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'Phoenix' and 'Cuckoo' Businesses: Liability Risks Related to Business Transfers

September 2009 - Finance . Legal Developments by GSK Stockmann + Kollegen.

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A recent Federal Court of Justice ruling highlights the risks of taking over and carrying on an existing business using a business name which is identical or similar to that used previously. Any party partaking in an asset deal involving the transfer of German business operations must be aware of several pitfalls in order to avoid liability.

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Karl von Hase

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