News-Archive

Oppenhoff has advised Schoofs Immobilien GmbH Frankfurt on the sale of the Rastal-Center, which is currently under construction, in the form of a share deal to the Irish investment fund manager Greenman and its fund Greenman OPEN.

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Since 2017, companies have been required to submit a non-financial statement on their corporate social responsibility compliance for each financial year. The existing reporting standards, which are considered inadequate, are to be revised by mid-2022 and will already become mandatory for the 2023 reporting year, and for small and medium-sized listed companies from 2026 onwards. Affected companies are advised to monitor ongoing developments, address their own reporting obligations in good time and already set up the appropriate structures now.

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The German Federal Labour Court [Bundesarbeitsgericht - BAG] has ruled on important issues relating to short-time work, simultaneously providing both legal certainty and surprises. Our labour law experts explain the key points of the decisions below.

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Oppenhoff has advised VHV Allgemeine Versicherung AG on the acquisition of 91.1 percent of the shares in the Northern Italian ITAS subsidiary Assicuratrice Val Piave SpA. The remaining shares are held by external shareholders. The acquisition is still subject to clearance by the Italian authorities.

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Oppenhoff has advised Munich-based private equity investor Family Trust on all legal aspects of the acquisition of the outsourcing service provider novia Handels GmbH & Co. KG, which is headquartered in Iserlohn and has subsidiaries in Hong Kong and China.

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Oppenhoff has advised the AustriaEnergy Group on the complex structuring of a cutting edge Power-to-X joint venture with its partner Ökowind and the Danish fund management company Copenhagen Infrastructure Partners (CIP). The joint venture’s purpose is the joint ownership and joint development of the HNH Project in the region of Magallanes in the south of Chile.

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The Higher Administrative Court [Verwaltungsgerichtshof - VGH] of Munich has confirmed that so-called "old hands" are exempt from the examination of their expertise (“Sachkundeprüfung”) as insurance brokers, but not from the obligation to undergo regular further training (decision of 12 August 2021, 22 ZB 20.1840).

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The new Competition Register is not without consequences for companies. The impact on business with the public sector is all too readily underestimated. A company’s entry in the Competition Register on grounds of a criminal or administrative offence leads to its mandatory or optional exclusion from public procurement procedures for at least three years. Does this just have to be accepted? No. The entry can be deleted prematurely through successful self-cleaning measures.

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Oppenhoff has advised the founders and shareholders of the Sunovis Group on the sale of the enterprise to the asset manager Brookfield. The sale took place within the framework of a competitive bidding procedure set up by Lazard. Details of the transaction were not disclosed.

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The German Lobby Register Act (Lobbyregistergesetz - LobbyRG) came into force at the beginning of 2022. Since 1 January 2022, it has been possible to register on the website of the German Bundestag, as the registration office, and to make entries in the lobby register.

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