European Union: Directors and Officers

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Article
Konzernrecht – Das Konzerninteresse und seine Legitimation im Vertrags- und im faktischen Konzern
German corporate law faces a fundamental challenge in balancing the economic interests of a corporate group with the legal principle that each subsidiary remains an independent legal entity. This article examines how the concept of 'group interest' (Konzerninteresse) operates within different corporate structures, exploring the tension between centralized group management and the protection of dependent companies, minority shareholders, and creditors.
Germany Commercial
PL
PwC Legal Germany
Article
Variar el número de consejeros dentro del mínimo y máximo previstos en los estatutos no modifica el sistema de administración de la sociedad y no exige modificación estatutaria
La Audiencia Provincial de Pontevedra analiza si la reducción del número de consejeros de cinco a tres mediante acuerdo de junta general constituye una modificación estatutaria que requiere trámites especiales. El tribunal examina los límites de la competencia de la junta general para adaptar la composición del consejo de administración dentro de los márgenes estatutarios establecidos.
Spain Commercial
Gómez-Acebo & Pombo
Article
Part II Compliance Management Systems Set-Up Reporting And Decision-Making
This comprehensive guide examines how German companies can design and operate a credible compliance management system that meets both domestic legal requirements and international standards. It explores the interplay between board-level organizational duties, specialized statutory regimes like the Whistleblower Protection Act and Supply Chain Due Diligence Act, and globally recognized frameworks such as ISO 37301, while providing practical guidance on governance structures, reporting lines, and implementati
Germany Commercial
MB
Mayer Brown
Article
EU Adopts Directive On The Harmonization Of Insolvency Law: Key Aspects And Implications For Germany
The European Union has formally adopted a directive establishing minimum standards for insolvency law harmonization across Member States, covering avoidance actions, asset tracing, pre-pack proceedings, director filing duties, creditors' committees, and transparency measures. While the directive sets baseline requirements in these critical areas, its practical impact on German insolvency law is expected to be limited, as Germany's existing framework already meets or exceeds most of the directive's standards
Germany Insolvency
JD
Jones Day
Article
Liability Risks Arising From De Facto Management
In small family businesses and medium-sized enterprises, individuals who assume management functions without formal appointment face significant legal exposure as "de facto managing directors." This risk becomes particularly acute during corporate crises when shareholders take operational control or when financing banks deploy representatives with extensive decision-making authority. German courts have developed comprehensive case law establishing that such individuals bear the same duties and liabilities a
Germany Commercial
MB
Mayer Brown
Article
Validation Orders: Balancing Asset Preservation And Business Continuity
Imagine operating a company, only to find without any warning that the company’s bank accounts have been blocked. The immediate consequence is one of acute disruption and uncertainty. You learn that a winding-up petition has been filed against the company, triggering restrictions that effectively prevent it from carrying out ordinary financial transactions. At that point, a pressing question arises: how is the business expected to continue operating under such constraints?
Cyprus Commercial
EN
Elias Neocleous & Co LLC
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