Aug 01, 2023 Fifteen years after introducing the “trend setting” interest barrier rule, German Finance Ministry proposes further interest cap rule By Katharina Kubik Philipp Redeker Viktoria Keil The German Federal Ministry of Finance (BMF) recently released the draft “Growth Opportunities Act” (Wachstumschancengesetz). If enacted,...
Dec 08, 2022 Wirecard shareholder claims for damages rank behind all creditor claims in landmark insolvency ruling By Marcus Lerch Patrick Schroeder Shareholders are among the many who have lost money in the multi-billion euro insolvency of the former DAX30 payment provider Wirecard...
Oct 19, 2022 A new and changing geopolitical backdrop: the European Commission's 2023 work programme By Natalie Pettinger Kearney On 18 October the European Commission published its 2023 work programme, consisting of a Communication and relevant Annexes – link here. ...
Oct 05, 2022 ESG and more - BaFin updates its MaRisk By Holger Hartenfels Falko Glasow Jan Struckmann On 26 September 2022, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin)...
Sep 28, 2022 UK revocation of retained EU financial services law By Andrew Marsh A quick summary “Retained EU law” governing financial services will be revoked. But, with some exceptions, its substance will largely be...
Aug 27, 2020 Jurisdiction upheld in Portigon AG v Kingdom of Spain: project finance lenders are afforded investment treaty protection By Carsten Wendler Gregorio Pettazzi On 20 August 2020, the ICSID arbitration tribunal in Portigon AG v Kingdom of Spain rendered a ground-breaking decision that opens the...
May 11, 2020 State aid: Commission publishes conditions for COVID-19 recapitalisations by member states By Andreas von Bonin The EU Commission has published a further amendment to its 19 March guidance document on state aid in reaction to the COVID-19...