News

New partner Markus Möller: TRACC LEGAL continues to grow

Porträt Markus Möller

New partner: Markus Möller.

Munich law firm TRACC LEGAL expands further with Markus Möller as new partner. Mr Möller has been admitted to the German bar in 2006. Since then he had been working with BEITEN BURKHARDT, from 2011 as partner, in its Frankfurt office. He studied law at the universities of Münster and Wellington (New Zealand), where he gained a Master of Laws (LL.M.). Continue reading

RUF Maschinenbau GmbH & Co. KG takes over C.F. Nielsen A/S

The machine manufacturer RUF Maschinenbau GmbH & Co. KG has taken over C.F. Nielsen A/S, Denmark, acquiring a supplier strong and steeped in tradition in the market ofbriquetting systems. Thereby RUF complements and expands its portfolio substantially and further reinforces its position as a leading supplier for briquetting systems. Continue reading

New Associate: Matthias Jacobs, LL.M.

Attorney Matthias Jacobs

Attorney Matthias Jacobs

The number and dimension of our present and newly acquired mandates requires a further increase in our staffing structure. In perspective of the next years we plan to strengthen our team with additional legal professionals. For now, we are very happy to introduce Mr. Matthias Jacobs who supports us as associate lawyer since the middle of February 2018.

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GbR as GmbH partner: What you need to know when registering

In Germany, if a civil law partnership, or GbR, becomes a shareholder in a limited company, or GmbH, not only is this GbR to be added to the list of shareholders, but so too must all partners of the GbR itself. That was the decision reached by Hamm Higher Regional Court (OLG) in its judgment of 24 May 2016 (27 W 27/16). Continue reading

TRACC LEGAL advises ADCURAM in the majority takeover of the VITRULAN Group

Munich industrial holding ADCURAM Group AG is acquiring 90 per cent of the shares in the Vitrulan Group under a succession arrangement. The respective sale and purchase agreement was signed on 07 October 2016. The previous majority shareholder will retain a ten per cent stake in the operative companies Vitrulan Textile Glass GmbH in Marktschorgast (Upper Franconia) and Vitrulan Technical Textiles GmbH in Haselbach (Thuringia) and will continue to lead the group as managing director. Continue reading

ADCURAM sells HOCO

On 24 August 2016 Munich industrial group ADCURAM sold the HOCO Group, which trades in Germany under Hoco Fenster und Haustüren GmbH. The buyer is a group of investors consisting of NAVIGIS AG and Apex AG. Continue reading

Debate about “hard” and “soft” balance sheet guarantees: Recommendations for the drafting of contracts

Latest verdict gives important indicators for buyers and sellers

In addition to other undertakings, corporate acquisition agreements often also contain warranties given by the seller concerning the accuracy of the annual financial statements of the business being sold. In practice, however, there are frequent disputes concerning these balance sheet guarantees, as they are known: Under what circumstances is the guarantee considered breached? What are the consequences of a breach of the guarantee? Continue reading