Dear friends and colleagues,
Here is our latest edition of our International Briefing pointing out important legislative developments that may be relevant for you or your client's business operations in Germany:
As digital business models penetrate all spheres of life the questions whether an App or another form of consumer facing online service operators qualifiy as an "online platform" under the Digital Services Act is critical. If your German business could fall into this category, be aware of new rules applicable as of February 2023.
2023 may be a year of increased distressed M&A. In Germany, better buy a business after insolvency has been declared rather than before, we explain why.
ESG continues its path from soft to hard law: The Corporate Sustainability Reporting Directive (CSRD) recently came into force at EU level and must now be transposed into national law by the EU member states. This will lead to a considerable widening of the range of companies subject to reporting requirements throughout the EU.
Furthermore, we have updates for you regarding the (potential and future) use on English in German court proceedings, the legal qualification of e-mail statements in business transactions, the use of employee participation plans and new rules affecting transactions for international companies exiting Russia.
Should you be in Europe at the end of March, we would be happy to catch up with you at 6th IBA Mergers and Acquisitions in the Technology Sector Conference in Berlin.
Enjoy the read! You can find the Newsletter here.
Dr Christian von Wistinghausen
