Pulse 02.2025 – an update from Taylor Wessing

Countering the shortage of skilled labour: opportunities through the procurement of AI systems 

• The public sector is facing a serious shortage of skilled labour - a structural problem that affects all levels of administration
• The use of modern technologies such as fully automated services and artificial intelligence (AI) offers the opportunity to create more efficient and citizen-friendly administrative structures
• A look at legal and practical risks in the procurement of AI systems 

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Scraping and processing AI training data – key legal challenges under data protection laws 

• Companies that want to develop new AI applications have to navigate a complex legal landscape
• An important part of this landscape is data protection law, such as the EU’s General Data Protection Regulation (GDPR), which imposes strict requirements on the collection and use of personal data
• In this article, we look at some important legal considerations that organisations need to be aware of when reading and processing personal data for AI training purposes 

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AI literacy and prohibited AI systems under the EU AI Act: entry into force on 2 February 2025 

• Artificial intelligence is becoming increasingly important in many industries and offers a wide range of opportunities for innovation and efficiency gains
• At the same time, the European Union’s AI Regulation sets strict requirements for the use of AI systems and AI skills
• Take a look at our compact overview 

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Loss of control over Facebook data - comment on the Federal Court of Justice (BGH) ruling of 18 November 2024 

• With its ruling, the BGH has issued a widely respected decision on so-called Facebook scraping - in particular, it has recognised that the loss of control over personal data is damage even without proof of misuse
• This facilitates lawsuits and consequently waves of lawsuits, which can put companies under considerable pressure even with moderate amounts of damage 
• Companies should prevent this by taking good technical and organisational data protection measures 

Read more [German only]

Bindl v. Commission -  the EGC on international data transfers and non-material damage 

• The judgement deals with the processing of personal data by EU institutions and raises im-portant questions about the transfer of such data to third countries
• Facts, reasons for the decision and consequences for practice

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Germany’s approach to protecting minors online 

• Germany has always endeavoured to ensure the protection of minors on the internet both at national level and by complying with EU legislation We examine how this is pursued and how the German system relates to that of the EU

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Abolition of the ODR platform - need for adjustment and outlook for the ADR reform

• Online retailers previously had to refer consumers to the EU’s Online Dispute Resolution (ODR) platform as part of their online presence - the abolition of this ODR platform is now a done deal
• At the same time, the EU is planning a comprehensive reform of the Alternative Dispute Resolution (ADR) Directive in order to strengthen consumer rights and modernise out-of-court dispute resolution procedures
• Companies must take action to comply with the new regulations

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Key Insights on the European Accessibility Act from a German Perspective 

• With the entry into force of the Accessibility Reinforcement Act ("BFSG") and the associat-ed implementing ordinance ("BFSGV") in Germany, accessibility in the private sector will be increased and companies will face new challenges
• With the deadline fast approaching, the departments concerned should take the necessary steps to ensure compliance by 28 June 2025

Read more [German only]

CJEU tightens requirements for the criterion of necessity

• In its decision in Case C-394/23 of 9 January 2025, the ECJEU dealt with the criterion of necessity and its relationship to data minimisation
• According to the court, when determining necessity, data controllers must consider wheth-er the intended purpose cannot be achieved in a comparable manner by other means
• Background, reasons for the decision and practical recommendations

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European Data Protection Board at a glance: Guidelines 01/2025 on pseudonymisation

• On 16 January 2025, the European Data Protection Board ("EDPB") published its guide-lines on pseudonymisation, which represent a clarifying interpretation of the GDPR by the supervisory authorities
• These guidelines provide orientation on the authorities’ understanding of pseudonymisa-tion and promote the uniform application of the GDPR, even if they are not legally binding
• Our summary provides you with a quick overview of the key content

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Webinars

Business in Germany - legal briefing 2025 

• As part of the Asa no Kai, we dealt intensively with the upcoming implementation of the AI Regulation, other digital regulations and innovations in employment law for European and Japanese companies
• One of the key questions for 2025 will be how we can make the most of digital opportuni-ties and successfully navigate through the challenges of the crisis

To recording

AI Act decrypted - legal and technical strategies for building compliant AI systems

• How can companies harmonise innovation and compliance within the framework of the EU AI Act?
• Join TaylorWessing and Merantix Momentum for our expert webinar combining legal and technical strategies with real-world applications
• Learn how to minimise risks, seize opportunities and develop AI systems that achieve real business value 

To recording

Where is NIS-2 heading? Legal and practical tips for implementation 

• The NIS (Network and Information Security) 2 Directive is intended to raise cyber security in the EU to a new level, - but the end of the traffic light coalition has thrown the timetable for its transposition into German law into disarray
• How the legislation is now progressing, which companies are affected and what the re-quirements are
• In addition, Mario Melmer from HvS consulting shows how NIS 2 compliance can be en-sured in practice, what stumbling blocks there are during implementation and what costs and time are involved

To recording

AI expertise - basic knowledge for your employees and external parties

• Fulfil your company obligations - mandatory training in accordance with Art. 4 KI-VO (basics and basic competence)
• Since 2 February 2025, all companies have been obliged to take measures to ensure that their staff and external parties who come into contact with AI systems in their company have sufficient AI skills
• With our basic training, we provide your employees and external parties with the necessary expertise to understand the risks and opportunities of AI as well as the legal foundations
  
   

7 March 2025 

To fee required registration

4 April 2025 

To fee required registration

Digital Devices Discussions | Session #3: Data Protection and Data Exploitation for Smart Machines and Gadgets under the new EU Digital Regulations
27 March 2025

• As part of the EU’s so-called digital strategy, a wave of new digital regulations is sweeping across companies in the EU
• Whether you manufacture, distribute or provide aftermarket services for smart machines and devices, you need to be prepared for the upcoming paradigm shift while complying with existing regulations such as the GDPR
• In this third issue, we give you an overview of the most important digital regulations that can affect not only your products, but also your business activities, and provide you with practical tips on how to best manage the flood of regulations and the work ahead.

To registration

Blogs

Artificial intelligence 

• Artificial intelligence ("AI") has long been promised as a ground-breaking innovation and it has now arrived
• Recent advances have highlighted the potential of this exciting technology and made its adoption a business priority

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Data Centre Expertise

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Global Data Hub 

• Insights and advice on data protection issues

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Interface

• We shape the law of the digital future - in our tech magazine Interface, international col-leagues write on digitalisation topics at the interface of business and law  
  

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Metaverse

• Exciting insights and the latest developments in the context of metaverse, NFTs, web3, cryptocurrencies and blockchain technology

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Systems Outage: Analysis & Response 

• Der weltweite IT-Ausfall am 19. Juli hat Unternehmen in verschiedenen Sektoren schwer getroffen und erhebliche und anhaltende finanzielle Auswirkungen 
• Wenn Ihr Unternehmen betroffen ist und Sie die Möglichkeit prüfen möchten, ohne finanzielle Vorabkosten eine Entschädigungsklage einzureichen, helfen wir Ihnen gerne weiter 

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Online content safety

• Der britische Online Safety Act, der Digital Services Act der EU und verwandte Themen 

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Parallel national and UPC proceedings after the Court of Appeal decision in Mala v. Nokia 

• During the seven-year transitional period, both the UPC and the national courts have paral-lel jurisdiction for infringement and nullity actions
• In principle, this could lead to parallel proceedings in different countries and consequently to irreconcilable decisions - recent case law has shown how the UPC will deal with such situations

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AI Act: What the new bans mean for the healthcare sector

• Article 5 of the AI Act came into force on 2 February 2025 - this prohibits certain AI prac-tices that are classified as an "“unacceptable risk"”
• The European Commission has now also published its guidelines on this subject
• This article summarises the consequences of this for the healthcare sector

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Fujifilm v Kodak – long-arm jurisdiction of the UPC, or just connecting the dots

• This case has caused quite a stir on LinkedIn, from "“BREAKING NEWS" ” to long essays
• But all the UPC has done is apply the old rule that you can sue a defendant in its country of domicile for infringing activities in multiple countries
• We take a look at the decision

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Transformation fund: Federal Ministry of Health specifies requirements for funding as part of the hospital reform

• The transformation fund is an element of the hospital reform, which is intended to provide financial support to hospital owners during restructuring programmes
• The fund is to provide up to 50 billion euros in funding over a period of ten years (2026 to 2035) - the Hospital Care Improvement Act ("(“KHVVG") ”) passed last year already speci-fies which projects are to be supported by the transformation fund
• The draft bill for the KHTFV, which has now been published as of 15 January 2025, speci-fies the requirements for eligible projects and costs and also regulates details of the pro-cedure

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Word on the street at the J.P. Morgan Healthcare Conference 2025 

• Our experts summarise what they heard at the conference about mergers and acquisitions, public markets, private fundraising, biopharma partner transactions, current modalities and particularly relevant disease areas for biotech and pharma

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Podcast

Patent Perspectives Quick Listens Episode 2: Managing a Unified Patent Court (UPC) case 

• We discuss the issues practitioners face when conducting UPC proceedings on the merits or interim measures, including the challenges of time limits and communication between multiple parties

To the Podcast

Webinars

Coffee Break Life Sciences: UPC – First learnings: Which standard applies the UPC for patents in pharma and biotech preliminary injunction cases? 

• Our experts look at the lessons learnt from the first 18 months of the UPC
• They provide an overview of how the UPC organises patent disputes in the pharmaceutical and biotechnology industries, in particular in connection with preliminary injunctions
• They explain the key considerations for patent owners seeking to enforce their rights and for potential defendants trying to navigate the complexities of the new system

To recording

Digital Devices Discussions | Session #2: How device connectivity brings challenges of Standard-Essential Patents 

• When devices use communication standards (such as Wi-Fi and 5G), these standards are based on technologies that are often patented
• Large patent holders have discovered this source of income and demand licence payments, threatening to enforce their patents.
• We examine the consequences for digital devices and strategies in the tug-of-war over standard-essential patents (“SEPs”) and FRAND licences 

To recording

Digital Devices Discussions | Session #5: Implementing the EU Data Act: Digital Medical Devices and Health Apps in Focus 
22 May 2025  

• The EU Data Protection Act creates a comprehensive framework for cross-industry data access and sharing, which has significant implications for digital medical devices and health apps
• These technologies increasingly rely on large amounts of sensitive health data. 
• In this issue, we highlight the key provisions of EU data protection law that are relevant to the digital health landscape

To registration

Digital Devices Discussions | Session #6: IP strategies and tools to protect hardware, software, data and know-how of machines & gadgets 
26. Juni 2025  

• As today’s digital devices become more innovative and intelligent, protecting the underlying intellectual property becomes increasingly difficult 
• This issue explores the legal possibilities of patents, copyrights, designs, trade secrets and beyond, and develops strategies to best protect the innovations of machines and devices 

To registration

Blogs

The Unified Patent Court

• Insights, videos, FAQs and more on all important aspects of UPC 

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Virtual goods, real trade marks: the CJEU's first take on distinctiveness 

• In a landmark ruling, the CJEU has clarified how virtual and physical goods are perceived by consumers and how this affects the assessment of distinctiveness for virtual trademarks
• A look at the decision 

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Webinars

IP Talk Session #1: Case law overview 
11 March 2025 

• How do the marriage proposal of the year, Pablo Escobar, the VW van and blue and green influence brand practice?
• In their case law overview, our experts analyse exciting current decisions by courts and offices in trademark law - they show which lines of development are continuing in case law and where new trends are emerging
• Among other things, it is about distinctiveness, morality and 3D trademarks 

To registration [German only]

IP Talk Session #2: Soundmarks
25 March 2025 

• Rainer Hirt, founder of audity GmbH and creator of numerous sound brands, takes you on a journey through the entire development process - from the initial idea to the final sound product
• At his side, our expert will explain the legal protection options and show you practical examples of how you can successfully enforce your sound trademark
• Gain an in-depth, practice-orientated insight into a topic that is becoming increasingly important 

To registration [German only]

IP Talk Session #3: Reputation Management 
8 April 2025 

• A brand’s reputation is a crucial corporate asset that can be jeopardised by scandals, social media attacks and high ethical expectations from consumers
• Social media and a media landscape geared towards scandalisation in particular can quickly escalate communication crises
• What legal options are there to defend yourself against unauthorised attacks and protect your own brand? When does legal action even make sense? 

To registration [German only]

IP Talk Session #4: Algorithm meets Regulation
30 April 2025 

• In this session, we will examine the current regulation of advertising in the digital space: transparency, information and labelling obligations in the age of DSA, DMA and AI Act
• An overview and outlook on the challenges for corporate advertising communication 

To registration [German only]

IP Talk Session #5: DSA Enforcement and Collective Actions 
14 May 2025 

• The last session of this year’s IP Talk webinar series will focus on the enforcement of the DSA in Germany by associations and an update on representative actions

To registration [German only]

The special features of the contractor’s liability in the event of deviation of the quality agreement from the recognised rules of technology 

• Is the contractor liable if the functionality of his work is impaired by defects that were already included in the planning submitted by the client and the agreed quality deviates from the recognised rules of technology?
• The court’s decision clarifies the contractor’s strict liability for success under the law on contracts for work and services with a textbook presentation of the functional concept of defects and the obligations of the parties involved in the construction to inspect and provide information
• Facts, legal considerations and consequences for practice 

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The role of thermal probes in the energy transition: Authorisation procedures and potentials 

• The energy transition poses major challenges for the property sector - particularly in the area of heat supply
• One particularly promising technology is the utilisation of geothermal energy using heat probes - this enables an environmentally friendly, efficient and virtually CO₂-free heat supply for buildings
• However, before a heat probe can be used, an authorisation procedure is required, which can vary in complexity depending on the location and depth of the borehole 

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Shopping Centres in ESG wonderland 

• The shopping centre business model has proven to be very attractive for decades, but now many of them are under pressure like never before
• And now, of all times, business models must also prove themselves in the area of sustainability
• An overview of ESG requirements for shopping centres  

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Waste heat from data centres - new reporting obligations under the Energy Efficiency Act 

• The Energy Efficiency Act (“EnEfG”) came into force on 18 November 2023 and serves as a national implementation act of the amended EU Energy Efficiency Directive (“EED”) to achieve European energy and climate protection targets
• The obligations arising from the EnEfG apply to data centres with a non-redundant nominal connected load of 300 kW or more - according to the BMWK, this is around 1,000 data centres in Germany
• With regard to waste heat data, a reporting obligation for affected companies and thus also for data centres has been in force since 1 January 2025 - the corresponding data must then be submitted annually by 31 March each year 

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Event

Young Hospitality Forum | Workshop & Social Networking 
1 July to 2 July 2025 
Frankfurt am Main 

• Sustainability, digitalisation and rising costs: the hotel industry will continue to face major challenges in 2025 - and it is precisely these that we would like to discuss with you at the Young Hospitality Forum
• The Young Hospitality Forum in Frankfurt a.M. has been one of the most popular networking events for young professionals from the hotel industry for years 

To registration

Implications for franchisors and international brands: Federal Constitutional Court confirms local packaging tax 

• On 27 November 2024, the Federal Constitutional Court confirmed the packaging tax statute imposed by the city of Tübingen - a ruling that is set to reshape the regulatory requirements for franchisors and companies operating in Germany
• The decision has far-reaching implications as it confirms the legal basis for municipalities to levy local packaging taxes, which could lead to a fragmented regulatory environment across the country
• A look at the challenges and opportunities 

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Product liability and safety horizon scanning – what to look out for in 2025 

• The EU product safety and liability landscape has undergone significant developments in the last year to modernise the rules relevant to product safety and adapt them to advancing technologies (such as AI systems and IoTs), circular economy business models and the globalisation of supply chains
• As reforms are also pending in the UK, companies will have to deal with new compliance requirements and potential risks in the coming year 
• We provide an overview of the developments that all companies in supply chains should be aware of to ensure compliance and minimise liability risks as far as possible in the future 

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Antitrust class actions in Germany after the CJEU decision in case C-253/23 (ASG 2)

• The CJEU has ruled in a preliminary ruling procedure on the requirements of EU competition law regarding the legal possibilities for the bundled enforcement of antitrust damages claims in the Member States
• Initial situation, the CJEU decision and implications for practice 

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Webinar

German Supply Chain Act (LkSG) webinar on the BAFA handout "Standards, audits and certifications"  

• In our webinar, our experts discuss the questions that companies subject to the LkSG should ask themselves when it comes to the measures mentioned and the selection of appropriate providers
• This makes the webinar particularly interesting for providers of certifications, seals, automated risk analyses, audits, etc., as the BAFA handout gives them the opportunity to review their methodology against the background of the LkSG 

To recording [German only]

Sustainability policies in purchasing, sales and distribution 

• The second part of the three-part series focussed on the policies required by the CSRD, CSDDD, LkSG, EUDR, BattVO and others
• Analyses of the aforementioned legal acts and their practical implementation show that stakeholders and shareholders, auditors, contractual partners, certifiers, rating agencies, authorities and auditors, among others, are asking for guidelines and regulations within the company
• In the webinar, you will learn which sources and content are suitable for sustainability policies in purchasing, sales and distribution 

To recording [German only]

Digital Devices Discussions | Session #4: Sold! Successful distribution of Gadgets and Smart Machines in Europe - Tricks & Pitfalls 
24 April 2025 

• In this volume, you will learn how to avoid typical pitfalls: From unintentional infringements of competition law - just think of the new Block Exemption Regulation for vertical agreements - to inadvertently manufacturing a product that you do not even recognise
• Data protection and data exploitation for smart machines and devices under the new EU digital regulation
• Right through to labelling and modification in the context of product conformity - right through to solutions for “it was nobody’s fault” situations - effective allocation of responsibilities in the supply and distribution chain 

To registration

Blog

Supply Chain Act 

• Are you affected by the Supply Chain Act?
• What measures do you need to take now? What sanctions can be imposed for violations? 

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Recourse of the corporation against its board members for fines imposed on the company 

• As part of a request for a preliminary ruling to the CJEU, the Federal Court of Justice has clarified the question of whether national legislation, according to which a company that has been fined for an antitrust offence can have recourse to its managing directors or board members
• Facts of the case, course of proceedings and legal assessment 

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FDI Update Germany 2025: Facts, Figures and Outlook 

• The Federal Ministry for Economic Affairs and Climate Protection (BMWK) has published its annual statistics on the facts and figures of the investment review in Germany 2024
• Further adjustments are expected at legislative level - EU and national 
• We provide a brief overview 

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Trump’s tariffs on Mexico and Canada: challenges and options for European companies 

• Background and economic impact, especially on European companies and strategies to manage customs risks 

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Podcast

Chaos or relief? The consequences of the CSRD delay 

• CSRD - these are four letters that raise at least a few concerns on company management floors
• At the beginning of the year, most of them are probably completely at a loss because the Corporate Sustainability Reporting Directive did not come into force in 2024 as originally planned due to the collapse of the traffic light coalition
• Our expert explains the consequences of the delay for the approximately 15,000 companies potentially subject to reporting requirements, which reporting obligations now apply for the 2024 financial year and how the CSRD could proceed 

To the Podcast

Q&A on Employment of Personnel Reaching the Statutory Retirement Age in China 

• The gradual increase in the statutory retirement age was adopted on 13 September 2024 and provisional measures to implement the flexible pension system were adopted on 31 December and came into force on 1 January 2025
• The most important questions and answers about the new regulations 

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Federal Employment Court (BAG) pushes ahead with digitalisation: payslips may only be provided online  

• In a recent ruling dated 28 January 2025, the Federal Employment Court clarified that employers can also fulfil their obligation to issue payslips digitally
• The court considered the posting of the statement as an electronic document for retrieval in a password-protected digital employee mailbox to be sufficient
• Facts, reasons for the decision and practical tips 

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“Breathe a sigh of relief” for self-employed freelance teachers and educational institutions: Bundestag clears the way for transitional regulation 

• The so-called “Herrenberg” decision of the Federal Social Court (BSG) in June 2022 had caused shock waves when the BSG had ruled that fee-based teachers were generally employed, which led to numerous additional claims for social security contributions
• The legislator has now reacted to this and passed a law on 30 January 2025 that gives the parties concerned time to make the necessary changes to the organisational and financing models 
• A quick look at the requirements for the exonerating regulation 

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Federal Employment Court (BAG) strengthens employer rights: no obligation to disclose employee e-mail addresses to trade unions! 

• The BAG has strengthened the rights of employers in the digital space in two recent judgements
• Accordingly, there is no obligation for companies to provide trade unions with the work email addresses of their employees or to grant them access to internal digital communication platforms 
• Initial situation, reasons for the decision and practical tips 

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Permissibility of reducing variable remuneration in the event of long-term illness

• In a decision dated 21 May 2024, the Higher Employment Court of Düsseldorf confirmed that a pro rata reduction may be permissible
• In accordance with the principle of “no work, no pay”, there was no entitlement to remuneration after the end of the six-week period of continued remuneration in the event of continued incapacity to work due to illness and therefore no entitlement to payment of variable remuneration for this period 
• Facts of the case, reasons for the decision and practical advice 

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Work/Life: international employment news update    

• Issue 112

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• Issue 113

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Webinars

HR Coffee Break #1 2025: What’s new in employment law in 2025 

• What should you know for the new year? 
• In the first HR Coffee Break 2025, our team will provide an overview of changes to employment law and bring you up to date with the latest developments 

To recording [German only]

Unlocking Remote Work in Spain: Seizing Opportunities and Overcoming Challenges in the EU  

• Do you dream of working on Spain’s sun-drenched coasts or in vibrant cities?
• Spain has become an increasingly popular work-from-home destination in the EU, offering international professionals a unique blend of lifestyle, infrastructure and developing business opportunities
• But what does it really take to work from home in Spain and what challenges should employers and employees be aware of 

To recording

HR Coffee Break #2:  New government, new laws? What HR departments can expect after the general election 

• What happens after the elections? From exploratory talks and coalition negotiations to the swearing-in of the cabinet - the path to possible employment law reforms is long and complex
• In this issue, just a few days after the general election, we give you an initial overview of the legal changes that could be in store for employers and employees depending on the coalition government 

To recording [German only]

The crisis as an opportunity - principles and objectives of employment law transformations 
5 March 2025 

• Crisis situations require decisive entrepreneurial action - in our webinar we will give you a comprehensive insight into the basics of employment law transformation processes
• Learn how to proceed strategically, how to organise such processes, which legal framework conditions you need to consider and how to successfully take the decisive steps in planning and implementation

To registration [German only]

Goodbye gender pay gap - hello pay transparency 
6 March 2025 

• Time will be up in 2026: this is when the European Pay Transparency Directive must be implemented by companies
• The Directive provides for extensive information rights and reporting obligations in order to close the pay gap in companies and promote fair and transparent remuneration 
• Find out everything you need to know now to be prepared for the changeover in the webinar with Cobalt 

To registration [German only]

10 Pitfalls in German employment law #8 – Employer of Record

11 March 2025   

• Many international recruitment companies offer Employer of Record (EoR) services - the EoR hires a person for the client and takes care of the induction and management of the employment relationship
• The person hired actually works under the supervision of the client and is (virtually) integrated into the client’s business
• In our webinar, our specialists will guide you through this topic and show you how to avoid the legal pitfalls when working with an EoR in Germany  

To registration

Alternatives to staff cuts 2 - cooperation with the works council and trade unions 
19 March 2025 

• Constructive cooperation with the works council is a decisive factor in preventing redundancies and at the same time ensuring the profitability of your company
• We explain how alternative cost-cutting measures can be developed together with the works council, the crucial role that location protection measures play in safeguarding jobs and how a collective restructuring agreement can be used as a strategic instrument. 

To registration [German only]

When staff cuts are unavoidable - legally compliant preparation, planning and legal representation 
7 May 2025 

• If preventive measures to reduce costs do not achieve the desired effect, staff cuts are often unavoidable
• In this webinar, we offer you a detailed step-by-step guide on how to implement redundancies in a legally compliant manner - from the social selection to the reconciliation of interests to the social plan
• Implement a fair and transparent redundancy process to provide your employees with the best possible support  

To registration [German only]

Transfer companies and outplacement - socially responsible solutions in practice 
14 May 2025 

• Transfer companies and outplacement programmes offer effective solutions to cushion the social consequences of staff cuts
• In this webinar, you will learn how to set up a legally compliant transfer company, the advantages of tripartite contracts between employer, employee and transfer company and how outplacement measures help affected employees to quickly re-enter the labour market
• Discover practical tools that both protect the company’s interests and offer your employees a fair perspective 

To registration [German only]

Digital challenge: our quick check with digiANF 

• Our digiANF software significantly accelerates the investigation of avoidance and liability claims - digiANF combines speed and precision to make quick and well-founded decisions when pursuing claims
• A look at the advantages of the software 

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Subordination without borders? German court refers matter to the ECJ for clarification 

• A shareholder resident in Austria granted shareholder loans to a German company
• The insolvency administrator of the German company demanded repayment of the loan repayments in accordance with the German Insolvency Code (InsO), which treats shareholder loans as equity and is subordinated to unsecured creditors in the event of insolvency 
• Background, reasons for the decision and the most important findings

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The increasing influence of ESG factors on acquisition financing in Germany 

• Recently, there has been a steady increase in disclosure requirements on how companies deal with ESG factors 
• The most recent stricter legal requirement under national law came into force on 1 January 2023 with the German Act on Corporate Due Diligence in Supply Chains (Lieferkettensorgfaltspflichtengesetz, or “LkSG” for short) 
• A comprehensive look at corporate reporting obligations and areas of application in acquisition financing 

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2025 Fintech Outlook: 5 key areas to watch 

• Thanks to favourable market developments, the fintech industry can start 2025 with confidence - in addition, a number of important EU laws aimed at regulating some of the main areas of the fintech sector are due to be finalised or come into force
• In particular, the new regulations are intended to offer companies a higher degree of legal certainty 
• We summarise the five key areas that you should keep an eye on 

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