Court of Justice Sentence on Subcontracting
With the sentence of the 26th of September 2019, cause C-63/18, the European Court of Justice has held the Italian legislation that limits, in a general and abstract manner, the portion of a contract that the tenderer is authorised to subcontract to third parties, as non-compatible with European law in subject of public contracts.
M&A deals subject to stricter controls
While M&A deals were still booming in Germany in 2018, the trend has since been downward. Apart from the state of the economy, stricter controls may also be responsible for this.
BAG: Notice of collective dismissal and effective termination
In the case of mass dismissals, an employer is allowed to go ahead and sign termination notices before the notice of collective dismissal has been received by Germany’s Federal Employment Agency, the Agentur für Arbeit. That was the verdict of the Bundesarbeitsgericht, Germany’s Federal Labor Court.
EGC: Chinese scooter not in breach of competitor’s intellectual property rights
A Chinese manufacturer of motor scooters is not in breach of an Italian competitor’s intellectual property rights. That was the verdict of the General Court of the European Union (EGC) in a ruling from September 24, 2019 (Az. T-219/18).
Hengeler Mueller advises Blackstone on acquisition of Dream Global
Hengeler Mueller, together with Simpson Thacher & Bartlett in London and New York, Davies Ward Phillips & Vineberg LLP in Toronto and various other European local counsel, advises funds managed by The Blackstone Group LP on the acquisition of Dream Global REIT ("Dream Global"). The Canadian real estate investment trust listed in Toronto and Frankfurt …
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Hengeler Mueller advises owners on sale of stake in Boxine to Armira
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
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 Elanco Animal Health on Bayer Animal Health Acquisition
Elanco Animal Health Incorporated today announced it had entered into an agreement with Bayer AG to acquire its animal health business in a transaction valued at $7.6 billion. The transaction will be financed by a 70% cash/30% equity combination.
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.
Costs incurred amending tax returns can be offset against estate tax
Heirs are obligated to amend or subsequently file the testator’s incomplete or missing tax returns.