ArticlePrivatisation of Public Utilities in GermanyGermanyFinance and BankingHerbert Smith Freehills Kramer LLP
ArticleEU & German Merger Control BriefingMerger control issues should be considered early in any transaction timetable. European UnionInternational LawWatson, Farley & Williams
ArticleCourt Of Justice Of The European Union Clarifies Obligations Of Bankruptcy Courts To Assess Unfair Contract Terms In Consumer Insolvency ProceedingsOn 3 July 2025, the Court of Justice of the European Union (CJEU) published its judgment in Case C-582/23 (Wiszkier) (the Judgment). GermanyConsumer ProtectionPwC Legal Germany
ArticleReal Estate Investment Trusts: A New Investment Tool For The Secondary German Real Estate MarketOn May 28, 2007, the German legislature implemented a law on German real estate investment trusts ("REITs"), effective retroactively to January 1, 2007. GermanyStrategyJones Day
ArticleECB-SSM Set Enhanced Supervisory Focus On Digital Transformation Strategies And The Use Of FinTechOn 15 February 2023, the European Central Bank's (ECB) acting in its role as the head of the Banking Union's Single Supervisory Mechanism (SSM) published a document setting out...GermanyTechnologyPwC Legal Germany
ArticleESMA Consults On Technical Advice On Listing Act ImplicationsAs set out in an earlier Client Alert, the EU's Listing Act package was formally adopted in October 2024, published in the EU's Official Journal (OJ) on 14 November 2024 and entered into force on 4 December 2024.European UnionFinance and BankingPwC Legal Germany
ArticleESMA Publishes Supervisory Briefing On The Use Of Tied Agents Under MiFID IIOn 2 February 2022, the European Securities and Markets Authority published a supervisory briefing regarding its expectations in relation to investment firms use of tied agents within the MiFID II framework. European UnionFinance and BankingPwC Legal Germany
ArticleBaFin To Focus On Six Main Risks And Two Future Risks In 2022The German Federal Financial Supervisory Authority (BaFin) has identified six main risks for the German financial sector for 2022, which it intends to address as a priority during the current supervisory cycle. GermanyFinance and BankingPwC Legal Germany
ArticleEIOPA Publishes Results Of Its First Mystery Shopping ExerciseOn 17 June 2025, the European Insurance and Occupational Pensions Authority (EIOPA) released its inaugural report on a coordinated mystery shopping exercise examining the sales process for Insurance-Based Investment Products (IBIPs) across eight EU Member StatesGermanyFinance and BankingPwC Legal Germany
ArticleESMA Publishes Final Report And Final Draft RTS On Investment Firms' Order Execution PoliciesOn 10 April 2025, the European Securities and Markets Authority (ESMA) published its Final Report and (in Annex II thereto) the Final Draft regulatory technical standards...GermanyFinance and BankingPwC Legal Germany
ArticleLoan Origination And Loan Restructuring By German AIFs – New Administrative Practice Of The BaFinEver since the financial crisis of 2008/2009, lending activities of non-banks – including investment funds – have become more important. GermanyFinance and BankingAllen & Overy LLP
ArticleNavigating European Financial Supervision: Institutions, Hard Law And Soft Law In PracticeEuropean financial regulation has grown substantially in complexity over the past two decades. Multiple institutions operate at global, European and national levels, each with a distinct mandate, legal basis and range of instruments. GermanyFinance and BankingDMR Legal
ArticleRevised EuVECA Regulation ApprovedThe European Parliament and now also the Council have approved a revision of the EuVECA Regulation. The revised EuVECA Regulation contains some important changes for managers of EuVECA funds.GermanyFinance and BankingPOELLATH
ArticleThe legal form of a European Stock Corporation is an interesting alternative for mid-sized partnerships and also for large corporationsA European Stock Corporation (“Societas Europaea”, abbreviated “SE”) is a type of corporation which can be established in any European Union member state pursuant to European Law. GermanyFinance and BankingMayer Brown
ArticleReform Of The EU Securitisation Framework—Part 10: Changes To The Liquidity Coverage Ratio (LCR) RegulationOn 17 June 2025, the European Commission (the "Commission") published its proposed measures to revive the securitisation framework in the European Union ("EU"), with a view to making it simpler and more fit for purpose.European UnionFinance and BankingJones Day
ArticleFocus Abroad: Corporate Insolvency In GermanyFive years after the new German Insolvency Code ( Insolvenzordnung) came into Insolvenzordnung force, German insolvency law is of considerable interest to both the national and international business communities. GermanyInsolvency/Bankruptcy/Re-StructuringJones Day
ArticleJoint ESA Response To The EU Commission On Digital FinanceThe three European supervisory authorities, EBA, EIOPA and ESMA (ESAs), published a joint report on February 7, 2022, in response to the European Commission's February 2021 call for views on digital finance. European UnionFinance and BankingPwC Legal Germany
ArticleAMLA Signs MoUs With ECB-SSM And ESAs On Cooperation And Information Exchange In The Performance Of Their Respective TasksOn 27 June 2025, the EU's new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) signed a Memorandum of Understanding (MoU) with the European Central Bank (ECB)...GermanyFinance and BankingPwC Legal Germany