More than ten years after Cadbury Schweppes, the European Court of Justice reaffirmed that directive benefits cannot be denied on the basis of assumptions laid down in domestic tax laws. Substance must be tested but cannot be denied on the ... (more)
The Frankfurt am Main Court of Appeal determined in its decision on June 21, 2017 (17 U 160/16) that a recommendation for an investment in closed-end real estate funds to a charitable foundation, which is subject to the obligation of capital ... (more)
MiFID II has introduced a set of new requirements for investment firms as “producers” of investment products and for placement agents as “distributors” of such products. Most of the requirements set forth in MiFID II are provided in connection with ... (more)
