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ARTICLE · 13 JANUARY 2020

2019 Year-End German Law Update

Since the end of World War II, Germany's foreign policy and economic well-being were built on three core pillars: (i) a strong transatlantic alliance and friendship, (ii) stable and influential ...

GermanyCorporate/Commercial Law

Since the end of World War II, Germany's foreign policy and economic well-being were built on three core pillars: (i) a strong transatlantic alliance and friendship, (ii) stable and influential international institutions and organizations, such as first and foremost, the EU, but also others such as the UN and GATT, and, finally, (iii) the rule of law. Each of these pillars has suffered significant cracks in the last years requiring a fundamental re-assessment of Germany's place in the world and the way the world's fourth largest economy should deal with its friends, partners, contenders and challengers. A few recent observations highlight the urgency of the issue:

  • The transatlantic alliance and friendship has been eroding over many years. A recent Civey study conducted for the think tank Atlantic-Brücke showed that 57.6% of Germans prefer a "greater distance" to the U.S., 84.6% of the 5,000 persons polled by Civey described the German-American relationship as

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