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New European Insolvency Regulation

New European Insolvency Regulation

The new European Insolvency Regulation increases the chances for companies to avoid insolvency through restructuring using an autonomous approach. Innovations are available for SMEs as well as for corporations. In the European judicial system, insolvency proceedings have been coordinated and regulated based on the European Insolvency Regulation since 2002. Once ... Read More »

Compliance advisors: economical & safe for SMEs

Compliance advisors: economical & safe for SMEs

Compliance is also becoming increasingly important for SMEs. The position of the external compliance officer is a good way to make your own company compliant. It provides a flexible and economically viable alternative, especially for suppliers and exporting companies Criminal records, cartels, breach of trust, corruption, problems with security and ... Read More »

Penalty fees in the UAE

Penalty fees in the UAE

The UAE’s Ministry of Economy enforces existing statutory dual licensing of non-independent branch offices. Contrary to the existing 20-year administrative practice of the Department of Economic Development (DED) in Dubai, companies now face penalties. Until recently, it was possible to license and operate non-independent branch offices of companies located in ... Read More »

Extension of the period of notice in the probation period

Extension of the period of notice in the probation period

Reference to collective bargaining agreements is widespread practice. Caution is advised, however, if contradictions to the contents of additional provisions of the employment contract appear. The Case In his employment contract, the employer made reference to the provisions of the collective bargaining agreement. Accordingly, the first six months of the ... Read More »

From Dusk till Dawn

From Dusk till Dawn

In case of collective dismissals, companies are required to undergo a consultation process with the works council. The process is complicated, full of formal requirements and prone to errors. The Federal Labor Court has now provided important clarification concerning the length and substance of the consultation. The work of those ... Read More »

Revocation of an appointment to the management board based on a withdrawal of confidence

Revocation of an appointment to the management board based on a withdrawal of confidence

The Federal Court of Justice (BGH) judged previously disputed legal questions regarding the dismissal of a management board member based on a withdrawal of confidence by the annual general meeting in favor of the shareholders. The withdrawal of confidence does not have to be explained. A corresponding resolution of the ... Read More »

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