Brexit and public procurement law
Brexit - currently still a “never ending story”: Many people are tired of hearing about the topic. Nevertheless, Brexit also has an impact on public procurement law in Germany. At present, the British House of Commons is still arguing about how Brexit should be performed, the result of which is still open. The extent to which the UK will be at a disadvantage compared to other Member States when public contracts are awarded in the future will depend on the decision.
Residence and labor law consequences of an Brexits without withdrawal agreement
Where German companies or their subsidiaries employ employees of other nationality in the UK, a Brexit without a withdrawal agreement would in principle mean that the transitional phase originally provided for in the withdrawal agreement until 31st December 2020 - which was not to change the respective residence status - would not take effect.
However, according to the current information from the British government, even in case of a hard Brexit, EU citizens who are resident in the UK at the time of a Brexit without a withdrawal agreement can retain their residence status and apply for a residence permit until 31st December 2020.
Real I.S. accompanied in the acquisition of the TechPark in Erlangen
Munich-based Real I.S., a subsidiary of Bayern LB with property assets of around EUR 7 billion under management, has acquired TechPark in Erlangen with a total usable space of 11,500 sqm. The seller is the real estate developer Sontowsky & Partner. The office property was acquired for a real estate special AIF. The transaction was partly financed via the crowdinvestment platform Zinsbaustein. A total of 291 investors invested EUR 1.25 million in the property through subordinated bonds. The total volume was EUR 25 million. The Sparkasse Erlangen financed the main share with EUR 22.5 Million.
A team from the commercial law firm HEUSSEN headed by its partner Christoph Hamm provided legal advice to Real I.S. on the acquisition. Further team members were Bernhard Schex (partner), Rupert Klar (partner), Dr. Nicole Wolf (associate) and Charlotte Zais (associate), all from Munich.
HEUSSEN: Among the best law firms in public procurement law at WirtschaftsWoche
For the second time since 2014, WirtschaftsWoche (WiWo) has selected Germany's top law firms and top lawyers for public procurement law - an area in which EU-wide invitations to tender for public contracts amount to more than two trillion euros per year, in Germany alone more than 440 billion euros. This makes it even more important to find out which law firms and lawyers in Germany have earned a first-class reputation through their practical work.
As in 2014, the procurement law practice of HEUSSEN and its Partner Uwe-Carsten Völlink are among the top players in 2018 as well.
HEUSSEN cocktail reception on the occasion of the IBA Annual Conference 2018 in Rom
Almost 200 lawyers from all over the world attended the HEUSSEN Cocktail Reception at the Terrazza dei Cavalieri di Rodi overlooking the Imperial Forum for exchange and networking in the early evening during the IBA Annual Conference 2018 in Rome.
HEUSSEN: Labour law and mediation listed by FOCUS Top Commercial Law Firms 2018
In 2018, HEUSSEN is again one of the top recommended commercial law firms in Germany, according to the result of the annual survey conducted by the market research company Statista for the news magazine FOCUS. HEUSSEN was selected for the two practical areas of labour law and mediation.
HEUSSEN has been recommended by colleagues and clients alike in these two specialist areas and is therefore ranked among the top commercial law firms.
Industria advised on portfolio sale worth more than EUR 1 billion
Industria Wohnen, the real estate subsidiary of Degussa Bank, has sold the real estate portfolio of its real estate special fund Wohnen Deutschland. The buyer is the Danish PFA. The Century portfolio comprises 33 residential properties. The purchase price amounts to approximately 900 million euros (net), the total investment volume including development potential is estimated at approximately 1.2 billion euros gross.
A team of the commercial law firm HEUSSEN under the direction of partner Christian Weinheimer advised Industria on the sale.
Wöhr + Bauer assisted in the purchase of three office towers in Eschborn
The Munich project developer Wöhr + Bauer acquired an office ensemble with 22,000 m² Rent and 1.5 hectares of land in Eschborn. Seller is the Karl Group from the Bavarian Innernzell. The office ensemble, consisting of three empty, eight-storey office buildings will be used for commercial and residential purposes in the future. The purchase price has been agreed not to disclose anything.
A team of the commercial law firm HEUSSEN under the direction of partner Dr. Jan Dittmann has advised Wöhr + Bauer on the acquisition.
BlueRock advised on the sale of Techem Headquarters in Eschborn
The BlueRock Fund has sold the headquarters of energy service provider Techem Energy Services GmbG in Eschborn to a Luxembourg fund. The parties have agreed not to disclose the purchase price. However, BlueRock director Ronny Pifko speaks of a "profitable sale" and the associated "excellent return".
A team of the commercial law firm HEUSSEN under the direction of partner Dr. Jan Dittmann advised BlueRock on the sale.
Legal Advice for Real I.S. on Recent Transaction
Munich-based investment fund provider Real I.S. recently sold the Circoleum office building, located at Siemensstraße 21 in Bad Homburg near Frankfurt. The purchaser is Concarus, a corporate affiliate of the May & Porth Group. The selling price for the property was listed at approx. 40 million Euros.
A legal expert team from the HEUSSEN corporate law firm headed by Christoph Hamm, one of the firm’s partners, provided Real I.S. with legal advice throughout the transaction.
New Online-Tool: Assess your Brexit-risk
The negotiations between the European Union and the Government of the United Kingdom are virtually at a standstill. The Federal Association of German Industry (BDI) has advised its members to prepare for an unregulated "hard" Brexit. Basically, every company with business relations to the UK will be affected by this.
Our international law firm network Mutilaw, supported by HEUSSEN, incorporated a "Brexit-Response-Team", which monitors the developments closely and deals with the legal impacts of Brexit. The team developed an interactive online-tool, which you may use to identify your Brexit-related exposures and possible approaches to solutions.
This "Brexposure"-tool is now online. This link takes you directly there. If you have any questions about the report, please give us a call without any obligation.
Following the progress of negotiations, the Brexit-Response-Team will provide continuous updates of analyses and recommendations.
HEUSSEN: Legal Support for Magelan During Development of DSGVO Navigator – Presentation at IT-SA
With preparations underway for legal conformity with the basic data protection law recently enacted by the EU, local data security engineers and companies are both feeling the heat. That’s because they have to analyze any and all data-related processes they may have for compliance with the new law before it takes effect in May 2018.
Enter Munich-based IT service & software provider Magelan GmbH, which rose to the challenge and stands ready to present a solution at it-sa, Europe’s largest IT security expo held in Nuremberg, Germany.
HEUSSEN Rechtsanwaltsgesellschaft mbH: Legal Support for CIREAS in Real Estate Acquisition
German-based CIREAS GmbH – Consultants in Real Estate and Structuring – has acquired another specialty market of Accom, a leading real estate investor and service provider in Germany, for a local family office. That specialty market is located in the town of Hoyerswerda, Saxony. Accom had put the object in question up for sale as part of a portfolio adjustment. All parties involved agreed not to disclose the actual purchase price. This follows a similar transaction finalized just the summer before, in which CIREAS acquired a specialty market located in the Bavarian resort town of Bad Tölz for another family office.
When purchasing their latest object, CIREAS received expert advice in real estate and corporate law matters from a team of the international corporate law firm HEUSSEN. Heading the team was one of the firm’s partners, attorney Christoph Hamm (construction/real estate law). Team members included Alexander Tauber (Senior Lawyer, corp. law), Bernhard Schex (Partner, public law, construction/real estate law) and Nina Klotz-Hörlin (Senior Lawyer, real estate law).
HEUSSEN: Nominated Law Firm of the Year for Media and Technology 2017 by JUVE
This year, German publisher JUVE-Verlag once again marks the occasion to present corporate law firms and their lawyers with the JUVE Awards. In their choice for nomination, JUVE editors look for practice groups that have shown uniquely positive trends within the past 12 months. For 2017, they’ve chosen HEUSSEN as "Law Firm of the Year" in the field "Media & Technology", along with four other law firms. The awards will be presented on October 26 at Frankfurt’s Alte Oper (Old Opera).
Ranked Among in Official Guide to Germany’s Top Lawyers for 2017
This year, US publisher “Best Lawyers” has once again joined forces with German business publication “Handelsblatt” to identify Germany’s most renowned lawyers from a variety of law fields.
As a result, HEUSSEN, a full-service commercial law firm with branch offices in Berlin, Frankfurt, Munich and Stuttgart, has been able to further fortify its presence on the list, with its team of legal experts being ranked in the fields of real estate law, IT law, engineering law, public law, public procurement law and arbitration.
Legal Advice for BlueRock on Real Estate Acquisition
Gibraltar-based real estate fund BlueRock Fund has acquired three objects from the real estate portfolio of German management company Haus Ruhrort II Verwaltungsgesellschaft.
During its acquisition of the three objects, BlueRock received comprehensive legal advice from a team of the international corporate law firm HEUSSEN. Heading the team was Dr. Jan Dittmann (Partner, real estate law). Team members included Carsten Richter, LL.M., Dr. Simone Schultheiß (Lutz) (both Associates, tenancy law) and Bernhard Schex (Partner, public law).
Legal Advice for Schwermer on Sales Transaction
Heidi Chocolat Group AG, based in Zug/Switzerland has acquired tradition-steeped chocolate company Schwermer, based in Bad Wӧrishofen/Germany. Specializing in high-quality chocolate, the Heidi company belongs to the company Kex AG, which in turn is part of the Julius Meinl Group, which is based in Austria.
Throughout the transaction, the managing partners of Schwermer relied on the comprehensive legal advice of HEUSSEN attorneys Dr. Georg Anders and Cornelia Weber (both Partners, corporate law, Munich office).
Consulting for Real I.S. AG on Retail and Office Property Sale in Central Berlin
An investment company affiliated with Munich-based real estate investment company Real I.S. AG has sold roughly 8,500 sq. meters (almost 91,500 sq. ft.) of retail and office property to Truvia, a capital management company based in Frankfurt. The anchor tenant of the property is Swedish retail clothing company H&M. Designed by engineering company Kollhoff Architekten, the property was built in 1996 as part of the ensemble "Hofgarten am Gendarmenmarkt" (Courtyard at the Gendarmes’ Market).
Legal Advice for Fidor Group on Being Taken Over by Major French Bank BPCE
Fidor Group takeover: Both the Fidor Bank, founded in 2009, and Fidor AG, an innovative fintech pioneer and winner of multiple awards in its field, are facing takeover by BPCE, France’s second largest banking group. The corporate takeover is currently pending approval by anti-trust authorities and other relevant regulatory authorities.
BREXIT – what´s next?
To foresee the (possible) consequences of a (possible) BREXIT today is difficult, if not downright impossible. Indeed, to many of us here on the Continent, the whole issue may seem remote right now. Undeterred by this, many consultants are already filling their clients’ heads with ideas like "Fit for the BREXIT" and other advice. Sorry, our idea of effective legal counselling generally doesn’t include fitness training for budget warriors or any leaps of faith. However, we do agree that now is a good time to start thinking about what legal form a limited company based in Germany may take on in the future or what the legal protection of your own brand might look like in the UK in the future.
Legal Consulting for Hamburg-based reconcept Involving Bond Issue
Headquartered in Hamburg, Germany, investment company reconcept has issued a bond for its latest wind energy project (“reconcept 07 Anleihe der Zukunftsenergie Wind Deutschland GmbH & Co KG”). At a volume of 7.75 million Euros, the bond comes with a 5-year maturity and a fixed interest rate at 5% p.a.