News

On 27 April 2020, the German Government approved the 17th Amendment of the German Foreign Trade and Payments Ordinance (Außenwirtschaftsverordnung, AWV). This entails a stricter regime of investment screening in Germany. The new rules entered into force on 1st May 2021. In order to ensure the smooth execution of already planned investments, it is essential for investors to prepare for the new procedures. We have summarised the most important points for you.

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Oppenhoff has advised the global cosmetics chain SEPHORA on the leasing of office and retail space for its new German headquarters and a flagship store in the Schadow Arkaden in Düsseldorf.

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Oppenhoff has advised AUCTUS on its investment in STRANET AG and Smaser AG via funds managed by AUCTUS.

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On 9 November 2020, the European Council and the European Parliament agreed on new regulations for the control of exports, brokering, technical assistance, transit and transfer of dual-use items. Since the Dual-use Regulation came into force in 2009, it has already been amended several times. The list of controlled items was adjusted annually. As early as in 2016, it became clear that the existing regulation would have to be adapted to the rapid technological, economic and political changes. After years of discussions by the EU Council and EU Parliament, an amendment to the Dual-use Regulation is now within reach. The final draft of this agreement has now been published.

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Oppenhoff has advised VHV Versicherungen on the acquisition of the Eucon Group. The seller is the British private equity fund HgCapital. The parties have agreed not to disclose the purchase price.

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The leading commercial law firm Oppenhoff & Partner continues to be very highly recommended by in-house counsel in Germany. These are the findings of the newly published study "Kanzleimonitor 2020/2021". In the largest study of its kind in Germany, Oppenhoff achieved seventh place in the overall ranking according to number of recommendations.

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The COVID 19 crisis is currently dominating the everyday life of companies and defining the legal issues of current relevance. For example, many companies are asking themselves whether the strict antitrust rules are actually still applicable during the crisis and whether they are allowed to cooperate with competitors, for example in order to ensure the secure supply of products. In view of the sometimes drastic price increases for products in high demand, many buyers will have wondered whether this price hike is still permissible.

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In order to counteract the threatening economic consequences of coronavirus, the Federal Ministry of Finance [Bundesministerium der Finanzen, BMF] and the Federal Ministry for Economic Affairs and Energy [Bundesministerium für Wirtschaft und Energie, BMWi] already announced in a joint statement issued on Friday a package of measures to mitigate the impact, which already included tax deferrals, an adjustment of advance tax payments and a waiver of enforcement measures.

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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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The leading commercial law firm Oppenhoff continues to be highly recommended by in-house counsel in Germany. These are the findings of the study "Kanzleimonitor 2019/2020", which was conducted in over 800 legal departments. The participants made more than 8,000 recommendations, spread over 32 different fields of law.

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Oppenhoff & Partner has advised Frankfurt-based private equity fund Finatem on its acquisition of the Food & Service Group, Mülheim a.d. Ruhr. Oppenhoff’s services comprised, inter alia, the legal and tax due diligence as well as the legal and tax structuring of the transaction.

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Oppenhoff & Partner has been named Law Firm of the Year 2019 in the West at the JUVE Awards. With the annual awards, the editorial staff of the renowned industry publishing house honours commercial law firms that have attracted special attention as being particularly dynamic due to their client work and market position.

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Oppenhoff & Partner has advised the CCE Group on the realisation of the 87 MWp solar park "La Huella" in northern Chile. Oppenhoff advised on the contracts for the construction, operation and maintenance of the solar park (EPC and O&M contracts) and supported the negotiations with the contractor via its Latin America Desk.

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Industry 4.0, online contracts for insurance policyholders, recall risks for wearables or the management of rights via the blockchain. The Digital Academy offers legal and specialist departments training in concrete projects in the field of digitisation in personal meetings or interactive online sessions.

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Oppenhoff & Partner prepares German country report for European Commission study.

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Oppenhoff & Partner has been nominated as Law Firm of the Year for Employment Law, Law Firm of the Year for Compliance and Law Firm of the Year for M&A by the renowned JUVE publishing house for the legal sector. No law firm has received more nominations for the "JUVE Awards" to be announced at the end of October in Frankfurt. With the Awards, the editorial staff honours law firms and legal departments for their outstanding work and their positive, dynamic development. The basis for all nominations is the extensive work carried out by the editorial team, which evaluates information gleaned from many discussions with and written questionnaires completed by clients, partners, junior lawyers and judges.

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Oppenhoff & Partner has advised the Zurich Group Germany on the assumption of 100 percent of the shares in the Berlin startup dentolo Deutschland GmbH for its direct insurer DA Direkt.

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