Blog


February 2024

As the German government's "power plant strategy" also provides for a reduction in the levies and charges for the electricity required for electrolysis, the following section describes the current levies, charges, taxes and fees that make the purchase of electricity for hydrogen production in electrolysers more expensive.

February 2024

On December 29, 2023, the Standing Committee of the 14th PRC National People's Congress adopted a substantially revised version of the Company Law.

January 2024

Regulation 1115/2023 (EU) on Deforestation and Degradation (EUDR) has been in force since June 2023. Companies subject to the EUDR must be ready to apply the Regulation by 30 December 2024 (SMEs by 30 June 2025).

January 2024

The new Vertical Block Exemption Regulation 2022/720, which has been in force since 1 June 2022, provided for a transition period for previously concluded contracts. This expired on 31 May 2023.

January 2024

The legislation titled "Rental of Residential Properties for Tourism Purposes and Amendments to Certain Laws" was published in the Official Gazette on 2 November 2023. 

November 2023

The Skilled Labour Immigration Act 2023 facilitates the immigration of skilled workers from third countries to Germany. The first legal changes to the right of residence came into force on 18 November 2023, with more to come. Here is an overview of the main changes relevant to employers.

October 2023

The 2024-2026 Medium-Term Program (MTP) prepared by the Republic of Türkiye Ministry of Treasury and Finance and the Presidency of Strategy and Budget was published in the Official Gazette on 6 September 2023 and numbered 32301.

September 2023

The Future Financing Act ("ZuFinG") is intended to eliminate the existing tax law "showstoppers" for genuine employee share option plans (ESOPs).

September 2023

According to the government's explanatory memorandum to the Growth Opportunities Act, the tax exemptions for property transfers involving partnerships will expire when the MoPeG comes into force on 1 January 2024.

August 2023

The provisions on administrative fines as set out in the German Minimum Wage Act do not result in liability to pay damages on the part managing directors of a German limited liability company pursuant to Sec. 823 of the German Civil Code.

August 2023

The European legislator has recently agreed on a final version of the EU Data Act which introduces new rules for agreements on data access and sharing.

August 2023

By Presidential Decree (“Ukaz”), Russia has suspended the application of the main provisions of double taxation treaties (hereinafter referred to as “DTTs”) with what it calls “unfriendly states”.

July 2023

On 13 July 2023, in a preliminary ruling pursuant to Art. 267 TFEU, the Second Chamber of the European Court of Justice, following a request from the Budapest High Court addressed the standards a prohibition under foreign direct investment review laws and regulations must meet and, in this context, also commented on the EU Screening…

June 2023

On 1 February 2023, the European Commission presented the Communication 'A Green Deal In-dustrial Plan for the Net-Zero Age'. The ‘Communication’ is a package of measures designed to help the EU industry make progress in the transition to climate neutrality and strengthen its position in global competition, since subsidies abroad are…

June 2023

Following a proposal by the European Commission and an agreement in the Committee of the Permanent Representatives of the Governments of the Member States to the EU on 21 June 2023, the Council of the European Union adopted the eleventh sanctions package against Russia on 23 June 2023. The relevant regulations were published in the…

June 2023

Law No. 7445 on the Amendment of the Enforcement and Bankruptcy Law and Certain Laws was published in the Official Gazette dated 5 April 2023, and numbered 32154.

June 2023

On 19 April 2023, the European Parliament adopted a Regulation on deforestation. Subject to formal approval by the Council, this paves the way for more protection and restoration of forests.

May 2023

Foreign legal entities directly or indirectly (via subsidiaries) owning or purchasing real estate in Germany must notify the details of their ultimate beneficial owners (UBO) to the German Transparency Register unless they have already duly registered their UBO(s) with the UBO register of another EU member state. Based on recently…

May 2023

The draft bill of the Future Financing Act (ZuFinG) provides for improved framework conditions for Germany as a financial and business centre.

March 2023

The Law on the Amendment of the Social Insurance and General Health Insurance Law and the Decree Law Act No. 375, Law Act No. 7438 (“Law”) (also known as the Regulation for Those Ineligible to Retire due to Age), was published on 3 March 2023 in the Official Gazette with number 32121 and entered into force on the date of its publication. …

March 2023

Der Gesetzgeber möchte mit einer Änderung des § 26 InvStG die Investitionsmöglichkeiten für Spezial-Investmentfonds in Erneuerbare Energieanlagen und E-Ladestationen verbessern.

March 2023

The Chinese Government has officially deposited with the “Hague Conference on Private International Law” the instruments of accession to the Convention of 5 October 1961 Abolishing the Requirement of Legalisation for Foreign Public Documents, also known as the Apostille Convention abolishing the requirement of legalization for Foreign…

March 2023

The right of access by data subjects pursuant to Article 15 of the General Data Protection Regulation (GDPR) is increasingly proving to be a sharp sword, as already seen last year from decisions of various courts clarifying just how far such right goes, thus clearly setting out the requirements to be met by controllers under data…

March 2023

On 26 February 2023, new sanctions against Russia came into force as the EU unleashed its 10th sanctions package on the occasion of the anniversary of Russia’s attack on Ukraine on 24 February 2023.

February 2023

New statutory requirements entered into force on 1 January 2023 regarding the assurance to be given a new managing director or board member upon notification of their appointment to the commercial register.

February 2023

In a judgement of 16 February 2023 (case no. 8 AZR 450/21), the German Federal Labour Court awarded the difference in salary, plus lump sum compensation equal to 15% of the difference, to a female field sales agent whose salary had been approx. EUR 1,000.00 lower than that of her male co-worker also employed in field sales.

January 2023

The validity of contract clauses allowing a party to exit the contract solely for the reason that the other party becomes illiquid and/or a petition for insolvency is filed or insolvency proceedings are instituted is a matter of intense debate.

January 2023

On 12 January 2023 the EU Regulation on foreign subsidies distorting the internal market entered into force.

December 2022

As an immediate response to Russia’s massive attacks on civil infrastructure in Ukraine, the EU adopted its ninth sanctions package on Russia on 16 December 2022.

December 2022

The new Vertical Block Exemption Regulation 2022/720, which replaces the previous, now expired, Vertical Block Exemption Regulation 330/2010, contains some significant innovations as well as clarifications. The following is an overview of the rules now applicable to distribution contracts.

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