Germany: Directors and Officers

Companies facing financial distress must carefully evaluate their restructuring options, with protective shield proceedings offering a unique opportunity to prepare an insolvency plan while maintaining existing management. This specialized form of preliminary self-administration requires precise timing and thorough preparation, as it is only available when a company faces imminent illiquidity or over-indebtedness but has not yet become actually illiquid.

Herbert Smith Freehills Kramer's Frankfurt Corporate Crime & Investigations team hosted a conference examining cybercrime threats, AI-driven attacks, and the evolving responsibilities of corporate leadership in building cyber resilience. Senior representatives from law enforcement, industry leaders, and global legal partners explored prevention strategies, incident response protocols, and the complex liability landscape facing organizations in an increasingly digital threat environment.

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

Das jüngste Urteil des LG München I i.S. Wirecard verschärft die Anforderungen an die Darlehensvergabe und die organinternen Überwachungspflichten

Recent ruling of the Regional Court München I re. Wirecard sets stricter duties for the board of management regarding loans and intra-board supervision

June 2025 – Cartel fines, which can amount up to 10% of a company's global group turnover, represent one of the most significant enforcement instruments in European competition law.

Erstmals seit Inkrafttreten der Marktmissbrauchsverordnung („MAR") im Juli 2016 sind zum 1. Januar 2021 Änderungen der MAR in Kraft getreten, die praxisrelevante Erleichterungen für Emittenten...

Employees in Germany are entitled to an allowance where their working hours are reduced as a result of the COVID-19 pandemic.

What happens when a board member needs to take leave for sickness, childcare or other personal reasons?