Germany

German Government proposes IT Security Act

On 20 August 2014, the German Federal Ministry of the Interior presented a draft legislation that introduces mandatory IT and cyber security measures designed...

Germany: Bundestag ratifies UN Convention against Corruption

The German Bundestag voted in favor of the ratification of the UN Convention against Corruption on Thursday evening. The Bundesrat, the second German legislative...

EU Tightens Sanctions Against Russia Again

 Only on July 30, 2014, the EU had significantly intensified its sanctions against Russia in reaction to the developments in the Ukraine. As tensions...

EU: New time limits for contractually agreed payment terms

On July 29, 2014 the law on combating late payment in commercial transactions came into force. It serves to implement the Directive 2011/7/EU of...

New German anti-bribery regulation on bribing members of parliament entering into force

On September 1, 2014 the anti-bribery regulation governing bribery of members of parliament was tightened by the new Sec. 108e StGB (German Criminal Code) entering into...

Mandated Corporate Social Responsibility Reporting: Coming Soon to a Country Regulating You

Disclosure of environmental, human rights and social risks is moving from its home between the glossy pages of voluntary reports into the hard-nosed realm of mandatory legal requirements, as evidenced by recent developments in the European Union and India.

German Federal Office for Economics and Export Control publishes new guidance on exports to...

On August 12, 2014, the German export control authority, the Federal Office for Economics and Export Control (Bundesamt für Wirtschaft und Ausfuhrkontrolle – “BAFA”)...

The Federation of German Corporations’ General Counsel proposes draft bill which obliges companies to...

May 19, 2014 - The standing working group compliance of the Federation of German Corporations' General Counsel (Bundesverband der Unternehmensjuristen, “BuJ”) has proposed a...

First successful extradition by US DOJ on antitrust charge

On April 4, 2014, the Antitrust Division of the Department of Justice (“DOJ”) announced the first successfully litigated extradition on an antitrust charge. The...

German court defines compliance duties of board of directors

The District Court in Munich, Germany (file no 5 HKO 1387/10) recently handed down a decision which defines the compliance-related duties of the board...

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