Law and taxes in times of covid-19. Our regular update this time focuses on latest news concerning German state aid programs (bridging aid), updates on German tax and insolvency law and the plans of the German government for further economic aid programs. more…
Alternative Funds – Global Practice Guide 2020
Germany is not a typical funds jurisdiction, such as Luxembourg or the Channel Islands. Nevertheless, German has a sizeable alternative funds sector with German-based funds and managers in place, for both direct investment funds as well as fund of funds. Besides domestic fund structures, many fund managers offer cross-border fund structures (such as a German master fund with non-German feeder funds for certain non-German investors). Some German fund managers also use pure non-German fund structures (mostly based in Luxembourg). more…
Private Banking & Wealth Management 2021 – Recent developments in Germany
M&A COVID-19 Update – the latest developments at a glance
In addition to the “SÄULE-II” rescue program for start-ups without venture capital participation, the extension of the bridging aid was approved. In addition, the obligation to file for insolvency for the reason for insolvency of the debt is suspended until December 31, 2020. more…
Data in the M&A Transaction
Data play an increasingly important role in companies and therefore require special attention in M&A transactions. PE-Magazin-author Christine Funk gives advice on how data should be taken into account in M&A transactions and which pitfalls should be considered. more…
German government extends Corona aid measures
At the end of August, the coalition committee decided to extend some Corona aid measures. The bridging aid for small and medium-sized companies will be granted until the end of the year, as will the suspension of the obligation to file for insolvency. Short-time working allowances will now also be paid for longer. . more…
Technology Transfer Funds – Bridging the Gap between Science and Business
At MUPET 2020, Raluca Deaconu of the European Investment Fund (EIF) and PE-Magazin-author and P+P-lawyer Dr. Simon Schachinger discussed how technology transfer funds can help to build a bridge from basic research to marketable products. more…
Corporate Governance 2020 – Law and practice in Germany
This article contains a summary of the pertinent aspects of company law and corporate governance practices in Germany. more…
Experiences, Role and Outlook of the EIF in Times of COVID-19
Carsten Just, the Head of the ERP-EIF facility, and David Peroz, a Senior Associate working for P+P Poellath + Partners and currently seconded to work for the European Investment Fund (EIF) in Luxembourg, discuss the experiences, the role and outlook of the EIF during the ongoing COVID-19 pandemic. more…
Fund Management 2020 – Law and Practice in Germany
Learn more about the pertinent aspects of regulatory law concerning fund management, fund managers and those marketing funds in Germany. more…
German Federal Government provides further economic aid
At the end of July, the Federal Cabinet adopted the draft of the European Recovery Plan (ERP) Economic Plan 2021. This will enable small and medium-sized enterprises to receive low-interest financing and equity capital worth billions of euros in the coming year. Further topics of our news update are the Business Closure Insurance, the Supply Chain Act and the labour law innovations in the meat industry. more…
COVID-19 – Impact on secondary market transactions
The COVID-19 pandemic has brought about far-reaching changes worldwide. The secondary market with fund units has not been spared. more…
CJEU declares Privacy Shield invalid
On July 16, 2020 the Court of Justice of the European Union (CJEU) passed a groundbreaking ruling on Privacy Shield and standard contractual clauses – with significant implications for international data transfer. more…
Regulation of Private Equity Funds in the US – What European Fund Managers should know
The US market is also an interesting investment target for German and European fund managers. But the legal regulation is complex. more…
ILPA Best Practices in 2020 – Principles 3.0, Model LPA, DDQ and Sublines
The Institutional Limited Partner Association (ILPA) regularly publishes recommendations and concrete contractual clauses for the structuring of private equity funds, the next revision is planned for this summer. A video workshop as part of MUPET 2020 will explore these plans. more…