Where an asylum applicant first enters the EU According to this regulation, unless other criteria such as family considerations apply, the member state where an asylum applicant first enters the EU is responsible for examining an asylum application. This regulation hardly fits for a period of intensified migration pressure. ItRead More →
Duration of Dispute Resolution The average duration of proceedings in courts of first instance is 4.5 months and in regional courts 7.9 months. Given the lack of historical evidence, the duration of litigation pursuant to the New York Convention cannot be commented upon. EU Forecast euf:ba18a:159/nws-01Read More →
A European Monetary Fund A repurposing of the euro area’s bailout fund – the ESM – as a European Monetary Fund (EMF) with an extended mandate has been amongst the most discussed ideas for reforming the currency union over the last months. Key European players, including the European Commission, theRead More →
Asset managers – the independent advantage vs corporate core There are four issues facing managers and 2018 is likely to be the year that either they will be forced to act, or be subject to M&A to maintain a market presence. Low-cost passive products continue to gain popularity and makeRead More →
Application for a preliminary injunction In a case, the application for a preliminary injunction at the German Constitutional Court in the CETA was ultimately rejected in October 2016, allowing the German government to back the agreement in the Council, but subject to conditions. Bottom-line is that this might help toRead More →
Collective bargaining agreements Collective bargaining agreements In Germany, there are numerous legal provisions which establish a general framework for wages and salaries, as well as for other terms and conditions of employment. The detailed terms and conditions (e. G. The amount of wages and salaries and their constituent elements, workingRead More →
German banking – is not very profitable Despite the steadiness of these parameters and the currently very favourable macro-economic conditions, the German banking sector of today is not very profitable by international standards. This may to some extent be owed to the three-pillar structure of the German banking market andRead More →
Exit taxation Exit taxation The transfer of any of the permanent establishment’s assets to a foreign head offce or a foreign permanent establishment of the same taxpayer generally results in the immediate taxation of such asset’s hidden reserves. If the assets are transferred to another EU Member State, non-resident taxpayers,Read More →
ICSID Convention and New York Convention Germany is a member of the International Center for the Settlement of Investment Disputes (ICSID) since 1969, as well as a member of the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards since 1961. In 1964 Germany adopted aRead More →
.Trade tax rates of larger towns Trade tax rates of larger towns generally fall within the range of 14–17%. Those of smaller towns and country districts are usually between 12% and 16%, although there are a few isolated instances of local authorities with rates of lower than 12%. The legalRead More →
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