Doing Better Business in Germany

Doing Better Business in Germany Direct Investments Commerce and Trade Initial Orientation and Guidance for Clients and Legal Counsel Abroad

Doing Better Business in Germany

Doing Better Business in Germany published by HEUKING KÜHN LÜER WOJTEK A Partnership under German Law of Lawyers and Tax Advisors with Registered Office in Düsseldorf Local Court (Amtsgericht) Essen No. PR 1481 Sixth Edition 2014 Printed in Germany ISBN 978-3-9816890-0-6 For contact details see www.heuking.de/en The information contained in this brochure should not be construed as legal advice on any specific facts, circumstances or business. It is intended for general informational purposes only. We, therefore, disclaim all liability arising from any reliance on its contents in a specific legal or business context. Links referred to in this publication will not be supervised by us, we have no influence on the content, and disclaim any liability. This publication is protected by copyright law. All rights reserved by HEUKING KÜHN LÜER WOJTEK. Without the prior permission of HEUKING KÜHN LÜER WOJTEK, no part of this publication may be reproduced, stored on a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise.

Table of Contents and Authors Table of Contents and Authors for content details, see table at end of brochure Preface to the Sixth Edition: Initial Orientation and Guidance 8 Rudolf du Mesnil de Rochemont I. Legal Forms of Doing Business 14 Dr. Mathias Schröder, LL.M. Adi Seffer II. Joint Ventures 24 Dr. Stefan Duhnkrack III. Taxation 32 Fabian G. Gaffron IV. Employment and Labor Law 44 Regina Glaser Joachim Littig V. Mergers and Acquisitions 62 Dr. Stefan Duhnkrack Dr. Katharina Prasuhn VI. Venture Capital Investments 71 Dr. Jörg aus der Fünten VII. Corporate Finance 76 Dr. Jörg aus der Fünten VIII. Capital Markets 82 Dr. Thorsten Kuthe Dr. Mirko Sickinger, LL.M. IX. Private Equity 86 Boris Dürr Dr. Peter Christian Schmidt X. Banking and Financial Services 99 Dr. Vinzenz Bödeker, LL.M. XI. Investment Funds 106 Dr. Michael Dröge Fabian G. Gaffron XII. Public Private Partnerships and Project Finance 114 Dr. Armin Freiherr von Griessenbeck www.heuking.de 5/290

Doing Better Business in Germany XIII. Competition / Antitrust Law 119 Simon Hirsbrunner, LL.M. XIV. Distribution, Franchising, Commercial Agents, Promotion and Advertising, Fair Trade Rules 129 Rudolf du Mesnil de Rochemont XV. General Terms and Conditions, Consumer Protection 135 Dominik Eickemeier XVI. Purchase Law, CISG, Conflict of Laws (International Private Law) 140 Dr. Sebastian Jungemeyer XVII. Intellectual Property 147 Dr. Anton Horn Thorsten A. Wieland Dominik Eickemeier XVIII. Data Protection 159 Dr. Dirk Stolz XIX. Media and Communications Regulation 168 Michael Schmittmann XX. Principles of Public Administration 175 Andreas Berstermann XXI. Public Procurement 179 Ulf Christiani Gilbert Toepffer XXII. Transport and Shipping Law 183 Dr. Ralf Wojtek, LL.M. Cord Tomhave XXIII. Real Estate 185 Stephan Freund Dr. Stefan Osing Dr. Thomas Nickel Dr. Peter Vocke Dr. Michael Alberts Dr. Peter Zimmermann Carsten Wagner Dr. Christoph F. Wetzler XXIV. Energy Law 206 Dr. Stefan Bretthauer Dr. Kai Bandilla 6/290

XXV. Environmental Law 213 Dr. Thomas Nickel XXVI. Pharmaceuticals, Medical Devices, Health Advertising, Foodstuffs 228 Florian Geyer, LL.M. XXVII. Liability and Product Liability 240 Dr. Thomas Wambach, LL.M. XXVIII. White Collar Crime, Business Criminal Law 244 Dr. André-M. Szesny, LL.M. XXIX. Insurance 249 Dr. Michael Lauterbach XXX. Insolvency, Reorganization, Restructuring 255 Dr. Robert Güther Dr. Johan Schneider XXXI. Civil Law Notaries Services for Corporate and Real Estate Investors and Private Clients 265 Dr. Karsten Kühne Ralph Negelein XXXII. Litigation and Lawyers 269 Dr. Elke Umbeck XXXIII. Arbitration 273 Dr. Wolfgang Kühn Ulrike Gantenberg www.heuking.de 7/290