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Collaborating with international service providers is often more complex than it seems at first glance. Typical mistakes in the selection process can lead to delays, compliance risks and significant follow-up costs. This article highlights the pitfalls companies should avoid and the key criteria that determine how to successfully select an international service provider and ensure long-term success of your projects.

How has China's economy developed and how have China's outbound investments evolved? We look back at 2023 and provide an outlook for 2024 from the perspective of Chinese companies.

If a contractual partner gets into difficulties, there is often a desire to dissolve the contract. Many long-term contracts such as supply or distribution agreements contain so-called insolvency-dependent termination clauses (insolvenzabhängige Lösungsklauseln) for such cases. However, whether a termination can in fact be successfully based on such a clause must be examined on a case-by-case basis. Here, we inform about the legal requirements regarding the effectiveness for such clauses.

Including an increase in funding volumes and faster payout. We’ve put the most important details together below.

Two changes to the German Foreign Tax Act (Außensteuergesetz – AStG) will affect the treatment of intercompany cross-border financing transactions for tax periods from 2024. This post summarizes the new rules.

2024 – the number of companies that have been hacked is growing. According to the statistics of the Hiscox Cyber Readiness Report 2023, worldwide around 50 per cent of all businesses have already been the victim of a cyber-attack – and there was a dramatic rise in Germany in 2022. The number of reported cases is growing year by year. The question is no longer wheth-er a company will be attacked but when. In an attack, what should you do?

How does EaaS work and how can machinery and plant manufacturers take advantage of this model? What legal, tax and ESG aspects need to be considered? We answer the most crucial questions.

The EU is creating a new legal framework for digital business models. Legislation like the Digital Markets Act, Digital Services Act, Data Act and AI Act includes a multitude of provisions that have to be complied with and legally implemented.

Since the Supply Chain Due Diligence Act came into force at the start of the year, im-plementing its requirements has to many companies become a fixed part of daily business. In this article, we point out the aspects that have turned into recurring is-sues which have to be considered in order to implement the Act properly.

The Institute of Public Auditors in Germany, Incorporated Association (IDW) [Institut der Wirtschaftsprüfer in Deutschland e.V.], published a position paper on the future of non-financial reporting and assurance. Besides aspects to be considered for the development of an integrated reporting that addresses the information requirements of all stakeholders, the abstract provides an update on the latest ESG reporting pronuncements.

Cologne Fiscal Court has held that section 50d(1) sentence 11 of the German Income Tax Act [Einkommensteuergesetz – EStG] has merely procedural character. The judgment con-tributes significantly towards eliminating legal uncertainty and has set limits on the tax authori-ties’ pro-taxation stance. Here are the details.

The invasion of the Russian armed forces in the Ukraine on 24 February 2022 is having – as far as predictable at all – substantial short-term and long-term consequences on all areas of the economy. In December 2022, the Institute of Public Auditors in Germany (IDW) published a fourth update on the potential effects of the Ukraine war on the accounting of current financial statements.