News

War is still raging in Ukraine. The EU and the US imposed additional sanctions over the weekend. The press reported. Many companies feel very uncertain. What’s the situation? What’s still allowed and what isn’t?

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Over the past few days the situation in Ukraine has come to a head. The USA and the EU have imposed new sanctions. We explain which sanctions have been imposed and what companies that do business in Russia or Ukraine should now bear in mind.

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The Lobby Register has been live for more than seven weeks. About 800 registrations have been made since then. Have you registered? The registration deadline is 28 February 2022.

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The 3G regulation still applies nationwide at workplaces in Germany. The regulations adopted yesterday by the Conference of Minister Presidents [Ministerpräsidentenkonferenz – MPK] now envisage a three-step process of relaxing restrictions in many areas. From 20 March onwards, the home office obligation will also be lifted as a last step. Our employment law experts explain what this means for employers.

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When an insurance customer is asked health questions, the text form is deemed to be fulfilled if the insurance broker reads the questions out loud to the applicant and the latter is then given the completed form for his review. This was confirmed by the Higher Regional Court [Oberlandesgericht - OLG] of Hamm.

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The function of health apps is based on the processing of personal data. This data is often sensitive health data. Appropriate data protection standards and mature data security concepts are therefore of great importance to supervisory authorities and users.

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Oppenhoff advised Storskogen Deutschland GmbH on the acquisition of a majority stake in the building technology installations specialist Christ & Wirth Haustechnik GmbH as part of a succession solution.

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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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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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The European competition authorities and the EU Commission are taking account of the special circumstances of the Corona crisis. Here are the key points.

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The German Federal Cartel Office [Bundeskartellamt] has given the go-ahead for the launch of the digital trading platform "Unamera". The platform is intended to facilitate trade in agricultural products (especially for grains and oilseeds) between agricultural traders and farmers as well as processors. However, certain structural conditions must be met.

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In Germany, cases of the novel coronavirus have now been detected in 10 of the 16 federal states. Numerous companies are restricting or even suspending international business travel. Several events have been cancelled or postponed. At a machine manufacturer in southern Germany, because one of its employees is infected with the SARS-CoV-2 virus, all of the subsidiaries have now also been closed until Wednesday. In our Newsflash we have compiled the most important questions and answers for companies dealing with the spread of the virus.

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On 7 February 2020, the District Court of Munich I has rejected the up to now most extensive civil damage claim concerning the truck cartel (reference 37 O 18934/17). The judgment has put a severe damper on the business model of the legal service provider Financialright.

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Oppenhoff & Partner has provided comprehensive legal advice to the Munich-based private equity fund Family Trust Beteiligungsholding (FTI) on the acquisition of the Dietsch Polstermöbel Group based in Schmalkalden.

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Oppenhoff & Partner has restructured its management as of 1 January 2020: a new Executive Board (EB) unites the previous Board of Partners and Management Committee.

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