Transparency Register in Germany: Observe Deadlines And Avoid High Fines
Reform of the Transparency Register forces action In 2017, the Transparency Register for Germany (transparenzregister.de) was introduced and has since been...
Archive for the category ‘German Business Law’
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Business Judgement Rule: 5 Basic Rules For Dutiful Action in Germany
In the event of the disclosure of compliance violations, but also in the event of damages incurred within the company as a result of measures ordered or...
Compensation For GDPR Damages Only in The Event of Damage That Has Actually Occurred
Any person in Germany who has suffered damage due to GDPR violations is entitled to claim damages against the responsible company. Hence, even minor violations...
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Do Companies in Germany Need to Report Ransomware Attacks?
Companies in Germany are increasingly falling victim to ransomware attacks. Attackers use malware to restrict or altogether prevent access to company data in...
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Compliance: Avoiding Liability Traps in German Companies
In simple terms, compliance means adherence to or conformity with rules. The term is used as a synonym for the organizational and supervisory measures within a...
Prohibition of Competition When A German LLC Partner Withdraws
Regulation in the articles of association The articles of association state, among other things, that no partner may acquire an interest in a competing company...
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EU Commission Adopts New GDPR Standard Contractual Clause
With the new standard contractual clause, the EU Commission has introduced an important instrument for international data transfer. But what are the...
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Compliance Management Structures in Germany: An indispensable tool for release from liability
Developments in recent years regarding directors’ and officers’ liability make it clear: The personal – otherwise unlimited – liability...
“Best Effort” obligations in the acquisition of companies and in contracts in Germany
In contracts, such as company purchase agreements or supply agreements, there are often clauses according to which a party is not wholly obliged to perform...
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No materiality threshold for damages under the GDPR?
Damages as a sanction under the GDPR The General Data Protection Regulation (GDPR) empowers supervisory authorities to impose heavy fines. These fines can be...
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Categories
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