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- The Fall of Wirecard
In the public imagination, Wirecard was Germany’s biggest tech company success story – a €24 billion high-growth payment processor doing deals across the globe and pioneering new technologies. While naysayers complained about its opaque corporate and financial practices and raised doubts about its business model, most observers admired its nimble approach to surmounting regulatory barriers...
- UPDATED Global Insolvency Report: Impact of Covid-19 on Insolvency Laws
Our guide sets out how different jurisdictions are changing their Insolvency Laws to help alleviate additional pressures placed on businesses as a consequence of cash flow pressures caused by COVID-19. We have updated our guide to include further changes to insolvency laws in Germany and Japan. Click here to see our guide.
- Updated: Guide To Financial Support Measures Across Europe And The Middle East
We have updated our guide setting our the financial support measures available to companies with updates from Germany, Slovakia and France. Click here to access the updated guide.
- "The Limits of Fairer Fines: Lessons from Germany"
The title of this post is the title of this new report from the The Criminal Justice Policy Program at Harvard Law School. Here is a small part of the start and end of the long “Executive Summary” from the 156-page report: Over the last few decades, advocates in the United States have exposed the...
- Updated: Guide To Financial Support Measures Across Europe And The Middle East
We have updated our guide setting our the financial support measures available to companies with updates from Germany, Slovakia and Czech Republic. Click here to access the updated guide.
- Cleary Gottlieb – M&A-Telegram Germany Q2/2020
Please click here for the latest edition of the Cleary Gottlieb M&A Telegram for Germany.
- Transatlantic Trade: US and European Trade Talk Update – June 19, 2020
America and European countries remain focused on securing a COVID-19 vaccine to prevent resurgences of the virus, with the European Commission unveiling a strategy this week to accelerate its coordinated efforts. At a North Atlantic Treaty Organization (NATO) Defense Ministerial this week, partners focused on COVID-19 and other topics, including the US’ announcement to lower...
- Next steps towards tighter German Foreign Investment Control rules passed
For M&A transactions in Germany and beyond, Foreign Investment Control screenings have become an indispensable standard element to assess when structuring deals and planning for regulatory review. Similarly to merger control, acquirers and sellers need to consider the impact of the increasing number of jurisdictions that might want to review their proposed transaction. In the...
- Complimentary Webinar: Privacy and Employee Surveys in Germany
Maintaining a positive and productive work environment helps retain valued employees and aids in recruiting new talent, ultimately saving costs and providing an advantage over competitors. To monitor employee satisfaction organizations are increasingly turning to conducting workplace surveys. On June 16, 2020 at 4:00p CEST Annette Demmel and Tarek Hajj-Khalil of our Data Privacy &...
- Why Germany’s leading law school is offering a free program this summer (167)
Details on Bucerius Legal Tech Essentials Every summer since 2018, Bucerius Law School has offered a three-week, on-campus Summer Program on legal technology and operations. In total, the program has now educated nearly 70 highly selected students. The faculty has included some regular contributors to this publication and will hopefully also include others in 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...