In their article published on May 28, 2015, Karina Kemper and Johannes Höring discussed the ECJ judgment regarding German lump-sum taxation according to section 18 paragraph 3 of the German Foreign Investment Act (GFIA). In its judgment dated May 21, 2015 (Wagner-Raith) the ECJ ... (more)
Could distributions of closed-end real estate funds violate the duty of capital preservation (Vermögenserhaltungspflicht)? - A new interpretation under the German Investment Code (KAGB) In the 1/2013 edition of the journal Stiftungsmanagement Alexander Skowronek explained why distributions of closed-end real ... (more)
Under the previous administrative practice, the German Banking Act prohibited German alternative investment funds (AIF) from granting loans as this was deemed to be “banking business” and thus required a banking license. Under the new administrative practice, the granting of ... (more)
