Business Organization Plans for German GmbHs Help Reduce Liability Risks
If a limited liability company under German law (GmbH) has several managing directors, they have joint authority to conduct the company’s business. This...
Archive for the category ‘German Business Law’
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Brexit: Contingency measures for data protection in Germany
The effective date, on which Britain leaves the EU, is currently expected to be March 29, 2019. After the House of Commons rejected the Brexit deal negotiated...
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First GDPR Fine Imposed in Germany
After a hacker attack on the chat platform “Knuddels”, the social media company was fined a five digit amount by the fines office of the State...
Compensation for the Expulsion of a German GmbH’s Shareholder
When a shareholder is expelled from a limited liability company under German law (GmbH) and his share redeemed, he is entitled to receive compensation. The...
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Video Surveillance of Employees in Germany – When Do Video Recordings Have to Be Deleted?
An ever increasing number of employers are considering to monitor their employees by video surveillance if they suspect them of not fulfilling their duties...
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Payment Services Directive (PSD II) Under Privacy Law: Challenges for Payment Services Providers
New regulations for payment services providers in Europe Payment services have seen significant technical innovations in recent years. These led to a fast...
Protection Against Cyberattacks for German Banks and FinTechs
Digital attacks against banks and financial services providers pose major challenges not only on that sector but also on the legislator and the financial...
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German government blocks company acquisition by foreign investors for the first time
Ban expected based on the new Foreign Trade and Payments Ordinance (Außenwirtschaftsverordnung; “AWV”) In July 2017, an amendment to the German...
A Face-off between Facebook and Digital Heirs in Germany
Karlsruhe, Germany, July 12, 2018. It’s another tiny notch in David’s belt in his battle with Goliath. Germany’s Federal Court of Justice...
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Identify Weaknesses in Data Protection and Profit from Synergy Effects
For several weeks, companies have been obliged to apply the European General Data Protection Regulation (GDPR). The two-year transitional period is definitely...
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