GLG News by Pharmaceutical and Biotechnology Experts: Lawyers (EU)

The heading of this article is phrased as if there where no deduction of interest payments on loans used to finance the acquisition of shares possible under German jurisdiction. But that is not the full story. As it is often the case when it comes to German tax law, things appear to be tricky. That...

EON, Germany’s biggest power producer, has set up a joint venture in Siberia with Russian energy group STS which will assist the company in its goal of building up a strong position in one of Europe’s largest and fastest growing markets. Both partners own a 50 % stake in the new company with the name...

This analysis provides an inside view on new aspects of the German tax law that might be of interest even for taxpayers not resident in Germany. Although the corporate tax system has been changed from the tax credit method to the half-income system in 2000/2001, many corporations have tax credits resulting...

“A marriage made in heaven” – that’s what the merger between Daimler and Chrysler was once called. Today we can read about their divorce and how they are looking around for potential new partners. This analysis gives a rough overview and comments on the future of the enterprise.

This analysis provides an inside view on new aspects of the German tax law that might be of interest even for taxpayers not resident in Germany. The taxation of compensation payments for example again was the subject of a case decided by the Federal Tax Court.

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...