Case law about virtual employee participation programs (VSOP), which are still the predominant form of employee participation in German start-ups, are rare. Earlier this year, the Regional Labour Court of Munich upheld...more
Mit unseren auf Technologietransaktionen spezialisierten Teams in allen wichtigen globalen Märkten begleiten wir zahlreiche deutsche Technologieunternehmen auf ihrem Wachstumspfad. Als eine der führenden Tech-Kanzleien...more
In substantially all of the major world markets, we have dedicated technology lawyers who support young German technology companies on their growth trajectory through all stages. As one of the top tech law firms in the world,...more
Venture capital investment in European startups reached over $60B last year, higher than pre-pandemic levels but lower than the highs of 2021 and 2022.
To see how this changed deal terms, Orrick used in-house technologies,...more
In substantially all the major world markets, we have dedicated technology lawyers who support young German technology companies on their growth trajectory through all stages. As one of the top tech law firms in the world, we...more
Foreword -
Despite a shift to economic headwinds, investors injected more than $95B into the European tech market in 2022, the second-largest amount ever. To see how deal terms changed, Orrick developed new technologies and...more
3/10/2023
/ Big Data ,
Capital Raising ,
Critical Infrastructure Sectors ,
Debt Financing ,
Emerging Technology Companies ,
EU ,
FinTech ,
Initial Public Offering (IPO) ,
Investment ,
Investment Funds ,
Life Sciences ,
Popular ,
SaaS ,
Startups ,
Venture Capital
Young technology companies are focused on developing their products and bringing VC investors on board. Every euro in the budget counts, personnel is often limited, and legal advice can be expensive. For these reasons, legal...more
In substantially all the major world markets, we have dedicated technology lawyers who support young German technology companies on their growth trajectory through all stages. As one of the top tech law firms in the world, we...more
In substantially all the major world markets, we have dedicated technology lawyers who support young German technology companies on their growth trajectory through all stages. As one of the top tech law firms in the world, we...more
10/19/2021
/ Acquisitions ,
Capital Markets ,
Corporate Governance ,
Environmental Social & Governance (ESG) ,
Foreign Investment ,
Initial Public Offering (IPO) ,
Investment ,
Investors ,
Mergers ,
Private Equity ,
Publicly-Traded Companies ,
Shareholders' Agreements ,
Special Purpose Acquisition Companies (SPACs) ,
Venture Capital
Mitarbeiterbeteiligungsprogramme spielen für junge Unternehmen eine entscheidende Rolle bei der Gewinnung und Bindung von Top-Talenten. Eine Beteiligung am Unternehmen belohnt Mitarbeiterinnen und Mitarbeiter dafür, dass sie...more
Employee-ownership programs (or in short "ESOPs") play a critical role in attracting and retaining top talent to fledgling young companies. Stock options reward employees for taking the risk of joining a young, unproven...more
The German Government is about to tighten the control of foreign direct investments (FDI) in German companies—again! The suggested changes might impede or at least delay non-EU (in reality mainly U.S.…) investments in German...more
Mit unseren auf Technologietransaktionen spezialisierten Teams in allen wichtigen globalen Märkten begleiten wir zahlreiche deutsche TechUnternehmen auf ihrem Wachstumspfad. Als eine der führenden Tech-Kanzleien weltweit...more
Downturns can be challenging for any company, but the current COVID-19 pandemic shows once more (as the financial crisis did in 2008 and 2009) that the effects of such a crisis on start-ups can be particularly severe....more
5/28/2020
/ Business Disruption ,
Contract Negotiations ,
Coronavirus/COVID-19 ,
Data Protection ,
Economic Downturn ,
Emerging Technology Companies ,
Germany ,
Information Technology ,
Intellectual Property Protection ,
Loan Modifications ,
Startups ,
Tax Planning
Headed into 2020, start-ups accustomed to easy venture capital (“VC”) dollars already faced leaner times, with VC funding having already cooled in Q4/2019. And then along came COVID-19... When you consider the shock waves...more
I. Einleitung -
Weltweit verändern die Digitalisierung und der Einsatz moderner Technologien die Wertschöpfungsketten radikal und stellen mitunter sogar ganze Branchen auf den Kopf. Unternehmen auf der ganzen Welt bemühen...more
At start-up, young technology companies focus entirely on their products, want to pitch and bring VC investors on board. Every euro in the budget counts, personnel is often limited, and legal advice seems expensive. For these...more
12/6/2019
/ Corporate Structures ,
Emerging Growth Companies ,
Employment Contract ,
Employment Discrimination ,
Fixed-Term Labor Contracts ,
Freelance Workers ,
Germany ,
Hiring & Firing ,
International Labor Laws ,
Labor Regulations ,
Shareholders ,
Social Security ,
Startups ,
Venture Capital
Due to their flexibility and reduced complexity compared to fully-fledged equity financings, convertible loans are an important part of a startup's financing tool box. In a nutshell: a convertible loan is generally not meant...more
For emerging technology companies, gaining access to financial resources is a key challenge. Traditional bank loans are often unavailable, and the financial means of the founders are usually limited. An (equity) financing by...more
As the U.S. and German tech ecosystems become more closely connected, raising capital in the U.S. market is becoming a strategic consideration for many fast-growing German tech companies. For some, establishing a presence in...more
10/24/2018
/ Business Development ,
Capital Raising ,
Corporate Governance ,
Cybersecurity ,
Electronic Data Transmissions ,
Emerging Technology Companies ,
Foreign Investment ,
Foreign Markets ,
Germany ,
Personal Data ,
Regulatory Requirements ,
Risk Management ,
Trade Secrets ,
Venture Capital
Venture Capital Deals in GermanyNegotiating venture capital financing agreements for privately-held technology companies raises business, legal, tax, intellectual property, employment and liability issues. If you don’t get...more
At $15 billion, venture capital and private equity investment flow from the United States into Germany in Q1 2017 is already triple the levels of the prior two years. As the U.S. and German tech ecosystems become more closely...more
7/11/2017
/ Data Protection ,
Financing ,
Germany ,
Intellectual Property Protection ,
International Data Transfers ,
Investors ,
Risk Management ,
Silicon Valley ,
Startups ,
Technology Sector ,
Trade Secrets ,
Trademarks ,
Venture Funding
In a time of ever-shorter innovation cycles and the increased digitalization of many value-added chains, established businesses need to constantly evolve and reinvent themselves – even going so far as to rethink their core...more
In a time of ever-shorter innovation cycles and the increased digitalization of many value-added chains, established businesses need to constantly evolve and reinvent themselves – even going so far as to rethink their core...more
On June 12, 2015, the German Parliament (Deutscher Bundestag) passed an Act to Improve the Security of Information Technology Systems ("IT-Security Act"). The new legislation requires operators of so-called critical...more
6/19/2015
/ Cybersecurity ,
Data Protection ,
Department of Homeland Security (DHS) ,
Energy Sector ,
Executive Orders ,
Healthcare ,
Information Technology ,
New Legislation ,
NIST ,
Obama Administration ,
Technology ,
Telecommunications ,
Traffic Laws ,
Water