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Germany European Union Sanctions

McDermott Will & Emery

Spotlight on the “Partner Countries” Exemption from Sanctions against Russia

From June 20, 2024, EU companies with a presence in Russia will no longer be able to rely on the “partner countries” exemption and will be required to obtain, or rely on, a licence to provide business services and/or software...more

White & Case LLP

Practical and legal implications in Germany following the EU harmonization of enforcement and penalties for sanctions violations

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On 24 April 2024, the EU adopted a new directive (Directive (EU) 2024/1226 of the European Parliament and of the Council) which establishes EU-wide rules for defining criminal offences and penalties related to the violation...more

White & Case LLP

English High Court sanctions German real estate group’s ‘wind-down’ restructuring plan

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The English High Court has sanctioned a restructuring plan in respect of EUR 3.2 billion of bonds issued by the German real estate business, Adler Group. The main objective of the plan was to avoid Adler's imminent insolvency...more

White & Case LLP

Foreign direct investment reviews 2021: Germany

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The Federal Ministry for Economic Affairs and Energy continues to tighten FDI control, but the investment climate remains liberal in principle - In Germany, the investment climate remains liberal in principle. Nevertheless,...more

McDermott Will & Emery

The New German Supply Chain Due Diligence Act (With a View Across the Border)

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On 11 June 2021, the German Federal Parliament approved the draft bill on corporate due diligence in supply chains (Supply Chain Due Diligence Act), which was approved by the German Federal Council without any changes on 25...more

Morrison & Foerster LLP

Update On German Compliance Legislation: Supply Chain Due Diligence Act Is Adopted, Corporate Sanctioning Act Fails

At the end of the legislative period, important decisions on central compliance legislative proposals of the German Federal Government were made: On June 11, 2021, the German Federal Parliament (Bundestag) adopted the...more

Morrison & Foerster LLP

Senate Republicans Introduce Legislation To Impose Sanctions On Nord Stream 2 Following The Biden Administration’s Waiver

The legal and political skirmishing continued on both sides of the Atlantic in recent weeks over Nord Stream 2, the nearly finished Russian natural gas pipeline that continues to serve as a flash point within Europe and...more

Morrison & Foerster LLP

German Federal Government Agrees On Act On Human Rights Due Diligence Obligations Of Companies

On March 3, 2021, the German Federal Cabinet adopted an act on corporate due diligence obligations in supply chains (“Due Diligence Act”; sometimes also referred to as “Supply Chain Act”) (“Government Draft”). The Government...more

Morrison & Foerster LLP

Association Sanctions Act: Legislative process Is progressing

The comprehensive reorganization of the sanctioning of companies for company-related criminal offenses through an Association Sanctions Act (“ VerSanG ”) is drawing closer. The Federal Council approved the federal...more

White & Case LLP

GDPR Guide to National Implementation: Germany - A practical guide to national GDPR compliance requirements across the EEA

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Q1/ Applicable legislation - (a) Have the requirements of the GDPR been addressed by introducing a new law, or by updating existing legislation? Old legislation has been updated....more

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