The incorrect organisation of a transaction process can lead to high losses and risks, both on buyer and seller side, if the rescission of an intercompany agreement does not become effective at the agreed time. This can result in inadvertent liability on part of the seller and to financial losses suffered by the buyer. A judgment of this year confirms that an intercompany agreement with a dependent GmbH [Limited Liability Company] can be terminated only at the end of a financial year or of the otherwise contractually stipulated accounting period. Continue reading →