Archive News

Schilling, Zutt & Anschütz advises Nolte GmbH & Co. KGaA on the carve out of its subgroup Nolte Furniture. The seven companies based in Germersheim, Rhineland Palatinate (comprising Nolte Möbel GmbH & Co. KG, Express Möbel GmbH & Co. KG, Express Möbel Geschäftsführungsgesellschaft mbH, Nolte Geschäftsführungsgesellschaft mbH, Rhein Logistik GmbH, Nolte Service GmbH and Nolte Mobel (UK) Ldt.), will... >>>

Apheris AI GmbH was founded in 2019 in Cologne. The start-up enables enterprises to collaborate and analyse data securely without compromising privacy. Their AI-based solutions allow data scientists to access data of third party in a privacy-preserving manner.

Schilling, Zutt & Anschütz is expanding its transaction practice with new partner Dr. Martin Kolbinger (46) who has joined SZA's Munich office on August 1, 2020.

Also in competition law the first half of 2020 was dominated by the coronavirus, which lead to legislative as well as procedural measures. In addition, the newsletter deals with further exciting developments in German competition law, above all the spectacular decisions in the Facebook and Rail Cartel cases, which will bring about interesting legal developments.

Schilling, Zutt & Anschütz advised Südzucker AG on the renewal of a EUR 600 million commercial paper programme. DZ BANK AG is arranger of the programme and ten banks have been appointed as dealers. Deutsche Bank AG acts as issuing and paying agent.

SZA Schilling, Zutt & Anschütz advised ISARIA Wohnbau AG on the sale of ONE GROUP to SORAVIA Group. ISARIA Wohnbau AG is one of the leading project developers in Munich. ONE GROUP is an established provider of investment products in the residential real estate segment. In recent years, the company has issued and reinvested investment products with a total volume of over EUR 450 million.

Update “Schrems II”/EU-US Privacy Shield: German media reported that the European Court of Justice clearly expects its “Schrems II”-ruling to be followed by data protection authorities with immediate effect. Thus, companies cannot expect an extended transitional (grace) period and need to immediately review the data flow into Non-EU countries. In an updated client briefing (available in English... >>>

BBS GmbH, a business located in Schiltach (Germany) has filed for insolvency at the competent local court Rottweil. Thomas Oberle, partner at German law firm SZA Schilling, Zutt & Anschütz was appointed preliminary insolvency administrator.

Schilling, Zutt & Anschütz has advised two investor consortia formed by Neo Capital Limited, London and Dubai, on the sale of the SAP-Tower in Eschborn by way of a share deal. As the sole lessee, SAP uses the property, among other things, as a sales and demonstration center in connection with "SAP Digital Studio".

Schilling, Zutt & Anschütz advised the current majority shareholder of Nolte Holzwerkstoff GmbH & Co. KG with establishing a joint venture with the Saviola-Group.

Schilling, Zutt & Anschütz advised a group of investors compris-ing Renolit, Solvay Participations Belgique, the High-Tech Grün-derfonds and Ffilipa Venture Capital on a series-A financing round of 3D-printer developer Kumovis GmbH.

Schilling, Zutt & Anschütz advised StoryBox GmbH, Munich, on its Pre-Series A financing round. BayBG Bayerische Beteiligungsgesellschaft mbH, High-Tech Gründerfonds and CK Venture Capital invested in StoryBox to foster the company’s further growth. StoryBox GmbH's software solution enables companies to create and organize smartphone-based videos for any application scenario.

The German foreign direct investment regime has historically been regarded as market-liberal. Following a series of earlier changes in 2017 and 2018, with a legislative bill for the amendment of the German Foreign Trade Act (Außenwirtschaftsgesetz) put forward by German government in early April 2020, this conclusion may now be (more) difficult to support. Formally on the background of the... >>>

The COVID-19 pandemic has reached the real estate industry. In the week before April 1, 2020, many companies announced that they would not pay rent due to the effects of the COVID-19 pandemic. Other companies requested deferral or reduction of rent due to the im-pact of the COVID-19 pandemic. Many lessees also raised the question of whether the closing down of shops and restaurants by authorities... >>>

Schilling, Zutt & Anschütz, under the joint lead of partners Dr. Marc Löbbe and Dr. Oliver Schröder is advising ISARIA Wohnbau AG on the sale of major real estate projects and the associated platform for project development to companies of the Deutsche Wohnen Group.