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Sanctions Germany

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

White & Case LLP on

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

Morrison & Foerster LLP

Congress Re-Enters the Nord Stream 2 Fight with Amendment to NDAA

In the latest turn of events in the seemingly never-ending political saga of the Nord Stream 2 pipeline, the U.S. House of Representatives (the “House”), via an amendment to the 2022 National Defense Authorization Act...more

McDermott Will & Emery

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

McDermott Will & Emery on

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

Hogan Lovells

New Release: Insurance Horizons Brochure 2021

Hogan Lovells on

The global pandemic brought a wave of changes and developments that have impacted, and continue to impact, the insurance sector. As we look ahead, we see further change on the horizon. Around the world, we continue to...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

Flaster Greenberg PC

Nord Steam 2 Saga Ends As Biden Waives Sanctions

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The dispute over the controversial oil and gas pipeline known as “Nord Stream 2” ended on Wednesday when the United States Department of State announced that the Biden administration was waiving sanctions against 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

Foley Hoag LLP - White Collar Law &...

Lessons to Learn for Global Software Providers from SAP Settlements of DOJ, BIS and OFAC Investigations Concerning Software...

Sales of your software are robust around the globe. You have a network of third-party resellers, distributors or implementation partners that are driving international growth. Your customers praise your efficient maintenance...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

NAVEX

What Compliance Leaders Need To Know About Germany’s Law To Strengthen Business Integrity

NAVEX on

Germany’s new “Law to Strengthen Business Integrity” (“Gesetz zur Stärkung der Integrität in der Wirtschaft”) will have a transformative effect on the German corporate compliance landscape when it is finally enacted,...more

Society of Corporate Compliance and Ethics...

Compliance Perspectives: The German Corporate Sanctions Act

Germany has proposed legislation, likely to be ratified this Fall, that would mark a major change in how the government there enforces criminal violations in the corporate sector. The Corporate Sanctions Act, or CSA, would,...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

Flaster Greenberg PC

Marcellus Shale Update: Can The United States Senate Stop Germany's Gas Pipeline From Russia In A Post-Coronavirus World?

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Two United States Senators, Republican Ted Cruz of Texas and Democrat Jean Shaheen of New Hampshire, introduced legislation last week that would place sanctions on any company attempting to finish laying the pipe needed to...more

Morrison & Foerster LLP

Germany Before Drastically Tightening The Sanctioning Of Companies For Economic Crimes

On April 22, 2020, the German Federal Ministry of Justice and Consumer Protection ("BMJV") issued the official draft bill for an Association Sanctions Act (" VerSanG-E " or " Law") as part of a "Law to Strengthen Business...more

Morrison & Foerster LLP

Germany Faces Drastic Increase Of Fines On Companies For White-Collar Crimes

On 22 April 2020, the German Federal Ministry of Justice and Consumer Protection (“BMJV”) presented the official draft bill of the Corporate Sanctioning Act (“VerSanG-E” or “Act”) as part of the “Act promoting integrity in...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

Jones Day

Germany’s "Corporate Sanctions Act": The Path to Corporate Criminal Liability

Jones Day on

The Situation: On August 22, 2019, the German Ministry of Justice and Consumer Protection presented the draft Corporate Sanctions Act ("CSA"), a bill that would establish corporate criminal liability in Germany. The...more

Morgan Lewis

German Ministry of Justice Releases Draft Bill for Law Against Corporate Crime

Morgan Lewis on

A draft bill to prosecute undertakings for corporate crimes in Germany includes sanctions against undertakings, an incentive scheme for conducting internal investigations, and clarification on the attorney-client privilege. ...more

Latham & Watkins LLP

Der Entwurf für das Gesetz zur Bekämpfung der Unternehmenskriminalität

Latham & Watkins LLP on

Das Bundesjustizministerium hat am 22. August 2019 seinen Entwurf für das Gesetz zur Bekämpfung der Unternehmenskriminalität vorgestellt. Der 147 Seiten und 69 Paragrafen umfassende, bisher nicht veröffentlichte Entwurf...more

Akin Gump Strauss Hauer & Feld LLP

Red Notice Newsletter - May 2015

Welcome to the May 2015 edition of Red Notice, a publication of Akin Gump Strauss Hauer & Feld LLP. This month on the anticorruption front, a German engineering firm tests Brazil's recently implemented anticorruption...more

Carlton Fields

Anti-Money Laundering Trends: Facts, Findings, and Lessons Learned

Carlton Fields on

Increased anti-money laundering (AML) regulation enforcement by federal and state agencies in recent months should have financial institutions across the country reviewing and strengthening their in-house AML policies and...more

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