Juergen Krupp – GC Powerlist
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Luxembourg 2024

Industrials and real estate

Juergen Krupp

General counsel and vice president, EMEA | Gates Industrial Europe

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Luxembourg 2024

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Juergen Krupp

General counsel and vice president, EMEA | Gates Industrial Europe

Team size: Eight 

 

First, can you please give us an idea of the sort of work your team has done recently? 

The specific tasks and projects my team is working on can vary widely depending on the nature of the company and its industry, but some common areas of focus include:

Contract review and negotiation. Reviewing, drafting, and negotiating contracts with vendors, customers, partners, and other parties.

Compliance. Ensuring that the company complies with relevant laws, regulations, and industry standards, such as data protection laws, employment laws, environmental regulations, and financial regulations.

Risk management. Identifying legal risks and developing strategies to mitigate them, such as implementing policies and procedures to prevent legal issues from arising.

Intellectual property. Protecting the company’s intellectual property rights, including trademarks, copyrights, patents, and trade secrets, and enforcing those rights against infringement.

Litigation and dispute resolution. Handling disputes, lawsuits, and other legal proceedings involving the company, either by representing the company in court or by managing external counsel.

Corporate governance. Advising on corporate governance matters, such as board meetings, shareholder issues, and corporate structuring.

Employment law. Advising on employment-related matters, including hiring and termination, discrimination and harassment claims, employee benefits, and labour relations.

Mergers and acquisitions. Assisting with due diligence, negotiation, and documentation for mergers, acquisitions, and other corporate transactions.

Regulatory affairs. Monitoring and advising on regulatory developments that affect the company’s business operations, and advocating for the company’s interests with regulatory agencies.

Training and education. Providing legal training and education to employees to ensure compliance with legal requirements and promote awareness of legal issues relevant to their roles.

Overall, my in-house team plays a crucial role in helping the company navigate legal challenges and achieve its business objectives while minimising legal risks and ensuring compliance with applicable laws and regulations.

 

What particular industry trends are you seeing in the legal sector in Luxembourg? 

The news remains dominated by the ongoing conflicts in Ukraine, Israel, and the Gaza strip, but so far, the impact on the legal market in Luxembourg has been limited.  Several firms mentioned a brief slowdown, particularly in terms of M&A activity, as people were initially cautious, but this seems to be picking up again, though of course this may change if there is widespread disruption to supply chains. 

 

What is a cause, business related or otherwise, that you care about, and why?  

A cause that many individuals in the AI community and beyond are passionate about is ethical AI development. Ensuring that artificial intelligence systems are created and deployed with ethical considerations is crucial for addressing potential biases, ensuring transparency, and safeguarding against unintended consequences. Many advocates for ethical AI are pushing for responsible practices in areas such as algorithmic transparency, accountability, and fairness. 

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