In the course of a transaction in which a company or shares in a company are sold in whole or in part, family-law provisions must often be observed. In this context, the Higher Regional Court of Saarbrücken and the Higher Regional Court of Oldenburg have recently commented on two cases of practical relevance, namely the obligation to obtain the approval of the other spouse in the case of disposition and the approval of a transfer of the limited partner’s share in favor of minors.
https://honert.de/wp-content/uploads/honert_logo_270px.png00Ester Hahnhttps://honert.de/wp-content/uploads/honert_logo_270px.pngEster Hahn2020-03-31 08:20:002020-03-31 12:05:08IMPORTANCE OF FAMILY-LAW PROVISIONS IN THE CONTEXT OF COMPANY ACQUISITIONS
By implementing the so-called Fifth Anti-Money Laundering Directive into German law, the Transparency Register has undergone numerous changes for companies, shareholders and beneficial owners. There is a concrete need for action, especially for companies with regard to their reporting obligations.
https://honert.de/wp-content/uploads/honert_logo_270px.png00Ester Hahnhttps://honert.de/wp-content/uploads/honert_logo_270px.pngEster Hahn2020-03-31 08:10:002020-03-31 14:27:23TRANSPARENCY FOR EVERYONE?! NEW REGULATIONS WITH REGARD TO THE TRANSPARENCY REGISTER AFTER THE IMPLEMENTATION OF THE FIFTH EUROPEAN ANTI-MONEY LAUNDERING DIRECTIVE INTO GERMAN LAW.
On 1 January 2020 the law on transposing the so-called Fifth European Anti-Money Laundering Directive into German Law became effective. Some of the resulting changes in the German Money Laundering Act pose new challenges for companies of the non-financial sector, especially for commercial and industrial companies. Companies should counter these by adapting their money laundering compliance system.
https://honert.de/wp-content/uploads/honert_logo_270px.png00Ester Hahnhttps://honert.de/wp-content/uploads/honert_logo_270px.pngEster Hahn2020-03-31 08:00:002020-03-31 11:59:24KNOW YOUR CUSTOMER – BETTER! NEW CHALLENGES FOR COMPANIES IN THE NON-FINANCIAL SECTOR AFTER TRANSPOSING THE FIFTH EUROPEAN ANTI-MONEY LAUNDERING DIRECTIVE INTO GERMAN LAW
The discharge of a managing director is at the discretion of the shareholders’ meeting and is approved by the management of the company. To what extent is this discretion restricted if the manager has violated the duties assigned to him? Can the shareholders of the GmbH & Co KG make direct claims against the managing director of the limited partnership general partner at all? The Higher Regional Court of Frankfurt decided on the effectiveness of a discharge for a managing director of a limited partnership general partner who had not noticed for years that an employed administrator of the company had embezzled money.
https://honert.de/wp-content/uploads/honert_logo_270px.png00Ester Hahnhttps://honert.de/wp-content/uploads/honert_logo_270px.pngEster Hahn2020-03-31 07:50:002020-03-31 11:56:38NO DISCHARGE FOR A MANAGING DIRECTOR OF A LIMITED PARTNERSHIP GENERAL PARTNER IN CASE OF SEVERE VIOLATION OF HIS ORGANIZATIONAL AND SUPERVISORY DUTY
The Annual Tax Act 2019 came into force on 1 January 2020. In addition to measures for tax incentives for electromobility, changes have been made to, inter alia, the Income Tax Act, the Trade Tax Act and the Value Added Tax Act. Some of the new amendments that are particularly relevant for shareholders, employers and commercial enterprises are briefly presented in this newsletter article.
https://honert.de/wp-content/uploads/honert_logo_270px.png00Ester Hahnhttps://honert.de/wp-content/uploads/honert_logo_270px.pngEster Hahn2020-03-09 15:29:032020-03-09 15:35:00honert consults Klinge Pharma on the acquisition of various brands of dermatology products in Europe and Latin America
IMPORTANCE OF FAMILY-LAW PROVISIONS IN THE CONTEXT OF COMPANY ACQUISITIONS
/in 2020 Q1/by Ester HahnIn the course of a transaction in which a company or shares in a company are sold in whole or in part, family-law provisions must often be observed. In this context, the Higher Regional Court of Saarbrücken and the Higher Regional Court of Oldenburg have recently commented on two cases of practical relevance, namely the obligation to obtain the approval of the other spouse in the case of disposition and the approval of a transfer of the limited partner’s share in favor of minors.
TRANSPARENCY FOR EVERYONE?! NEW REGULATIONS WITH REGARD TO THE TRANSPARENCY REGISTER AFTER THE IMPLEMENTATION OF THE FIFTH EUROPEAN ANTI-MONEY LAUNDERING DIRECTIVE INTO GERMAN LAW.
/in 2020 Q1/by Ester HahnBy implementing the so-called Fifth Anti-Money Laundering Directive into German law, the Transparency Register has undergone numerous changes for companies, shareholders and beneficial owners. There is a concrete need for action, especially for companies with regard to their reporting obligations.
KNOW YOUR CUSTOMER – BETTER! NEW CHALLENGES FOR COMPANIES IN THE NON-FINANCIAL SECTOR AFTER TRANSPOSING THE FIFTH EUROPEAN ANTI-MONEY LAUNDERING DIRECTIVE INTO GERMAN LAW
/in 2020 Q1/by Ester HahnOn 1 January 2020 the law on transposing the so-called Fifth European Anti-Money Laundering Directive into German Law became effective. Some of the resulting changes in the German Money Laundering Act pose new challenges for companies of the non-financial sector, especially for commercial and industrial companies. Companies should counter these by adapting their money laundering compliance system.
NO DISCHARGE FOR A MANAGING DIRECTOR OF A LIMITED PARTNERSHIP GENERAL PARTNER IN CASE OF SEVERE VIOLATION OF HIS ORGANIZATIONAL AND SUPERVISORY DUTY
/in 2020 Q1/by Ester HahnThe discharge of a managing director is at the discretion of the shareholders’ meeting and is approved by the management of the company. To what extent is this discretion restricted if the manager has violated the duties assigned to him? Can the shareholders of the GmbH & Co KG make direct claims against the managing director of the limited partnership general partner at all? The Higher Regional Court of Frankfurt decided on the effectiveness of a discharge for a managing director of a limited partnership general partner who had not noticed for years that an employed administrator of the company had embezzled money.
TAX AMENDMENTS ARISING FROM THE ANNUAL TAX ACT 2019
/in 2020 Q1/by Ester HahnThe Annual Tax Act 2019 came into force on 1 January 2020. In addition to measures for tax incentives for electromobility, changes have been made to, inter alia, the Income Tax Act, the Trade Tax Act and the Value Added Tax Act. Some of the new amendments that are particularly relevant for shareholders, employers and commercial enterprises are briefly presented in this newsletter article.
honert consults Klinge Pharma on the acquisition of various brands of dermatology products in Europe and Latin America
/in Deal Announcements, Deal Announcements/by Ester Hahn