Dusseldorf skyline, By Lukasz/Adobe Stock German Legal Reforms To Level the Playing Field for Global Firms
German reforms aim to eliminate regulatory loopholes, address LLP eligibility and ownership structures, and make competition easier for international firms.
October 30, 2024 at 04:30 PM
3 minute read
Germany is weighing legal reforms that would allow international firms to compete on equal terms for the first time, closing loopholes that have long disadvantaged non-Europeans.
The Federal Ministry of Justice presented a 139-page proposal of reforms to Germany's states and legal associations on October 25 and requested comments. The proposals are geared to eliminating red tape and putting European and non-European law firms on an equal footing, but the specifics, cloaked in technical jargon and still at the consultation stage, are difficult to pin down.
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Related Stories
View AllYou Might Like
View All
X-odus: Why Germany’s Federal Court of Justice and Others Are Leaving X
Threat of Trump Tariffs Is Sign Canada Needs to Wean Off Reliance on Trade with U.S., Trade Lawyers Say
5 minute read
UK Sanctions Regime Put to the Test as Supreme Court Hears First ‘De-Designation’ Case Brought by Billionaire
Trending Stories
- 1Gibbons Reps Asylum Seekers in $6M Suit Over 2018 ‘Inhumane’ Immigration Policy
- 2DC Judge Chutkan Allows Jenner's $8M Unpaid Legal Fees Lawsuit to Proceed Against Sierra Leone
- 3Internal Whistleblowing Surged Globally in 2024, so Why Were US Numbers Flat?
- 4In Resolved Lawsuit, Jim Walden Alleged 'Retaliatory' Silencing by X of His Personal Social Media Account
- 5Government Attorneys Face Reassignment, Rescinded Job Offers in First Days of Trump Administration
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
