In a remarkable ruling from February 18, 2021, the Landgericht (LG) Berlin – the Regional Court of Berlin – declared a million-euro fine imposed in response to a breach of the General Data Protection Regulation (GDPR) invalid. We at the commercial law firm MTR Rechtsanwälte note that the extent to which companies or legal persons […]
In a ruling from February 19, 2021, the Landgericht (LG) Düsseldorf – the Regional Court of Düsseldorf – held that the provider of business closure insurance has to pay out for bars closing in connection with the coronavirus (Az.: 40 O 53/20). The case-law concerning the obligation of a provider of business closure insurance to […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Thomas Kunisch of Demondo. Thomas has joined IR as our exclusive Debt & Asset Recovery Member in Germany. Thomas Kunisch is a trained banker and studied economics. After many years in telecommunications, where Mr. Thomas Kunisch held senior positions in business […]
Author: Daniela Jaeger, M.A.The interpretation and standardization of national law on the basis of European law requirements always brings uncertainties – and this is also the case in trademark law. For owners of German trademarks, however, thanks to the decision of the Federal Court of Justice of January 14, 2021 (Case No. I ZR 40/20) […]
The interpretation and standardization of national law on the basis of European law requirements always brings uncertainties – and this is also the case in trademark law. For owners of German trademarks, however, thanks to the decision of the Federal Court of Justice of January 14, 2021 (Case No. I ZR 40/20) and the recently […]
08.03.2021 An employment contract is the ground upon which employer and employee build their relationship. It goes without saying that it is of utmost importance. Besides the obvious need to secure the conditions of employment and to protect the employer against complaints and legal actions, it can also be an advantage for the recruitment process […]
Unlike in the case of eminent domain, the foreclosure of a property may constitute a private sales transaction. That was the verdict of the Finanzgericht (FG) Düsseldorf, the Fiscal Court of Düsseldorf (Az.: 2 V 2664/20 A (E)). It can be a very bitter experience for the property owner. We at the commercial law firm […]
According to a ruling of the Bundesgerichtshof (BGH) – Germany’s Federal Supreme Court – property buyers can potentially reclaim the commission they paid to the real estate agent if the latter fails to inform them about their right of withdrawal and provides no guidance on the issue. In a judgment from November 26, 2020, the […]
As part of efforts to combat cross-border tax evasion, it appears that Turkey has yet to provide Germany with any financial information. This means that the individuals concerned still have the opportunity to submit a voluntary declaration. There are now more than 100 countries participating in the automatic exchange of (financial) information (AEOI), including one […]
As a business law firm in Düsseldorf, we offer tailor-made advice at the highest level across the entire spectrum of business law. We are approachable, love short channels of communication and have a clear focus on our clients’ needs.We work nationally and internationally, adding value and with empathy. Thanks to our experience, we develop sustainable […]
A retailer is allowed to lower the net rent (exclusive of heating, lighting and other service costs) by 50 percent on account of its store having to close due to COVID-19. That was the verdict of the Oberlandesgericht (OLG) Dresden – the Higher Regional Court of Dresden – in a ruling from February 24, 2021 […]
(Not only) in my opinion, the seminal and still most relevant paper about bitcoin accounting practice was written about three years ago by Deloitte Australia Partner and former IASB member Henri Venter: Digital currency – A case for standard setting activity – A perspective by the Australian Accounting Standards Board (AASB). Based on lots of interesting […]
