Dr Julia Schällig

Under the German Transformation Act (Umwandlungsgesetz – UmwG), companies can reorganize through mergers, demergers, or changes of legal form. A common demerger type is a spin-off, where a business unit is transferred from one company (the transferring legal entity) to another (the transferee). The spin-off takes effect automatically under the UmwG, avoiding the need for...

If a European Company (Societas Europea – SE) is established, a so-called negotiation procedure must generally be carried out with regard to the involvement of employees in this company in accordance with the provisions of the SE Participation Act (SEBG, i.e. the German implementing act to the Council Directive 2001/86/EC). At the end of this...

FGvW advised Hungarian-based Gedeon Richter Nyrt. on its investment into German public listed Formycon AG. By way of a cash capital increase, Gedeon Richter acquired approx. 9 % of the shares in Formycon AG. Gedeon Richter Nyrt., headquartered in Budapest/Hungary, is a major pharmaceutical company in Central Eastern Europe, with an expanding direct presence in...