148 results found

Commentary to a judgment of the District Court of Kiel from April 2018

On Friday, 2 December 2022, the eagerly awaited reasons for the BAG's decision in the time-clock ruling were published. With astonishing clarity, the Senate, under Presiding Judge...

The Situation: The European Securities and Markets Authority ("ESMA") has fined several banks for negligently issuing credit ratings on a professional basis ...

The Federal Financial Supervisory Authority (BaFin) has published new Minimum Requirements for Risk Management (WpI MaRisk) specifically designed for small and medium-sized investment firms in Germany. These regulations will introduce significant changes to compliance functions and outsourcing requirements, fundamentally reshaping how these firms manage regulatory obligations and operational risks.

The European Securities and Markets Authority has published a consultation paper proposing significant amendments to guidelines governing post-trade communication between investment firms and professional clients under the Central Securities Depositories Regulation. These changes mandate electronic standardised machine-readable messaging protocols, eliminate oral communication from regular workflows, and align regulatory expectations with the EU's transition to a T+1 settlement cycle taking effect in Octobe

Das Gesetz zur Einführung von elektronischen Wertpapieren, über dessen verschiedene Entwurfsstadien (Referentenentwurf vom 11. August 2020 und Regierungsentwurf vom 14. Dezember 2020)...

2017 was a record year for class action securities litigation, and life sciences companies continued to be popular targets of such lawsuits.

Spanish working time law only requires that employers systematically measure their employees' working hours in case of overtime.

Germany's financial regulator BaFin has issued comprehensive guidance consolidating its administrative practices for corporate takeovers under the WpÜG.

An enhanced vacation entitlement on grounds of age where employees who have not yet reached the age of 50 are granted at least three days less

This booklet presents a summary overview of the corporate authorizations for capital raisings, convertible bond issuances and share repurchases of all German DAX and MDAX companies as of July 2019.

The European Parliament's ECON Committee has published two draft reports on the Market Integration and Supervision Package that significantly expand ESMA's direct supervisory powers...

Germany's financial regulator Bafin has published new risk management requirements specifically designed for small and medium-sized investment firms, marking a significant shift from the previous practice of applying credit institution rules. The WpI-MaRisk framework, effective January 2027, provides tailored supervisory expectations that better align with the unique characteristics and business models of investment firms. Investment firms now face the critical task of conducting gap analyses and restructur

Patrick Spaeth and Felix Werner spoke to Export Compliance Manager about Germany's Due Diligence Act, which the German Federal Cabinet passed to address the obligations of companies

When a contractor faces financial distress, companies often make direct payments to the contractor's upstream suppliers to maintain supply chain continuity.

Content Creator rücken zunehmend in den Fokus der Finanzbehörden. In Nordrhein-Westfalen hat die Steuerfahndung kürzlich eine eigene...

Through the Draft Act, the German legislator also seeks to amend the scope of financial reporting for listed companies and major shareholding reporting requirements.