01 April 2022

Following Russia’s unlawful recognition of the Ukrainian territories calling themselves “Donetsk People’s Republic” and “Luhansk People’s Republic” and Russia’s unlawful invasion of Ukraine, sanctions were announced against Russia and Belarus first and foremost by the EU and the US, but also by many other countries as well.

01 April 2022

Russia has adopted countermeasures through various presidential decrees and government orders, which are mainly aimed primarily aiming at protecting the capital market, but also at restricting the export of goods.

29 March 2022

With exchange rates skyrocketing and inflation in the Turkish economy running high, many citizens have entered the cryptocurrency markets to protect the value of their cash and thus their purchasing power.

18 January 2022

The Law on the Approval of Ratification of the Paris Agreement numbered 7335 was passed on October 6, 2021, published in the Official Gazette numbered 31621 on October 7, 2021 and entered into force on the same date.

16 December 2021

In order to strengthen consumer rights, the legislator has promulgated the German Fair Consumer Contracts Act [Gesetz für faire Verbraucherverträge] by making some significant changes to the German Civil Code [Bürgerliches Gesetzbuch – BGB] concerning the structuring of obligations arising from legal transactions by way of general terms…

12 November 2021

To promote the digital economy in Europe, the EU is further developing the legal framework for digital services and markets. The provisions of the Data Governance Act on data spaces and other platforms for data exchange are an important part of this framework.

14 October 2021

This is about trademarks: Shoelace tips are the last 2 cm of shoelaces, i.e. shoelace ends. Think Schuhwerk, a shoe manufacturer in Austria, thought that the market can distinguish its shoes from those of other manufacturers by the shoelace tips – although we are talking about special shoelace tips here.

13 September 2021

By amending the German Electrical and Electronic Equipment Act [Elektro- und Elektronikgerätegesetz – ElektroG], the aim is to increase the collection rate for waste electrical and electronic equipment (“WEEE”). That is because up to now the collection rate of 65% set by the EU has not been reached. What these changes mean, among other…

10 August 2021

The new Act on Corporate Due Diligence in Supply Chains [Lieferkettensorg-faltspflichtengesetz, LkSG] requires companies to ensure the protection of human rights and environmental standards in their international supply chains. With our new online tool, clients can identify and assess risks along their supply chain free of charge.

17 July 2021

For some time now, the introduction of CO2 duties or a carbon border adjustment mechanism (CBAM) has been discussed in the EU as part of the European Green Deal. The intention is to internalize the externalities of greenhouse gas emissions into the prices on imported goods. On 15 July 2021, the EU Commission presented a proposal for a…

18 June 2021

The German Packaging Act [Verpackungsgesetz – VerpackG] has been in force since 1 January 2019 and replaced the German Packaging Regulation [Verpackungsverordnung – VerpackV] in force up to then. It applies to all forms of packaging and is a special law (lex specialis) clarification of responsibility for products enshrined in Sec. 23 of…

19 May 2021

The recast of the Dual-Use Regulation is expected to be published in the Official Journal of the EU at the beginning of June 2021. Given the various changes this recast version brings for the economic operators, they will have to prepare themselves in good time before it will enter into force 90 days after its publication.

10 May 2021

On 1 May 2021 the 17th Amendment [17. Änderungsverordnung] to the German Foreign Trade and Payments Ordinance [Außenwirtschaftsverordnung – AWV] entered into force, which in particular broadens the scope of application of transactions subject to a mandatory filing to include further sectors, notably high-tech. The Amendment will apply to…

04 May 2021

Trade marks have to be used, either by their owners or by a licensee. Otherwise they "lapse", i.e. cannot be enforced against third parties and can be cancelled upon request. However, there is a grace period of 5 years. What if, instead of using a trademark, a new one were to be registered? - In a judgment of 21 April, the Court of…

14 April 2021

The impact of Covid-19 is continuing to evolve in Turkey and businesses need to update their knowledge to keep up with the ever-changing regulations. For this purpose we provided various reports in our earlier newsletters concerning legal changes in Turkey relating to the pandemic. Our new update includes the recent shifts in legislation…

24 March 2021

In the event of a merger, the absorbing entity is generally obliged to grant shares to the shareholder of the transferring entity (so-called obligation to grant shares). If this is not desired by the shareholder of the transferring entity, it may waive its right to receive shares pursuant to Sect. 54 (1) sentence 3 German Transformation…

24 February 2021

Dual-use items concern a variety of goods, software and technology that can be used for both civilian and military purposes and whose export from the EU is controlled. The relevant provisions for the control of such items are currently laid down in the Dual-use Regulation 428/2009. These rules are being comprehensively revised and…

08 February 2021

When reorganising a business out of insolvency proceedings, it used to be necessary to reach some form of agreement with creditors to compromise the payment of their debts. However, this did not apply to reorganisations under English law (i.e. by way of a scheme of arrangement) which allowed forced arrangements to be entered into with the…

04 January 2021

On 24 December 2020, the UK and the EU reached an agreement to govern the new relationship following the UK’s withdrawal from the EU – the Trade and Cooperation Agreement. Though this deal is better than no deal, the EU and the UK must prepare themselves for far-reaching changes with a significant impact on bilateral trade.

21 December 2020

Several German media outlets (Handelsblatt of 1 December 2020; Frankfurter Allgemeine Zeitung of 7 December 2020) report that the country’s Federal Minister of Justice Christine Lambrecht has revealed plans to introduce a legal clarification confirming that restrictions due to the COVID-19 pandemic are generally to be deemed frustration…

16 September 2020

German data protection authorities published a joint position statement regarding Google Analytics already in May 2020. The European Court of Justice’s decision of 16 July 2020 increases the requirements even further. Use of Google Analytics will become more difficult in the future.

16 September 2020

Apparently, Apple Group is still getting off scot-free – at least for now – as far as the repayment of alleged State aid regarding Irish tax rulings is concerned. The General Court of the European Union (EGC), the competent court of first instance, annulled the Commission’s decision demanding the recovery of State aid in its ruling of 15…

16 September 2020

On 28 May 2020, the German Federal Ministry of Finance [Bundesministerium der Finanzen – “BMF”] presented a bill by the somewhat unwieldy title “Bill on the Multilateral Convention of 24 November 2016 to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting”, the purpose of which is to ratify what is known as…

16 September 2020

For many buyers, customer reviews are key to their buying decision. But what if reviews on a platform are incorrect? Does this mean that the merchant is potentially liable for unfair competition? Not as a general rule, says the German Federal High Court of Justice [Bundesgerichtshof – BGH].

16 September 2020

The impact of Covid-19 is continuing to evolve in Turkey and businesses need to update their knowledge to keep up with the ever-changing regulations. For this purpose we provided a first report in our earlier newsletter concerning legal changes in Turkey relating to the pandemic. Our new update includes the recent shifts in legislation…

16 September 2020

Law No.7246 Amending the Law on the Protection of Competition („Amendment Law“) entered into force on 24 June 2020. This regulation is a response to the European Commission’s 2019 Turkey Report, regarding the steps that Turkey should take in order to harmonize Turkish competition law with that of the EU.

01 July 2020

In June 2020 the German government decided to tighten, both the German Foreign Trade and Payments Act (“AWG”) and the (“AWV”) significantly. The amendments’ consistent aim is to enable the relevant authorities to more effectively examine and prevent critical company acquisitions from third countries if those could endanger the public…

01 July 2020

The German Parliament adopted the second Social Protection Package in May 2020 (Official Journal (Bundesgesetzblatt, "BGBl.") I pp. 1055 et seq.) after access to social services was made easier under the first Social Protection Package in March 2020. The "Act on Social Measures to combat the Corona Pandemic" (Social Protection Package II)…

01 July 2020

The ongoing COVID-19 pandemic has a devastating impact on businesses of all kinds worldwide. Some companies will eventually be forced to initiate insolvency proceedings. If a German company has direct investments in China, the question is, how their Chinese entities are affected by the German insolvency proceedings.

01 July 2020

Since March 2020, the President and the Parliament in Turkey have taken some measures, some through Bills, some through Presidential Decrees. Under the Law No. 7226 dated 25 March 2020, various measures were taken, and the President was authorized to take measures. The probably most important measure is ordering the shutdown of the…

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