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  • GRP Rainer Rechtsanwälte – Assessment of suitable arrangements for business succession

    GRP Rainer Rechtsanwälte – Assessment of suitable arrangements for business succession

    Published: 25 Apr 2019

    A lot of small and medium-sized businesses are or will soon be faced with the issue of business succession. However, searching for a suitable successor can prove challenging in many cases. According to a study conducted by the Kreditanstalt für Wiederaufbau (KfW), the German reconstruction loan corporation, over 500,000 small and medium-sized businesses are set to make plans for business su...

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  • GRP Rainer Rechtsanwälte – Experience dealing with claims relating to D&O insurance

    GRP Rainer Rechtsanwälte – Experience dealing with claims relating to D&O insurance

    Published: 24 Apr 2019

    In recent times, public pressure has continued to mount on managers in cases involving claims arising from damage or loss. Governing bodies and executives can insure themselves against the risk of liability by taking out a D&O insurance policy. Managers, boards of directors, managing directors as well as other governing bodies and executives bear a great deal of responsibility and are subjec...

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  • GRP Rainer Rechtsanwälte – Assessing a settlement clause after termination of managing director’s employment contract

    GRP Rainer Rechtsanwälte – Assessing a settlement clause after termination of managing director’s employment contract

    Published: 16 Apr 2019

    A settlement clause may be invalid if material circumstances are withheld from a termination agreement between company and managing director. A company that wants to part ways with a managing director often concludes a termination agreement. This agreement typically includes a settlement clause, according to which the parties agree to indemnify each other against all mutual claims. We at the com...

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  • AUSTRALIAN BUSINESS: INTERNATIONAL EXPANSION INTO THE US PART 1 – STRUCTURE

    AUSTRALIAN BUSINESS: INTERNATIONAL EXPANSION INTO THE US PART 1 – STRUCTURE

    Published: 15 Apr 2019

    When expanding your business into a foreign jurisdiction one of the first things to consider is whether your overseas activities give rise to a tax presence in the country you are engaging with. In an environment where every country is seeking to recover their fair share of tax dollars, the bar for having tax exposure overseas is pretty low and a small amount of overseas sales can deem an Australi...

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  • AUSTRALIAN BUSINESS: INTERNATIONAL EXPANSION INTO THE US PART 2 – TAXES

    AUSTRALIAN BUSINESS: INTERNATIONAL EXPANSION INTO THE US PART 2 – TAXES

    Published: 15 Apr 2019

    This article continues from Part 1 of the series about Australian businesses expanding into the US. Part 2 takes a closer look at key tax concepts in the US and practical considerations about commencing business operations. Taxes Contrary to Australia where income tax and GST are imposed on a federal level, in the US most states and sometimes individual counties may impose income, sales and fr...

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  • NIGERIAN GOVERNMENT TO AWARD GAS FLARE COMMERCIALIZATION CONTRACTS IN Q3 2019

    NIGERIAN GOVERNMENT TO AWARD GAS FLARE COMMERCIALIZATION CONTRACTS IN Q3 2019

    Published: 15 Apr 2019

    The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has revealed that Nigeria will award contracts for its flared gas by the third quarter of the year. No fewer than 800 companies had bid for management of 176 gas flare sites in the country with 226 bidders having paid the stipulated fees. The Minister lamented that Nigeria had over the years failed to properly utilize its gas resour...

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  • INTERESTING FACTS ABOUT HOLDING AN ICO IN MALTA

    INTERESTING FACTS ABOUT HOLDING AN ICO IN MALTA

    Published: 11 Apr 2019

    If you are wondering where to register a company and get a license under ICO, then our experts can recommend you to pay attention to Malta. In 2018, the legislature of this small state adopted a number of regulations that regulate in detail the ICO procedure. Before choosing a jurisdiction for a company under an ICO, it is necessary to analyze the difficulties and to know the main pitfalls tha...

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  • Heavy fines for violating EU Geo-Blocking Regulation

    Heavy fines for violating EU Geo-Blocking Regulation

    Published: 10 Apr 2019

    Regulation (EU) 2018/302, i.e. the EU Geo-Blocking Regulation, has been in force since December 3, 2018. It obliges merchants to allow cross-border shopping. Violations may be met with severe penalties. The Geo-Blocking Regulation is supposed to prevent unlawful discrimination in online shopping on the basis of citizenship, residence or the location of an establishment within the EU internal mar...

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