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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
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Germany > Legal Developments > Corporate & Commercial > Law firm and leading lawyer rankings

Editorial

Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Hengeler Mueller advises owners on sale of stake in Boxine to Armira

September 2019 - Corporate & Commercial. Legal Developments by Hengeler Mueller .

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The owners of Boxine GmbH, a producer and distributor of award-winning audio-systems for children, have sold a stake in the company to Munich-based industrial holding Armira and selected co-investors. The founders remain executive directors of Boxine GmbH and shareholders of the company.

Hengeler Mueller advises HELLA GmbH & Co. KGaA on issuance of bond

September 2019 - Corporate & Commercial. Legal Developments by Hengeler Mueller .

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HELLA GmbH & Co. KGaA, one of the world's leading automotive suppliers for lighting and electronics, has successfully placed a corporate bond with a volume of € 500 million and a term of over seven years on the capital market. The coupon on the bond, which matures on 26 January 2027, is 0.5 percent.

Hengeler Mueller advises innogy on sale of its stake in Slovakian VSEH to RWE

innogy SE has sold its 49 per cent stake in the business of the Slovakian VSEH (Východoslovenská energetika Holding a. s.), based in Kosice, to RWE. VSEH is a holding company whose subsidiaries are engaged in the business of electricity supply and distribution as well as retail in Slovakia.

Hengeler Mueller advises Omnicare Holding on sale of majority stake in Omnicare group to Equistone

Equistone Partners Europe ("Equistone") acquires a majority stake in Omnicare group, a German pharmaceutical wholesaler. Seller is Omnicare Holding, in which a consortium of shareholders is bundled. It will retain a significant stake in the company. The acquisition is subject to approval by antitrust authorities.

Hengeler Mueller advises Silver Lake on FlixMobility funding round

Hengeler Mueller advised Silver Lake on the latest funding round of FlixMobility, the parent company of the global mobility platforms FlixBus and FlixTrain.

Hengeler Mueller advises excellence group Berlin University Alliance

The Berlin University Alliance has qualified as a consortium for a funding in the Universities of Excellence competition of the German federal and state governments. With their joint proposal entitled "Crossing Boundaries toward an Integrated Research Environment", the four Berlin partners – Freie Universität Berlin, Humboldt-Universität zu Berlin, Technische Universität Berlin, and Charité – Universitätsmedizin Berlin –were able to convince the reviewing Excellence Commission in a highly competitive process. As of November 1, 2019, they will receive up to 196 million euros for an initial period of seven years.

Hengeler Mueller advises Accel on participation in further sennder funding round

Accel has, together with other co-investors, participated in the Series C funding round of the Berlin-based logistics startup company sennder. Accel had initially invested in the digital road-freight-forwarder as part of the Series B financing in spring.

Hengeler Mueller advises METRO AG in respect to public takeover offer

EP Global Commerce VI GmbH, a holding company owned by Daniel Křetínský and Patrik Tkáč announced on 21 June 2019 to make a voluntary public takeover offer to the shareholders of METRO AG for the acquisition of all ordinary and preference shares. The offer shall be subject to a certain minimum acceptance threshold of all ordinary shares in METRO AG which shall be sufficient in the view of the bidder to secure approval for a domination and profit and loss transfer agreement with METRO AG after settlement of the offer. Furthermore, it will be subject to merger control clearances and other customary conditions. According to its own statements the bidder aims for full operational control over METRO AG.

Hengeler Mueller advises Sonic on sale of its interest in GLP Systems

Sonic Healthcare Limited ("Sonic") (SHL.AX) has sold its indirect 85% shareholding in GLP systems GmbH ("GLP") to Abbott Laboratories ("Abbott"). Abbott has also acquired the remaining 15% interest in GLP.

Hengeler Mueller advises Axel Springer SE on strategic partnership with KKR

Axel Springer SE has signed an investor agreement with a holding company owned by funds advised by investment firm Kohlberg Kravis Roberts (KKR) and investment entities controlled by Friede Springer and CEO Mathias Döpfner to create a strategic partnership.

Axel Springer wins status proceedings with Hengeler Mueller

The Berlin Regional Court has rejected a claim on the appointment of employee representatives to the supervisory board of Axel Springer SE, brought by Konrad Erzberger with support of members of the works council and the labour union ver.di. In its decision, which has not yet become final, the court has come to the conclusion that the supervisory board of Axel Springer SE is correctly composed, since it consisted only of shareholder representatives before the conversion into a European Stock Corporation (SE) in order to protect the journalistic activities of the publishing house. The decisive factor was the non-co-determination practised at the time of conversion (actual vs. legally required state). This issue is of great relevance when establishing an SE and is much contested amongst Regional Courts. Although it was not crucial for the case at bar, the court indicated that Axel Springer had rightly made use of the freedom from co-determination as a result of the journalistic autonomy ("Tendenzschutz") at the time of conversion, i.e. all legal requirements had been fulfilled. Freedom from co-determination is perpetuated in the SE.

Hengeler Mueller advises Linde on sale of selected Korean assets to IMM Private Equity

Linde plc has completed the sale of selected assets of Linde Korea to IMM Private Equity Inc. in connection with the recent merger between Linde AG and Praxair, Inc. and requirements of the Korea Fair Trade Commission.

Lessons in Cross-Border M & A Transactions

The fundamental advice for international business transactions is obvious and easy to understand: different countries have different laws, business habits and cultures. These differences may range from minor nuances, such as lengthy French business lunches or unusual Spanish office hours, to significant legal roadblocks, such as strict European employment laws.

Restriction of the shareholder’s right to information

According to a judgment of the German Federal Supreme Court from February 2010, the general assembly (Hauptversammlung) of a stock corporation (“Corporation”) may resolve to include a provision in its articles of association which comprehensively empowers the chairman to reasonably restrict the time available to shareholders to debate during the shareholder’s meeting.

Procedures for Mergers and De-Mergers to be simplified

The German Federal Ministry of Justice has submitted a draft bill introducing revisions to the German Transformation Act (Um­wand­lungs­ge­set­z). The draft provides for a simplification of mergers and de-mergers of companies and would in particular have an impact on the reorganization of stock corporations. The main goal of the bill is to reduce the bureaucratic obstacles that accompany the transformation and reorganization of companies.

Finance for small and medium enterprises in times of fi nancial crisis

May 2009 - Corporate & Commercial. Legal Developments by SIBETH .

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Since the collapse of Lehman Brothers in September 2008, the global fi nancial crisis has intensifi ed dramatically and grown to become a world-wide economic crisis. The conventional fi nance and banking system has imploded and is experiencing a “melt-down”, and it is uncertain how it is going to end.

Obligation to inform the target’s works council prior to take-overs

On August 19th, 2008 the Risk Limitation Act (RLA) took effect, which substantially increased the obligations to sufficiently inform the employees of a company to be acquired ("Target") about the acquisition by a prospective buyer ("Buyer"). The official goal of the RLA is to impede takeovers by financial investors such as hedge funds and private equity funds.

 

 

The impact of the new German Limited Liability Companies Act on managing directors

Mission accomplished: After lengthy discussions, the new German Limited Liability Companies Act (LLCA) finally came into force on November 1, 2008. Indeed, the legislators have done a good Job even though only time will show whether the LLCA in fact can bring more legal certainty and flexibility into the landscape of German corporate law.

New German Gambling Regulations

The new state treaty on gambling (the "Treaty") came into effect at the beginning of this year. The 16 federal states which have the authority to pass regulations in regard to gambling in Germany were challenged to modify the existing regime due to a decision of the Federal Constitutional Court in which the court had declared the then existing gambling regime as unconstitutional.

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International Law Firm Networks