GLG News by Lawyers (Germany)

As the company struggles to improve an image tarnished by corruption the supervisory board of the German engineering conglomerate Siemens AG announced on May 20 already that it has tapped Peter Loescher as its new CEO. The announcement ended weeks of uncertainty over who would take over leadership of...

The German government has been discussing necessary measures for a business tax reform for months. In February 2007 a draft was published summarizing the planned amendments. A lively discussion regarding the proposed changes ended in an amended draft which passed the Bundestag (Lower House of Parliament)...

Porsche made an offer to buy the shares which it does not already own in Volkswagen AG at a price lower than the current stock exchange rate. This offer has not been successful – and Porsche is pleased with this result. This analysis shows, why that is.

Plans to regulate hedge funds are on their way in Germany. This analysis focuses on the regulatory corner points actually discussed and their impact on the investors. The Federal Ministry of Finance (BMF) is planning a law for the delimitation of financial market risks which is to come into force parallel...

A CEO presents great financial figures – and has to step down. Unthinkable? Well, not really as you will find out while reading this analysis. Siemens, one of Europe’s largest engineering companies, has been hit by a series of corruption scandals in recent months revolving around the payment by some...

Now it’s official. The buyout bid is on the table and the shareholders are not pleased at all. But why is that? This analysis provides full background information and shows why there is no indication that the offer will be changed. Luxury goods retailer PPR, previously known as Pinault-Printemps-Redoute,...

This analysis presents in greater detail the facts behind the move by Porsche and explains why Porsche is not planning to completely take over VW for the time being. Germany’s financial regulators have approved a takeover offer for Volkswagen AG made by automaker Porsche AG, which it was forced to...

In its Placanica decision of 6 March 2007, the ECJ ruled that is inconsistent with Community law to criminally sanction the cross-border provision of sports betting. However, several questions remained open. National courts still argue under what circumstances a monopoly with regard to sports betting...

The European Commission has published on 10 January a set of findings and possible new measures related to the power and gas sectors. DG TREN, the part of the Commission responsible for energy policy, suggests that unbundling and regulatory controls must be strengthened as part of...

The European Commission will publish a package of findings and possible new measures related to the power and gas sectors on 10 January.The work of DG COMP and DG TREN on their analyses has been closely coordinated.Anti-trust actions, or threats of action, combined with proposals to introduce a third...