https://honert.de/wp-content/uploads/honert_logo_270px.png00Viktoria Bokovahttps://honert.de/wp-content/uploads/honert_logo_270px.pngViktoria Bokova2026-01-26 12:51:462026-01-26 12:51:49honert advises shareholders of BALDUR-Garten GmbH on the sale of company shares to Paragon Partners
On May 19, 2025, the Berlin Court of Appeal (Kammergericht – KG) issued a decision of practical significance concerning bad leaver clauses in shareholders’ agreements. The court clarified that an indefinite bad leaver clause, under which a dismissal or a termination for cause of the service contract of the managing director results in the complete […]
In July, we already discussed the new ruling by the German Federal Labour Court (BAG) regarding virtual share option rights (ESOP / VSOP). The now published written judgments with full reasoning provide further insight into the landmark decisions from March and warrant renewed analysis. In its reasoning, the BAG emphasizes that virtual share options are […]
https://honert.de/wp-content/uploads/honert_logo_270px.png00Daniel Nocentinihttps://honert.de/wp-content/uploads/honert_logo_270px.pngDaniel Nocentini2025-12-17 07:15:002025-12-17 14:32:08VESTING CLAUSES IN EMPLOYEE PARTICIPATION PROGRAMS PUT TO THE TEST – A FOLLOW-UP
In its decision of 9 July 2025 (Az. II B 13/25), the German Federal Fiscal Court (Bundesfinanzhof – BFH) expressed doubts as to whether real estate transfer tax (Grunderwerbsteuer) may be assessed twice if the signing (entering into the purchase agreement) and closing (transfer of ownership of the shares) of an acquisition of shares in a German limited liability company (GmbH) occur at different times and the tax […]
https://honert.de/wp-content/uploads/honert_logo_270px.png00Daniel Nocentinihttps://honert.de/wp-content/uploads/honert_logo_270px.pngDaniel Nocentini2025-12-17 07:00:002025-12-17 13:03:10REAL ESTATE TRANSFER TAX IN CASES WHERE SIGNING AND CLOSING OCCUR AT DIFFERENT TIMES
honert advises EMTEK on investment in Cubert GmbH
/in Deal Announcements/by Viktoria Bokovahonert advises Pheno-Inspect GmbH on seed financing round
/in Deal Announcements/by Viktoria Bokovahonert advises shareholders of BALDUR-Garten GmbH on the sale of company shares to Paragon Partners
/in Deal Announcements/by Viktoria BokovaLIMITS ON INDEFINITE BAD-LEAVER CLAUSES IN SHAREHOLDERS’ AGREEMENTS
/in 2025 Q4/by Daniel NocentiniOn May 19, 2025, the Berlin Court of Appeal (Kammergericht – KG) issued a decision of practical significance concerning bad leaver clauses in shareholders’ agreements. The court clarified that an indefinite bad leaver clause, under which a dismissal or a termination for cause of the service contract of the managing director results in the complete […]
VESTING CLAUSES IN EMPLOYEE PARTICIPATION PROGRAMS PUT TO THE TEST – A FOLLOW-UP
/in 2025 Q4/by Daniel NocentiniIn July, we already discussed the new ruling by the German Federal Labour Court (BAG) regarding virtual share option rights (ESOP / VSOP). The now published written judgments with full reasoning provide further insight into the landmark decisions from March and warrant renewed analysis. In its reasoning, the BAG emphasizes that virtual share options are […]
REAL ESTATE TRANSFER TAX IN CASES WHERE SIGNING AND CLOSING OCCUR AT DIFFERENT TIMES
/in 2025 Q4/by Daniel NocentiniIn its decision of 9 July 2025 (Az. II B 13/25), the German Federal Fiscal Court (Bundesfinanzhof – BFH) expressed doubts as to whether real estate transfer tax (Grunderwerbsteuer) may be assessed twice if the signing (entering into the purchase agreement) and closing (transfer of ownership of the shares) of an acquisition of shares in a German limited liability company (GmbH) occur at different times and the tax […]