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  • GRP Rainer Rechtsanwälte – Assessment of removing a shareholder-managing director for good cause

    GRP Rainer Rechtsanwälte – Assessment of removing a shareholder-managing director for good cause

    Published: 12 Oct 2018

    It is possible to remove a shareholder-managing director from their post if there is good cause justifying this action, but good cause must be present at the time of the resolution’s adoption. The general meeting of the shareholders is the main decision-making body of a GmbH, a type of German private limited liability company. It is normally responsible for deciding whether a shareholder-managin...

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  • REGISTRATION OF A CRYPTO EXCHANGER, REGISTRATION OF A CRYPTOCURRENCY EXCHANGE IN THE CZECH REPUBLIC

    REGISTRATION OF A CRYPTO EXCHANGER, REGISTRATION OF A CRYPTOCURRENCY EXCHANGE IN THE CZECH REPUBLIC

    Published: 12 Oct 2018

    REGISTRATION OF A CRYPTO EXCHANGER IN THE CZECH REPUBLIC VS REGISTRATION OF A CRYPTOCURRENCY EXCHANGE IN THE CZECH REPUBLIC If you are just starting your own crypto activities, you should start with registering a crypto exchanger in the Czech Republic as a more simple form of conducting a cryptocurrency business. After obtaining the necessary experience and accumulation of assets, you can procee...

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  • Genesis Mining terminating unprofitable contracts

    Genesis Mining terminating unprofitable contracts

    Published: 11 Oct 2018

    The price of Bitcoin has fallen sharply. This has put pressure on mining companies such as Genesis Mining, which is now seeking to terminate or upgrade contracts with its clients. Last year, Bitcoin and other cryptocurrencies hit a high. Though many sought to profit from this boom, mining cryptocurrencies is energy intensive and requires a lot of computing power. This makes it difficult for indi...

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  • GRP Rainer Rechtsanwälte – Assessment of shareholder’s right of access

    GRP Rainer Rechtsanwälte – Assessment of shareholder’s right of access

    Published: 10 Oct 2018

    The shareholders of a GmbH have extensive rights of access and inspection which go beyond the general meeting and that enable them to inform themselves about what is happening within the business. These shareholder rights cannot be restricted in the articles of association. And yet, we at the commercial law firm GRP Rainer Rechtsanwälte note that even shareholders’ requests for information ar...

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  • GRP Rainer Rechtsanwälte – Assessment of claims for damages in response to kickbacks

    GRP Rainer Rechtsanwälte – Assessment of claims for damages in response to kickbacks

    Published: 09 Oct 2018

    Corruption, attempted bribery and kickbacks are all commonplace in commercial life. Aggrieved parties can assert claims on account of damage caused by acts contrary to public policy. Up until the end of the 20th century, it was still possible in Germany to claim bribes paid to foreign business partners against tax as “nützliche Aufwendungen”, i.e. beneficial expenditures. Times have changed...

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  • OLG München – Managing directors liable if they exceed the scope of their discretionary powers

    OLG München – Managing directors liable if they exceed the scope of their discretionary powers

    Published: 08 Oct 2018

    A managing director who culpably breaches his or her duties may be liable to pay damages to the company. This was confirmed by a ruling of the Oberlandesgericht (OLG) München, Munich’s Higher Regional Court. A managing director may be liable to pay damages not only to third parties but also the company if he or she culpably breaches his or her duties. We at the commercial law firm GRP Raine...

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  • ECJ on infringements of geographical indications

    ECJ on infringements of geographical indications

    Published: 05 Oct 2018

    According to a ruling of the Court of Justice of the European Union (ECJ) from 7 June 2018, an association with a protected indication is not by itself sufficient to infringe the registered geographical indication (Az.: C-44/17). As in the case of word marks or figurative marks, it is also possible to obtain trade mark protection for geographical indication of origin. Consumers may make certain ...

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  • REGISTERING ONLINE EXCHANGER OR CRYPTOCURENCY EXCHANGE IN POLAND. REGULATION OF CRYPTOCURRENCY IN POLAND

    REGISTERING ONLINE EXCHANGER OR CRYPTOCURENCY EXCHANGE IN POLAND. REGULATION OF CRYPTOCURRENCY IN POLAND

    Published: 04 Oct 2018

    FEATURES AND BENEFITS OF REGISTERING A CRYPTO-EXCHANGER AND CRYPTO-EXCHANGE IN POLAND Crypto-exchangers and crypto-exchanges are registered in Poland under the general rules for the registration of companies in Poland. To register a crypto-exchanger and crypto-exchange in Poland, it is necessary to select and check whether the name is free, to collect the necessary package of documents, and to p...

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