Monthly Dose of Germany
We would like to share some interesting insights into the German Legal market and recent developments as well as interesting events and publications with you.
Group-wide regulation of remuneration systems
Modifications of the remuneration rules in the group context by IVV 4.0 and EBA Guidelines on Sound Remuneration Policies 2.0
The revised version of the Remuneration Ordinance for Institutions (Institutsvergütungsverordnung, IVV 4.0) and the revised EBA Guidelines on Sound Remuneration Policies (EBA/GL/2021/04, GSR 2.0), which came into force on 31 December 2021, include a modification of the requirements for the group-wide regulation of remuneration systems, which affected institutions must take as an opportunity to update their group-wide remuneration strategy. In this Client Alert, we discuss the revised regulatory requirements and initial practical experience with their implementation.
We at Deloitte Legal Germany have had the opportunity to advise on quite a few transactions and would be happy to discuss opportunities that we see and services that we can offer in the field of M&A, including carve-out transactions, with you. Hereinafter, we would like to provide an overview on a recent transaction that our teams have advised on.
Acquisition of Räuchle:
Deloitte advises Winning Group on the acquisition of Räuchle
Acquisition of PWK-Group:
Deloitte Legal advises Winning Group on the acquisition of automotive supplier PWK-Group
We are delighted to welcome a new partner in our Frankfurt Office, who joined Deloitte Legal in May 2022:
Deloitte Legal is strengthening its cross-location Dispute Resolution & Litigati-on team at its Frankfurt/Main office. Francis Bellen will be appointed partner at Deloitte Legal as of May 1, 2022. At Deloitte Legal, Francis Bellen will support the Dispute Resolution & Litigation service line. Francis Bellen joins Deloitte Legal together with Iris Kruse, who joins as a counsel. With this addition, the Dispute Resolution & Litigation service line grows to more than 15 highly specialized lawyers.
Deloitte Legal Webcast Series
In our German language Deloitte Legal Update webcast series, we address current legal issues - both in dealing with COVID-19 and the consequences of the Pandemic, as well as other legal trends and developments that are important for corporate practice.
Topics recently featured in our Webcast Series included, by way of example:
- W&I Insurance from the stakeholder's perspective: Our experts presented the Warranty & Indemnity insurances based on a life cycle of a company acquisition from the perspective of the parties involved.
- The planned Whistleblower Protection Act and its transformation under German law and what companies need to pay attention to now. Wednesday, 1 June 2022 | 11:00 - 11:45 a.m. Register here (Webcast in German language)
A list of all the webcasts we have already held, including downloads of the German language presentations, can be found here.
Should you be interested in topics discussed during one of our German language Webcasts, do not hesitate to contact the respective presenters – they will be delighted to provide you with additional information in the English language.
EU further expands existing sanctions regime