News-Archive

The new Sanctions Regulation (EU) 2022/576 prohibits contracting authorities from awarding contracts to companies with links to Russia. This also applies if subcontractors with a connection to Russia have a share of more than 10% in the specific contract. As of 11 October 2022, contracts concluded with such companies prior to 9 April 2022 may no longer be performed and thus have to be terminated. The German Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support [Bundesamt für Ausrüstung, Informationstechnik und Nutzung der Bundeswehr, BAAINBw] has developed a form for its contractors to declare that they have no links to Russia.

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At the latest since the launch of the Russian war of aggression against Ukraine in February 2022, economic sanctions have been on everyone's lips. The concept is not new, however. Rather, it is a long-established instrument, also used by the EU, to impose sanctions against certain legal entities, natural persons, groups of persons or countries in order to enforce political interests and compliance with international law.

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The International Comparative Legal Guide - Project Finance 2022 has now been published! Our colleagues Wolfgang Kotzur (Finance), Nefail Berjasevic (Insolvency), Marc Krischer (Tax) and Stephan Müller (Compliance / Foreign Trade) contributed the German chapter.

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The constitutional complaint lodged by the Luxembourg Amazon Services Europe S.à r.l. against the high-profile decision of the Regional Court of Hanover of 22 July 2021 concerning an alleged violation of the principle of procedural equality of arms has been unsuccessful: the German Federal Constitutional Court did not accept the constitutional complaint for decision.

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Oppenhoff has advised Schoofs Immobilien GmbH Frankfurt on the conclusion of a forward deal with the Irish investment fund manager Greenman and its Greenman Open fund. The shopping complex that is the subject matter of the contract is currently being built on an approx. 20,000 m² site at the foot of Montabaur Castle.

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The Higher Administrative Court [Verwaltungsgerichtshof, VGH] of Munich has ruled that outstanding tax debts of an insurance broker can lead to the revocation of the broker's licence (decision of 18 January 2022, 22 ZB 21.2643).

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On 6 April 2022, the EU Commission published guidelines for member states on dealing with foreign direct investment from Russia and Belarus. In these guidelines, the EU Commission calls on member states to make particular use of their national investment screening instruments for investors from these countries, making reference to EU Screening Regulation.

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Oppenhoff has acquired Ursula Rutovitz as new Head of Business Development & Marketing. The former German Head of the TMF Group has been supporting the firm in its business development and further dynamic growth since 1 May 2022.

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Oppenhoff has advised Next.e.GO Mobile SE on the conclusion of a testimonial agreement with soccer sensation Neymar Jr., who will become e.GO Mobile’s new global brand ambassador.

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Oppenhoff has advised the Horn & Co. Group on the merger of its European recycling activities with RHI Magnesita. By merging their production, both companies will increase the use and supply of secondary raw materials for the European refractories industry.

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