Managing directors are obliged to set up compliance management systems

Managing directors are obliged to set up a compliance management system, i.e. to take organizational precautions to prevent the company or its employees from committing legal violations. This was once again expressly confirmed by the Higher Regional Court of Nuremberg in its decision of March 30, 2022 (case no. 12 U 1520/19).

The DiRUG is here! – A digitalization push for German corporate law?

The Act Implementing the Digitalization Directive (DiRUG) comes into force today – as a result, German company law is (finally) undergoing a long overdue modernization. For the first time, it will be possible to establish GmbHs and UGs online with cash. We have summarized the most important changes for you below!

Cancellation button required for consumer contracts in online commerce

As a result of the 2022 reform of the law of obligations, there will be an important change for e-commerce merchants as early as July 1, 2022: Entrepreneurs who conclude long-term contracts with consumers online for a fee must provide a termination button on the website if consumers can or could conclude contracts via the website.