Kategorie: Politics Law Society

BaFin determines that compensation is payable to depositors of insolvent Greensill Bank As was to be expected, the Bundesanstalt für Finanzdienstleistungsaufischt (BaFin) – Germany“s Federal Financial Supervisory Authority – has…

LG Berlin overturns fine for GDPR violation In a remarkable ruling from February 18, 2021, the Landgericht (LG) Berlin – the Regional Court of Berlin – declared a million-euro fine…

COVID-19: Provider of business closure insurance to pay out around 760,000 euros for closed bars In a ruling from February 19, 2021, the Landgericht (LG) Düsseldorf – the Regional Court…

FG Düsseldorf: A foreclosure sale is a private sales transaction Unlike in the case of eminent domain, the foreclosure of a property may constitute a private sales transaction. That was…

Exchange of financial information with Turkey delayed – Submit a voluntary declaration now As part of efforts to combat cross-border tax evasion, it appears that Turkey has yet to provide…

BGH: No guidance on right of withdrawal means realtor not entitled to commission According to a ruling of the Bundesgerichtshof (BGH) – Germany“s Federal Supreme Court – property buyers can…

OLG Dresden – Commercial rent reduction a legitimate response to COVID-19 A retailer is allowed to lower the net rent (exclusive of heating, lighting and other service costs) by 50…

Bundeskartellamt imposes million-euro fines in response to illegal arrangements The Bundeskartellamt – Germany“s Federal Cartel Office – has imposed fines totaling approx. 175 million euros on five aluminum forging companies…

Distributing FFP2 masks free of charge in breach of competition law Groups deemed to be at risk can redeem vouchers for FFP2 masks. Pharmacies that waive the two-euro personal contribution…

BGH: D&O insurer liable for payments made after the onset of insolvency The insurer behind a D&O policy is liable for payments made after the onset of insolvency. That was…

BFH: Obtaining an expert opinion on purchase price allocation of land In the event of a dispute between a taxpayer and the tax authorities regarding the allocation of the fair…

OLG Hamm on reporting illegality in e-commerce A company is not in breach of competition law if it reports illegality by a competitor on an online e-commerce platform and the…

LG München: No risk of confusing advertisements featuring maritime themes The Landgericht (LG) München – Regional Court of Munich – has ruled that consumers were not being misled by two…

FG Düsseldorf: Demolition of inherited family home may retrospectively give rise to estate tax The demolition of your parent“s home post-inheritance may lead to a retrospective loss of tax-exempt status.…