year Listeria outbreak found in Germany
German officials believe they have solved a seven-year Listeria outbreak that included the death of one man. Using next generation sequencing (NGS) methods, the Bavarian State Office for Health and Food Safety (LGL) helped identify a likely connection between Listeria infections in Lower Bavaria and in the district of Altötting since 2015 and a food...
- Executive Branch Update – June 29, 2022
This report provides a snapshot of the US Executive Branch priorities via daily schedules and the prior day’s press releases. POTUS’ Tuesday Schedule* 4:00 a.m. EDT (10:00 a.m. local) – The President meets with Chancellor Olaf Scholz of Germany, President Emmanuel Macron of France, and Prime Minister Boris Johnson of the United Kingdom on the...
- Changing Circumstances in the Global Financial Marketplace
In a recent post (here), I noted that the cross-border Siemens bribery investigation shows that regulators throughout the world increasingly recognize the importance of vigilance and scrutiny, and that the extent of alleged misconduct in that case could spur further efforts for oversight and reform....
- First German Study about Costs of Data Breach Published
In February 2009, the Ponemon Institute published the results of its inaugural study “Germany – 2008 Annual Study: Cost of a Data Breach.” The study is the first such research study undertaken in Germany, using data from actual incidents to estimate the costs of dealing with data breaches by...
- Data Protection Authorities Ask for Privacy Laws for Smart Metering
Federal and State Privacy Commissioners in Germany demand that the introduction of smart metering systems shall be accompanied with adequate provisions for the protection of personal data. The introduction of smart metering systems controlling energy consumption is being pursued vigorously both at...
- E. coli O104 Outbreak Strikes Germany – Recorded Cases “Scarily High”
Three people with symptoms of E coli bacterial infection have died in Germany since Saturday and another 400 cases of infection were recorded as of Tuesday night. According to press reports, health authorities revealed that the latest fatality was a 24-year-old woman, who died on Monday. An 83-year-...
- Dr. Hagen, lead, do not be swamped, by a non-O157 E. coli outbreak
There are now more than 276 Hemolytic Uremic Syndrome cases in Germany – a staggering number. There are now over 600 who have been sickened (mostly women) and there have been as many as five deaths – all those numbers will rise. E. coli O104:H4 illnesses have also been reported in Britain, Sweden,...
- Over 2,000 Ill, over 500 with Hemolytic Uremic Syndrome and now 19 Deaths in E. coli O104:H4 Outbreak
Besides Germany, illnesses have surfaced in Austria, the Czech Republic, Denmark, France, Netherlands, Norway, Spain, Sweden, Switzerland, Britain and United States (people who had visited Northern Germany). The source is still elusive, but officials are still warning consumers in Europe to not...
- German based E. coli O104:H4 Outbreak is now second largest and most deadly in history
Canadian press reported Monday afternoon that the deadly E. coli O104:H4 outbreak has now sickened more than 2,330 people across Europe, most of them in Germany, over the past month. The first case has also shown up in Canada in an Ontario man who travelled to Germany this spring. Four cases have...
- EU and US E. coli O104:H4 update – 31 Dead, 3,086 Ill – 798 with HUS
The European Center for Disease Prevention and Control reports that Since 2 May 2011, 795 cases of HUS and 2287 non-HUS STEC cases have been reported from European Union Member States, including 759 HUS cases and 2229 non-HUS STEC cases in Germany. There are reports of 4 illnesses in U.S. (3 with...
- German E. coli O104:H4 – 38 Dead, 824 with HUS, 3351 Ill – Massachusetts, Michigan, and Wisconsin with 5
And E. coli O104:H4 that has been linked to locally grown organic sprouts, according to the European Food Safety authority, has caused 821 HUS cases, including 24 deaths, and 2,530 non-HUS cases, including 13 deaths. Germany also reports two new HUS cases and 17 new non-HUS STEC cases. Germany...
- More Details on the Mysterious German Microbe
Bit by bit, gene by gene, doctors and researchers in Germany and around the globe are cobbling together a profile of the microbe responsible for Europe’s alarming outbreak of food poisoning. Even as the grim toll climbed to 3,800 sick and 44 deaths, online articles in medical journals continue to...