News

Oppenhoff has advised the EIC Fund on eight investments in German start-ups. The EIC Fund is the special fund of the European Innovation Council and thus the investment vehicle of the European Commission. Its purpose is to implement the European Commission's EIC Accelerator Programme, which aims to support innovative and sustainable European growth companies.

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Oppenhoff has advised RHODIUS Group on the carve-out and sale of its abrasive tools division to the Indian CUMI Group. With the strategic integration into the CUMI Group, RHODIUS Schleifwerkzeuge is expanding its ongoing growth strategy at its Burgbrohl site.

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Flexibility, family-friendliness and personal, professional training: this is the clear focus of the commercial law firm Oppenhoff’s new remuneration package for its lawyers. In addition, young professionals can now look forward to a salary of up to €125,000 per year, which can rise to €240,000 over time.

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Oppenhoff has advised Schoofs Immobilien GmbH Frankfurt on the sale of the prestigious "Fünf-Häuser-Quartier" project known as “Neue Mitte” in the centre of the Dreieich district of Sprendlingen to the Corestate Capital Group. Corestate acquired the building complex for its open-ended special fund "Stadtquartiere I" for around 43 million euros.

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The Transparency Register is being made a full register. All legal entities under private law and all partnerships entered in the Commercial Register must register their "real" or "fictitious" beneficial owners. First deadlines expire in March 2022. Is my company obliged to register? If so - by when?

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The progressive development of new technologies is also leading to new fields of application and innovations in the healthcare industry. In the third quarter of 2020, nearly 49,000 medical health apps were available for download from the Apple App Store worldwide. With all these rapid developments, legal hurdles cannot be ignored. We provide an overview of the regulatory classification of health apps and the associated data protection and liability issues.

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Oppenhoff has advised Schoofs Immobilien GmbH Frankfurt on the sale of the Rastal-Center, which is currently under construction, in the form of a share deal to the Irish investment fund manager Greenman and its fund Greenman OPEN.

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Since 2017, companies have been required to submit a non-financial statement on their corporate social responsibility compliance for each financial year. The existing reporting standards, which are considered inadequate, are to be revised by mid-2022 and will already become mandatory for the 2023 reporting year, and for small and medium-sized listed companies from 2026 onwards. Affected companies are advised to monitor ongoing developments, address their own reporting obligations in good time and already set up the appropriate structures now.

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The German Federal Labour Court [Bundesarbeitsgericht - BAG] has ruled on important issues relating to short-time work, simultaneously providing both legal certainty and surprises. Our labour law experts explain the key points of the decisions below.

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Oppenhoff has advised VHV Allgemeine Versicherung AG on the acquisition of 91.1 percent of the shares in the Northern Italian ITAS subsidiary Assicuratrice Val Piave SpA. The remaining shares are held by external shareholders. The acquisition is still subject to clearance by the Italian authorities.

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Oppenhoff has advised Munich-based private equity investor Family Trust on all legal aspects of the acquisition of the outsourcing service provider novia Handels GmbH & Co. KG, which is headquartered in Iserlohn and has subsidiaries in Hong Kong and China.

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Oppenhoff has advised the AustriaEnergy Group on the complex structuring of a cutting edge Power-to-X joint venture with its partner Ökowind and the Danish fund management company Copenhagen Infrastructure Partners (CIP). The joint venture’s purpose is the joint ownership and joint development of the HNH Project in the region of Magallanes in the south of Chile.

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The Higher Administrative Court [Verwaltungsgerichtshof - VGH] of Munich has confirmed that so-called "old hands" are exempt from the examination of their expertise (“Sachkundeprüfung”) as insurance brokers, but not from the obligation to undergo regular further training (decision of 12 August 2021, 22 ZB 20.1840).

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The new Competition Register is not without consequences for companies. The impact on business with the public sector is all too readily underestimated. A company’s entry in the Competition Register on grounds of a criminal or administrative offence leads to its mandatory or optional exclusion from public procurement procedures for at least three years. Does this just have to be accepted? No. The entry can be deleted prematurely through successful self-cleaning measures.

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Oppenhoff has advised the founders and shareholders of the Sunovis Group on the sale of the enterprise to the asset manager Brookfield. The sale took place within the framework of a competitive bidding procedure set up by Lazard. Details of the transaction were not disclosed.

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The German Lobby Register Act (Lobbyregistergesetz - LobbyRG) came into force at the beginning of 2022. Since 1 January 2022, it has been possible to register on the website of the German Bundestag, as the registration office, and to make entries in the lobby register.

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On 24 November 2021, the new coalition agreement of the forthcoming government of SPD, Bündnis90/Die Grünen and FDP was published. In the form of a short series of articles, we would like to inform you over the next few days of the statements contained in the coalition agreement on labour law topics and the concrete effects of the plans. Today’s topic: (company) pension provisions.

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The coalition agreement defining the government's work envisages the legalisation of cannabis. Bob Marley would certainly have wanted this, but whether employers will all be happy about this is more than questionable. This is today’s topic in our series on the coalition agreement.

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Oppenhoff has comprehensively advised Storskogen Deutschland GmbH on the acquisition of a majority stake in the industrial maintenance specialist Hans Kämmerer GmbH as part of a succession solution. The two managing directors remain as shareholders in the company and continue as its sole managing directors. The parties agreed not to disclose the details of the transaction.

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In the first lockdown, the authorities ordered the closure of some shops. For the first time, the BGH is dealing with the question of whether tenants nevertheless have to pay the full rent. Marc Alexander Häger and Marvin Rochner venture a prognosis.

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On 9 November 2020, the European Council and the European Parliament agreed on new regulations for the control of exports, brokering, technical assistance, transit and transfer of dual-use items. Since the Dual-use Regulation came into force in 2009, it has already been amended several times. The list of controlled items was adjusted annually. As early as in 2016, it became clear that the existing regulation would have to be adapted to the rapid technological, economic and political changes. After years of discussions by the EU Council and EU Parliament, an amendment to the Dual-use Regulation is now within reach. The final draft of this agreement has now been published.

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Oppenhoff has advised VHV Versicherungen on the acquisition of the Eucon Group. The seller is the British private equity fund HgCapital. The parties have agreed not to disclose the purchase price.

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The leading commercial law firm Oppenhoff & Partner continues to be very highly recommended by in-house counsel in Germany. These are the findings of the newly published study "Kanzleimonitor 2020/2021". In the largest study of its kind in Germany, Oppenhoff achieved seventh place in the overall ranking according to number of recommendations.

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The COVID 19 crisis is currently dominating the everyday life of companies and defining the legal issues of current relevance. For example, many companies are asking themselves whether the strict antitrust rules are actually still applicable during the crisis and whether they are allowed to cooperate with competitors, for example in order to ensure the secure supply of products. In view of the sometimes drastic price increases for products in high demand, many buyers will have wondered whether this price hike is still permissible.

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In order to counteract the threatening economic consequences of coronavirus, the Federal Ministry of Finance [Bundesministerium der Finanzen, BMF] and the Federal Ministry for Economic Affairs and Energy [Bundesministerium für Wirtschaft und Energie, BMWi] already announced in a joint statement issued on Friday a package of measures to mitigate the impact, which already included tax deferrals, an adjustment of advance tax payments and a waiver of enforcement measures.

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