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Recent News From GRP Rainer LLP

  • Wallpaper cartel – Heavy fines for illegal price fixing

    Wallpaper cartel – Heavy fines for illegal price fixing

    Published: 30 Jan 2018

    In its ruling of October 12, 2017, the Oberlandesgericht (OLG) Düsseldorf [Higher Regional Court of Düsseldorf] imposed fines totalling more than 19 million euros against members of the so-called Tapeten-Kartell, or “wallpaper cartel” (Az.: V-2 Kart 1-3/17). The 2nd Cartel Division of the OLG Düsseldorf came to the conclusions after 20 days of the trail that the cartel members had...

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  • GRP Rainer Rechtsanwälte – Experience with D&O insurance

    GRP Rainer Rechtsanwälte – Experience with D&O insurance

    Published: 25 Jan 2018

    Taking out a D&O insurance policy is supposed to reduce executives’ risk of liability. Experience shows that it is crucial to pay attention to details when taking out a policy. Mistakes made by a company’s executive bodies can have serious consequences for the entire business. Managers bear an extremely high level of responsibility for the company they work for and its staff. In addition to ...

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  • GRP Rainer Rechtsanwälte – Report on GmbH managing director’s obligation to contribute to social security

    GRP Rainer Rechtsanwälte – Report on GmbH managing director’s obligation to contribute to social security

    Published: 24 Jan 2018

    Whether the managing director of a GmbH, a type of German private limited liability company, is obligated to make contributions to social security is frequently a point of contention. Various different factors need to be considered when weighing things up. According to a report by the commercial law firm GRP Rainer Rechtsanwälte, a lack of awareness regarding a managing director’s obligatio...

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  • LAG Rheinland-Pfalz: Dismissal with immediate effect for damage to property effective

    LAG Rheinland-Pfalz: Dismissal with immediate effect for damage to property effective

    Published: 18 Jan 2018

    Serious breaches of duty by an employee may justify dismissal with immediate effect. Damage to property can constitute good cause justifying exceptional notice of dismissal with immediate effect. An employer is able to issue exceptional notice of dismissal with immediate effect if it has good cause for doing so and the individual circumstances of the respective case have been sufficiently accoun...

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  • GRP Rainer Rechtsanwälte: Assessing the grounds for dismissal with immediate effect

    GRP Rainer Rechtsanwälte: Assessing the grounds for dismissal with immediate effect

    Published: 12 Jan 2018

    Exceptional notice of dismissal with immediate effect needs to be well prepared if it is to be issued effectively. To this end, it needs to be assessed whether sufficient grounds for dismissal exist. Employers can only issue exceptional notice of dismissal with immediate effect if there is good cause for doing so. We at the commercial law firm GRP Rainer Rechtsanwälte note that the grounds ...

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  • Berliner Testament – Final heir able to reclaim gifts

    Berliner Testament – Final heir able to reclaim gifts

    Published: 10 Jan 2018

    A joint spousal will has a strong binding effect and can potentially affect gifts made by the surviving spouse, as demonstrated by a ruling of the Oberlandesgericht (OLG) Hamm [Higher Regional Court of Hamm]. A type of will known as a “Berliner Testament” (“Berlin will” in English) is popular among married couples. Spouses can use this to mutually appoint each other as sole heirs and typically t...

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  • Amendments to will valid despite lack of a signature

    Amendments to will valid despite lack of a signature

    Published: 05 Jan 2018

    In exceptional circumstances, retrospective amendments to a will may be valid even in the absence of a signature. That was the verdict of the Kammergericht (KG) Berlin [Berlin Court of Appeal] in its ruling of March 28, 2017 (Az.: 6 W 97/16). It is not uncommon for a number of years to have gone by between the date the will was prepared and the death of the testator. It is therefore very much po...

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  • Automatic exchange of financial information has begun – Voluntary disclosure for tax evasion

    Automatic exchange of financial information has begun – Voluntary disclosure for tax evasion

    Published: 03 Jan 2018

    The wagons are circling around tax evaders. The automatic exchange of financial information began on September 30, 2017. An initial 49 countries are participating in addition to Germany. The start of the automatic exchange of financial information in the field of taxation also spells the end of banking secrecy in many of the participating countries. Former tax havens are set to be squeezed furth...

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