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U.S. Attorney General Holder gives federal prosecutors 90 days to hold individuals accountable for the financial crisis

U.S. Attorney General Holder gives federal prosecutors 90 days to hold individuals accountable for the financial crisis

In a public appearance at the National Press Club yesterday, U.S. Attorney General Eric Holder said that he has given federal prosecutors a 90-day deadline to evaluate whether they can bring civil or criminal cases against any individuals for their role in the 2008 financial crisis. Holder stated that federal prosecutors ... Read More »

Management responsibility prior to the bankruptcy particularly with regard to the financial resources

Management responsibility prior to the bankruptcy particularly with regard to the financial resources

A natural consequence of the financial crisis is an increased focus on companies’ sustainability with regard to continued operations and thus the management’s responsibility to ensure that the company’s financial resources are sufficient and justifiable at all times. 1. Management’s responsibility It may be very difficult to distinguish between justifiable ... Read More »

Germany: The first Minimum Wage Act (Part II) – Extensive new obligations for foreign employers too?

Germany: The first Minimum Wage Act (Part II) – Extensive new obligations for foreign employers too?

The first German Minimum Wage Act (MiLoG) came into force at the start of 2015. However, many questions remain unresolved and foreign employers in particular are objecting to its application. The German Confederation of Trade Unions (Deutsche Gewerkschaftsbund – DGB) reports on its website attempts to get around the payments ... Read More »

Recent tide of class-action lawsuits should worry employers using background checks

Recent tide of class-action lawsuits should worry employers using background checks

A new wave of class-action lawsuits should concern any employer that regularly uses background checks in making employment decisions. These lawsuits allege violations of the Fair Credit Reporting Act (FCRA), the federal law that regulates the collection and use of consumer credit information. Many employers are unaware that FCRA also ... Read More »

German Law: Subletting an apartment with “AirBnB” can lead to termination of tenancy agreement without notice

German Law: Subletting an apartment with “AirBnB” can lead to termination of tenancy agreement without notice

The Berlin regional court ruled that unauthorized subletting of an apartment is a violation of a tenancy agreement that allows the landlord to immediately terminate the tenancy agreement without further notice and warning (LG Berlin, Az 67 S 360/14). Berlin is popular among tourists. They often use the website AirBnB ... Read More »

Supreme Court reverses holding that implied warranty of habitability extends to subsequent purchasers

Supreme Court reverses holding that implied warranty of habitability extends to subsequent purchasers

In Conway v. Cutler Group, Inc., 57 A.3d 155 (Pa. Super 2012), the PennsylvaniaSuperior Court held for the first time that a subsequent buyer of a home, who has no contractual privity with the contractor, can nonetheless assert claims against the contractor for beach of the implied warranty of habitability. ... Read More »

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