Category: News

Specific Features of Civil Proceedings in Commercial Matters Involving a Foreign Party, 10/2017

The seminar presentation by NZP lawyer Nagy, held as part of the continuing legal education programme of the Munich Bar Association, is aimed at certified specialists in international business law as well as in commercial and corporate law, and at in-house counsel. It addresses the practically relevant specific features of private international law and international […]

Discounted Acquisition of Shares from the Employer as Employment Income

If an employee is granted the discounted acquisition of shares from the employer or from a third party in return for their work, this constitutes income from employment under Section 19(1) sentence 1 no. 1 in conjunction with Section 8(1) of the German Income Tax Act (EStG), to the extent that the employer sells the […]

The Chair of the Supervisory Board in Times of Modern Corporate Governance

As the number of legal obligations continues to grow and lawmakers and courts further tighten management liability, the work of supervisory boards is increasingly coming into focus. A substantially higher requirements profile and significantly increased liability risks particularly affect chairs of supervisory boards and supervisory board members with special areas of responsibility. I. Introduction German […]

Resale Price Maintenance in China in Contract Drafting

In 2013, the State Development and Reform Commission of the People’s Republic of China and the local pricing authorities of the affected provinces of Sichuan and Guizhou imposed unusually high fines on two of the best-known state-owned enterprises, amounting to approximately EUR 54 million in total. According to the authorities’ findings, both companies set minimum […]

Rights to Refuse Performance in the Case of Government Bonds

Neither a payment moratorium declared by a state nor debt restructuring agreements concluded with other bondholders give rise to a right to refuse performance under international law. The defendant state, Argentina, issued an 8% Deutsche Mark bond 1997/2009 in 1997 with a total nominal amount of DM 1 billion. The bond terms provided for the […]