News

Pandemics, wars and climate change lead to supply bottlenecks and shortages of raw materials. This also raises many legal questions regarding the drafting of contracts: Who bears the risk for goods that have already been sold if an upstream supplier cannot or will not deliver? Can the seller contractually adjust his obligation to deliver or his liability for damages vis-à-vis the buyer? How should he actually structure the contract with his supplier?

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Oppenhoff has again comprehensively advised the EIC Fund on its investments in Germany. The fund invested in the biotech start-up iThera Medical and the electro mobility start-up Onomotion.

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Oppenhoff advised Mesterheide Rockel Hirz Trowe AG Holding, the holding company of a leading industrial insurance broker in Germany, on the acquisition of Lurse AG. The sellers Matthias Edelmann and Birgit Horak will both join the group of shareholders of MRH Trowe-Group. Matthias Edelmann will also serve as a member of the management board of Mesterheide Rockel Hirz Trowe AG Holding.

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Cost increases, sales slumps, lack of liquidity: these days, companies are facing major challenges. When a company runs into difficulties, it needs experienced people who have knowledge of such situations and are able to support or even assume the management. To this end, companies are increasingly using the services of Chief Restructuring Officers (CROs) again. We explain what tasks the CRO typically takes on and what points need to be considered for this position from a legal perspective.

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On Wednesday 11 January 2023, the European Commission's Delegated Regulation (EU) 2023/66 of 21 October 2022, updating the list of dual-use items contained in Annex I to Regula-tion (EU) 2021/821 (the “EU Dual Use Regulation”), was published in the Official Journal of the EU. With its publication, the updated list comes into force as of 12 January 2023.

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The commercial law firm Oppenhoff is giving its namesake Michael Oppenhoff a special gift for his 85th birthday: it is endowing the Walter Oppenhoff Foundation with around 250,000 euros, thus securing its long-term future. The Foundation’s name is also being changed to the Walter and Michael Oppenhoff Foundation.

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The dangers in the area of cybercrime have been steadily increasing for years. The risks range from data theft and espionage to IT failures and production stoppages. In view of this, it comes as no surprise that several legislative procedures have already been introduced to raise security standards in information technology. However, with the new NIS-2 Directive, the addressees of the special cybersecurity regulations will increase significantly.

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On 20 December 2022, the German Act on the Introduction of an Electricity Price Brake [Gesetz zur Einführung einer Strompreisbremse, StromPBG] and the German Act on the Introduction of Price Brakes for Piped Natural Gas and Heat [Gesetz zur Einführung von Preisbremsen für leitungsgebundenes Erdgas und Wärme, EWPBG] came into force. Both Acts contain the basic principles of the so-called energy price brake and are intended, among other things, to provide relief for companies in light of the exorbitant rise in energy prices.

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Investments in the health care sector are very popular since the start of the COVID-19 pandemic. In Germany, there has been a particular interest in the strong German medical technology sector during the last years, not only from strategic but also from private equity investors.

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In packaging law, both European and national legislators are clearly picking up the pace. The obligation to offer reusable packaging comes into effect on 01 January 2023. Restaurant owners, delivery services, fast-food restaurants, fresh-food counters and other providers of take-away food now need to familiarise themselves with the new provisions of the German Packaging Act [Verpackungsgesetz, VerpackG] if they are to avoid fines.

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Just as the year draws to a close, there is one more piece of good news for employers: it was often the case to date that employees registered with the employment agency as unemployed after being dismissed by their employer. There, claims to default of acceptance wages were asserted. Frequently, either no or insufficient efforts to apply for jobs were made in such cases. In its decision of 30 September 2022 - 6 Sa 280/22, the Regional Labour Court [Landesarbeitsgericht, LAG] of Berlin-Brandenburg "certified" that an employee had made insufficient efforts to apply for a job and dismissed his claim to default of acceptance wages.

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On 16 December 2022 - and thus exactly three years after the EU Whistleblower Directive came into force - the Bundestag passed the new, long overdue German Whistleblower Protection Act [Hinweisgeberschutzgesetz, HinSchG]. Previously, the Legal Affairs Committee had made significant last-minute changes to the bill.

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German and European investors in the energy and commodities sector with an eye on the exchange between Chile and the EU - two like-minded regions sharing common democratic values and ambitious climate-change targets - can be pleased at the end of this year with the conclusion of negotiations on the modernization of the 2002 Association Agreement between Chile and the EU, which, among others, sets forth express provisions to secure European investors, offtakers and consumers access to green hydrogen, green ammonia, e-fuels and lithium in a sustainable way.

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The Oppenhoff partners have re-elected the management team for the next three years. The firm’s chairwoman Myriam Baars-Schilling, Dr Harald Gesell and Dr Jürgen Hartung are thus starting their second joint term of office and, together with COO Jörg Overbeck, will continue to form the firm's Executive Board.

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Today the ECJ ruled that a statute of limitations and a forfeiture of claims to (payment in lieu of) holiday could only come into consideration if the employer had fulfilled its cooperation obligations with regard to the holiday claim.

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In response to targeted attacks by Russia against civilians and civilian infrastructure in Ukraine, the European Union intends to increase pressure on Russia further with the ninth sanctions package. The package entered into force on 17 December 2022 and supplements the existing sanctions.

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The European competition authorities and the EU Commission are taking account of the special circumstances of the Corona crisis. Here are the key points.

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The German Federal Cartel Office [Bundeskartellamt] has given the go-ahead for the launch of the digital trading platform "Unamera". The platform is intended to facilitate trade in agricultural products (especially for grains and oilseeds) between agricultural traders and farmers as well as processors. However, certain structural conditions must be met.

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In Germany, cases of the novel coronavirus have now been detected in 10 of the 16 federal states. Numerous companies are restricting or even suspending international business travel. Several events have been cancelled or postponed. At a machine manufacturer in southern Germany, because one of its employees is infected with the SARS-CoV-2 virus, all of the subsidiaries have now also been closed until Wednesday. In our Newsflash we have compiled the most important questions and answers for companies dealing with the spread of the virus.

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On 7 February 2020, the District Court of Munich I has rejected the up to now most extensive civil damage claim concerning the truck cartel (reference 37 O 18934/17). The judgment has put a severe damper on the business model of the legal service provider Financialright.

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Oppenhoff & Partner has provided comprehensive legal advice to the Munich-based private equity fund Family Trust Beteiligungsholding (FTI) on the acquisition of the Dietsch Polstermöbel Group based in Schmalkalden.

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Oppenhoff & Partner has restructured its management as of 1 January 2020: a new Executive Board (EB) unites the previous Board of Partners and Management Committee.

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With effect from 1 January 2020, Oppenhoff & Partner has included Marc Krischer, LL.M. (tax law), Dr. Christoph Niemeyer, Dr. Markus Rasner (corporate law/M&A), Dr. Axel Wenzel, LL.M. (corporate law/succession, wealth & foundations) and Dr. Alexander Willemsen (employment law) in its circle of shareholders. Dr. Hanna Schmidt (IT&C) was made junior partner. The career steps follow the lawyers' contributions to sustainable client success in important growth areas.

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Oppenhoff & Partner has gained Dr. Gregor Seikel to further expand the corporate real estate and private clients practice groups. The corporate lawyer will be joining as a partner of Oppenhoff’s Frankfurt office on 1 January 2020.

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Oppenhoff & Partner has advised K1 Immobilien GmbH on the sale of the Lifestyle Centre “K1 Karree” in Mannheim to H.I.G. Capital. With its construction volume of 11,500 m², the mixed-use commercial property is one of the largest inner-city construction projects of recent years in Mannheim.

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