Oct 24, 2024
In a share deal, a shareholder of a company sells shares that entitle him or her to control the company to another party. Although the shareholder changes, the employer company of the company's employees remains unchanged. This article examines business transactions, in particular...
Oct 24, 2024
Underperformance is defined as failure to meet work obligations below the employee's own potential and poor performance. Underperformance is usually a case of a worker not achieving what he or she should have, even though he or she has...
Oct 24, 2024
A demerger is often used to prepare for a change of ownership by separating the part of the business that is to be transferred to the new owner. You should allow about six months for the division to take place, as the time required for publication in the Commercial Register is more than three years...
Oct 24, 2024
The right to enter into a binding contract with a company is based either on a legal right of representation or on a given power of attorney. The right of a statutory representative, such as a managing director or board member, to enter into contracts on behalf of the company is directly based on his or her position...
Oct 22, 2024
In principle, a contract is only concluded between the parties when there is a positive response to the offer. If no agreement can be reached, the contract negotiations will be terminated without result. It follows from this principle of contract law that...
Oct 20, 2024
What is the duty of loyalty? An employee has a duty of loyalty to his or her employer. It is often forgotten that just as an employer has a duty to ensure, among other things, that an employee is safe at work and paid, so too does an employee have a duty to...
