In this issue we report on a recent German appeal court decision which has significant consequences for direct advertising. We also comment on a decision of the Court of Justice of the European Union which found several articles of the German Income Tax Act to be incompatible with EU law on freedom of establishment. Another decision highlighted here shows how important it is for managers discovering criminal offences committed within their company to contact a defense counsel promptly in order to discuss how to proceed, in particular in relation to the conduct of internal investigations.
You will also find in this issue information from our Istanbul office on the new Decree, which bans foreign currency contracts between Turkish residents.
We wish you an interesting read!
Dr Gökçe Uzar Schüller
Attorney at Law, Frankfurt and Istanbul