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Major Developments in German Competition Law in January-July 2020

Client Information Competition Law -  31.07.2020

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.

SZA ADVISES ISARIA WOHNBAU AG ON THE SALE OF ONE GROUP

Press Release Mergers & Acquisitions -  23.07.2020

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.

Court of Justice of the European Union invalidates the EU/US "Privacy Shield"-regime – Transfer of personal data from EU to US now only possible subject to narrow conditions

Client Information Data Protection Law -  17.07.2020

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... >>>

Schilling, Zutt & Anschütz advises on the sale of the SAP-Towers in Eschborn

Press Release Real Estate -  10.07.2020

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 advises StoryBox GmbH on financing round

Press Release -  20.05.2020

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.

New Government Proposals on Significantly Tighter German Foreign Direct Investment (FDI) Rules in the Wake of the Corona Crisis

Client Information Mergers & Acquisitions -  28.04.2020

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... >>>

Effects of the COVID-19 Pandemic on the Real Estate Industry

Client Information Real Estate -  30.03.2020

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... >>>

Competition law and State aid: Opportunities to mitigate the effects of Covid-19

Client Information Competition Law -  26.03.2020

The Covid-19 pandemic also has a significant impact in the areas of competition law and State aid. In the current crisis, companies may find it necessary to cooperate or merge with other market participants, to exchange information with competitors (possibly within the framework of associations), to control the resale of products by customers or to take advantage of State aid. This client... >>>

Judicial Deadlines During Pandemics

Client Information Litigation & Arbitration -  23.03.2020

The current developments around the corona virus raise questions of how to deal with court deadlines. In addition to the obvious possibilities of extending and postponing deadlines, the related but more general question about how to design proceedings in the event of crises is coming into focus. This client information first discusses the legal situation regarding court deadlines during... >>>

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