Withdrawing from life insurance policies: Review withdrawal

Withdrawing from life insurance policies: Review withdrawal

Withdrawing from life insurance policies: Review withdrawal

http://www.grprainer.com/en/legal-advice/capital-markets-law.html Anybody who wishes to withdraw from their life insurance policy or pension scheme can have someone review whether this is possible. This is generally more financially appealing than termination.

GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London conclude: A lot of consumers have taken out life insurance policies or pension schemes as a way of providing for old age. That being said, many life insurance policies have not developed as well as anticipated in recent years. The ongoing period of low interest rates as well as private liquidity requirements can result in consumers considering a premature withdrawal from their life insurance policy or pension scheme. In the case of termination, consumers have to content themselves with the surrender value. Withdrawal may be the more lucrative option.

The Bundesgerichtshof (BGH), Germany”s Federal Court of Justice, has opened the door to withdrawal from life insurance policies and pension schemes. In May 2014, the Karlsruhe judges ruled that it is possible to withdraw from a policy if the policyholder has not been properly informed about his option to withdraw. Flawed guidance concerning withdrawal could mean that the withdrawal period never commenced, with the result that it remains possible to withdraw from the policy even though years have passed since its conclusion. While the jurisprudence of Germany”s highest court initially applied to life insurance policies that were taken out in accordance with the so-called “Policenmodell” (policy model) between 1994 and 2007, the BGH extended this jurisprudence to policies concluded pursuant to what is termed the “Antragsmodell” (offer-acceptance model).

The BGH fleshed out what consumers can expect from rescinding a life insurance policy or pension scheme (http://www.grprainer.com/en/legal-advice/capital-markets-law.html) in July 2015, remaining faithful to its consumer-friendly jurisprudence. After a successful withdrawal from a life insurance policy, the insurer is only allowed to retain the tax on capital gains that was paid to the tax office for the client along with the solidarity surcharge. Beyond this, the insurer can only deduct a small amount for the insurance cover that was provided. Otherwise, consumers can expect to receive a complete refund of any premium payments to date. Additionally, consumers are not to be burdened with completion or administrative costs. According to the BGH, it is solely the insurer that bears this risk.

Consumers who wish to withdraw from their life insurance policies can turn to a lawyer who is versed in the fields banking law and capital markets law.

http://www.grprainer.com/en/legal-advice/capital-markets-law.html

GRP Rainer LLP is an international law firm with lawyers and tax advisers specializing in business law, commercial law and company law and tax law. The attorneys counsel international commercial and industrial companies and corporations, as well as associations, mid-sized businesses, institutional investors and private individuals worldwide from offices in Cologne, Berlin, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart, Germany and London UK.

Kontakt
GRP Rainer LLP
Michael Rainer
Hohenzollernring 21
50672 Köln
+492212722750
press@grprainer.com
http://www.grprainer.com/en

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Dismissal without notice after fiddling working hours

Dismissal without notice after fiddling working hours

Dismissal without notice after fiddling working hours

http://www.grprainer.com/en/legal-advice/employment-law.html
If an employee fiddles his working hours, this may entitle his employer to terminate the employment contract without notice. That was the ruling reached by the Landesarbeitsgericht Mainz (Regional Labour Court of Mainz) (Az.: 8 Sa 363/14).

GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London conclude: It is quite common in many firms for the employees to record their own working hours using the company”s time recording system. If in the process they include hours which they did not in fact work, the employer is then able to terminate the employment contract without notice. Employment law (http://www.grprainer.com/en/legal-advice/employment-law.html) stipulates that employers can issue exceptional notice of termination if they have good cause to do so.

The Landesarbeitsgericht Mainz (LArbG Mainz) recently had to grapple with one such case. An employee had fudged her working hours when entering them into the electronic work calendar by also recording her private appointments and designating them as such. This led to her shenanigans being discovered by her employer, which subsequently dismissed her without notice. In response to this, the employee filed an action for wrongful dismissal, arguing that the employer was not entitled to inspect private entries in the work calendar.

The action was rejected at first instance. The dismissal was said to be effective. The Court stated that because the employee had been forbidden from making private use of the work calendar, the employer was allowed to examine the private appointments as well. The plaintiff was also unsuccessful on appeal. The LArbG considered the dismissal without notice to be justified. It went on to say that the working hours had been knowingly wrongly documented and that this constituted a severe abuse of trust and thus serious grounds justifying dismissal with immediate effect.

The LArbG came to a different assessment of the employer”s inspection of the private appointments. The Court held that one could not proceed on the assumption of there being two different events calendars, particularly as work-related appointments frequently need to be coordinated with private appointments. Due to the fact that there was a reasonable suspicion that working hours had been incorrectly recorded, it ruled that the employer had been allowed to examine the private appointments as well; however, this ought to have been done in the presence of the employee. Having said that, this was said to ultimately have no bearing on the effectiveness of the dismissal.

Effectively terminating an employment contract can potentially prove to be difficult. Lawyers who are competent in the field of employment law can advise on preparing employment contracts, termination notices, severance packages as well as with respect to other issues pertaining to employment law.

http://www.grprainer.com/en/legal-advice/employment-law.html

GRP Rainer LLP is an international law firm with lawyers and tax advisers specializing in business law, commercial law and company law and tax law. The attorneys counsel international commercial and industrial companies and corporations, as well as associations, mid-sized businesses, institutional investors and private individuals worldwide from offices in Cologne, Berlin, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart, Germany and London UK.

Kontakt
GRP Rainer LLP
Michael Rainer
Hohenzollernring 21
50672 Köln
+492212722750
press@grprainer.com
http://www.grprainer.com/en

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SKIDATA world wide: a look at SKIDATA India

This Austrian leader in innovation enjoys Bollywood-scale success

SKIDATA world wide: a look at SKIDATA India
Rechts: Amit Rana; Links: Nimish Sonawala

SKIDATA’s Indian success story began in 2007 with their cooperation with local partner Hinditron. Shortly thereafter, SKIDATA, a leading company in access and revenue management, won tenders for the airports in Bangalore and Hyderabad, the first privately operated airports in India. This formed the basis for the foundation of the joint venture between SKIDATA India and Hinditron in 2009. Nimish Sonawala, Hinditron Group’s Managing Director at the time, was appointed Managing Director for Skidata (India) Pvt. Ltd. in Mumbai.

In 2014 SKIDATA won the parking solution facilities tender for the Mumbai International Airport Terminal 2, the hub of the Indian financial and business world. Today SKIDATA’s customers in India include numerous large shopping centers and stadiums such as the Rajiv Gandhi International Cricket Stadium in Hyderabad and the Buddh International Circuit Formula One racetrack near New Delhi.

It’s not only successful bids for numerous projects that have given SKIDATA momentum in India, but also its own development center. In the same year with the opening of your development site in Bangalore a new important milestone was set.

SKIDATA Technologies Bangalore

Known as the Silicon Valley of the East, Bangalore is a dynamic market. Here you will find the largest software talent pool in India. Consequently, start-ups and blue chip companies from all over the world have established themselves in Bangalore. This also includes SKIDATA Technologies Bangalore, which started operations in 2014. With great enthusiasm, General Manager Amit Rana reports on his software development teams: “My teams are passionate about their work and take great pride in developing products. It is not always easy to assert yourself in the job market against all the big names, but what we lack in size we make up in passion and commitment.” At SKIDATA Technologies Bangalore work very good developers that are designing the next generation cloud-based solutions using cutting edge technologies in the mobile and web space. It makes the team especially happy to see their SKIDATA solutions in use at different locations in India.
Developers who enjoy working in small focused teams on new technologies, while giving complete respect to work-life balance send their profile to SKIDATA by visiting http://www.skidata.com/en/career/open-positions/details-on-open-positions/detail/senior-software-engineer-fm.html

Close teamwork and regular exchange form the basis

International success is only possible when people of various nationalities cooperate and are open to cultural differences within the team. Intercultural cooperation works at SKIDATA: for example, software developers from Austria, France, India and the US collaborate together on new technologies in our R&D department. Although cooperating with others who are thousands of miles away is no problem these days, it is always special to get to know your colleagues in person. For this reason, when SKIDATA employees from India visited the company’s headquarters in Grödig near Salzburg in Austria during the early years, it was an exciting experience for everyone involved.

Work internationally and achieve success together – job vacancies and career opportunities at SKIDATA

If you have no fear of cultural diversity, a job at SKIDATA is perfect for you! Implement new ideas in our international development teams, experience the open corporate culture and work with reliable team players from all over the world. Our company offers employees all of this and much more.
Learn more about what it’s like to work at SKIDATA at http://www.skidata.com/en/career/working-at-skidata.html

SKIDATA is an international leader in the field of access solutions and their management. Almost 10,000 SKIDATA installations worldwide in ski resorts, shopping centers, major airports, municipalities, sports stadiums, trade shows, and amusement parks provide secure and reliable access and entry control for people and vehicles. SKIDATA places great value in providing solutions that are intuitive, easy to use, and secure. The integrated concepts of SKIDATA solutions help clients optimize performance and maximize profits. SKIDATA Group (www.skidata.com) belongs to the publicly traded Swiss Kudelski Group (www.nagra.com), a leading provider of digital security solutions.

Kontakt
SKIDATA AG
Mag. Belkis Etz
Untersbergstraße 40
5083 Grödig/Salzburg
+43 6246 888-0
jobs@skidata.com
http://www.skidata.com/karriere/

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Prohibited advertising directed at children

Prohibited advertising directed at children

Prohibited advertising directed at children

http://www.grprainer.com/en/legal-advice/intellectual-property-law-and-trademark-law/advertising.html
Children are an interesting target audience in the field of advertising. That being said, it is important for businesses to be careful not to infringe Germany”s Gesetz gegen den unlauteren Wettbewerb (Unfair Competition Act).

GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London conclude: Computer games, gaming consoles and the like can be found in almost every household. Children represent an important target audience, but that does not mean that advertising (http://www.grprainer.com/en/legal-advice/intellectual-property-law-and-trademark-law/advertising.html)for computer games is automatically geared towards children. That was the conclusion of the Landgericht Berlin (Regional Court of Berlin) in one of its rulings (Az.: 16 O 648/13).

The provider of an online fantasy game had promoted additional features available at a cost for its computer game with a 12 and above age rating. In order to play, it was necessary to create an account and specify one”s date of birth. If, according to this information, the player was younger than 16, then the parents had to set up the account for the child. The advertising for additional game elements featuring the sentence “Kauft ein im Haustiershop” (Buy one in the pet shop) addressed potential customers using the familiar form of address in German. One consumer organisation believed this to be prohibited advertising directed at children and thus a violation of competition law. It sought an injunction, arguing that the familiar form of address, presentation as a fantasy game and the opportunity to create an account for minors indicated this.

The LG Berlin dismissed the legal action, stating that the advertising was not a direct invitation to purchase aimed at children. It went on to say that an invitation presupposes that a group of persons be specifically addressed. Whether this is an invitation depends on the children”s point of view. Characteristics features were said to include the use of childlike vernacular, images of children as well as the product in question itself, e.g. a toy. The Court held that the use of “Du” as a form of address did not on its own indicate an invitation aimed at children, with this now being common amongst adults as well.

The Court left open the issue of defining children by age. The Court in this case proceeded on the assumption that those under 14 are minors. However, one could also categorize anyone under the age of 18 as such.

Advertising statements directed at children are something of a tightrope walk. It is easy to commit an infringement of competition law. A lawyer who is qualified in the field of competition law ought to be consulted for the purposes of fending off and enforcing claims.

http://www.grprainer.com/en/legal-advice/intellectual-property-law-and-trademark-law/advertising.html

GRP Rainer LLP is an international law firm with lawyers and tax advisers specializing in business law, commercial law and company law and tax law. The attorneys counsel international commercial and industrial companies and corporations, as well as associations, mid-sized businesses, institutional investors and private individuals worldwide from offices in Cologne, Berlin, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart, Germany and London UK.

Kontakt
GRP Rainer LLP
Michael Rainer
Hohenzollernring 21
50672 Köln
+492212722750
press@grprainer.com
http://www.grprainer.com/en

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FEEL.BRITAIN – BRAUN HAMBURG LAUNCHES SECOND TRAVEL & STYLE GUIDE

BRAUN Hamburg has just published the second edition of their specially produced Travel & Style Guides, which can be downloaded for free from their website. This time it is all about Britain with its finest cities and hotels, most notable designers an

FEEL.BRITAIN - BRAUN HAMBURG LAUNCHES SECOND TRAVEL & STYLE GUIDE

Hamburg, 26 April 2016. After the first FEEL.ITALY edition, BRAUN Hamburg has now published their second Travel & Style Guide, which can be downloaded for free from their own website. This time it is all about Britain with its finest cities and hotels, the most notable designers and that typically British look.

The new FEEL.BRITAIN Travel & Style Guide takes readers for a ride to get to know the most exciting, most beautiful and most interesting places the Kingdom has to offer, and at the same time introduces hotspots of culture and nature alike. Portraits of designers such as Orlebar Brown and Neil Barrett will inform your knowledge about British Heritage Fashion. Go on a journey from the world city of London to the wonderful southern coastline, across the prospering North into the vastness of Scotland and the rough shores of Northern Ireland. FEEL.BRITAIN showcases sophistication and diversity the British way – all in the handy online format.

Download here >> http://www.braun-hamburg.com/travel-style-guide?___store=en&___from_store=de

About BRAUN Hamburg

BRAUN Hamburg offers a highly exclusive selection of international luxury brands, such as Bottega Veneta, Brioni, Brunello Cucinelli, Caruso and Dries van Noten as well as Ermenegildo Zegna, Etro, Maison Martin Margiela, Moncler, Santoni, Tom Ford and many more.

Our heritage fashion house with two shops in Hamburg has always stayed true to our belief that comprehensive service lies at the core of our business. To achieve this, our trained staff”s professional and people skills are crucial.

Not only do we offer individual and personal advice, we also provide our own alterations studio as well as laundry and shoe repair services, all of which provide an associated delivery service, and thus take great care of our discerning customers.

BRAUN Hamburg stands for a very diverse range of offerings that is almost unrivalled in Germany. The store at www.braun-hamburg.de provides customers with an individual and exceptional online shopping experience. With a size of more than 1,100 sq.m. on two floors, the upmarket Kaisergalerie in Hamburg is now the home of the new BRAUN shop, where open-plan spaces, a very contemporary interior design and more than 100 international designer brands excite customers.

Kontakt
BRAUN Hamburg
Jamina Behrens
Mönckebergstr. 17
20095 Hamburg
040/33447126
presse@braun-hamburg.de
http://www.braun-hamburg.de

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BAG: Holliday entitlement lapses with death of employee

BAG: Holliday entitlement lapses with death of employee

BAG: Holliday entitlement lapses with death of employee

http://www.grprainer.com/en/legal-advice/employment-law.html
A ruling of the Arbeitsgericht Berlin (Labour Court of Berlin) is causing a sensation. According to this, heirs can have the holiday entitlement of a deceased employee paid out to them. The Bundesarbeitsgericht (BAG) [Federal Labour Court] came to a different conclusion.

GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London conclude: It is enshrined in employment law (http://www.grprainer.com/en/legal-advice/employment-law.html) that employees are entitled to a certain number of holidays per year. The question is whether this holiday entitlement is passed on to the heirs following the death of the employee? Surprisingly, the answer is yes according to the Arbeitsgericht Berlin. The Court ruled that they could have the deceased”s remaining holidays paid out to them by the employer, with the entitlement to holiday leave turning into a claim for payment in lieu thereof.

The Arbeitsgericht Berlin”s ruling has not only come as a surprise, but also deviates from the case law of the Bundesarbeitsgericht. In its judgment of September 20, 2011, the BAG had already held that the entitlement to holiday leave lapses when the employment relationship comes to an end upon the death of the employee (Az.: 9 AZR 416/10). A right to payment in lieu of holidays requires that the employee still be alive when the employment relationship is terminated. The Court stated that an employee can only be granted leave as an exemption from his obligation to work. It went on to say that this obligation to work is generally tied to the employee in question as an individual and does not transfer to the heirs in the event of death.

Due to the fact that the employment relationship comes to an end with the death of the employee, holiday entitlement is no longer relevant. Thus, the Court also stated that there could not be a right to payment in lieu of holidays and, to this extent, holiday entitlement does not become part of the estate.

Whether the ruling of the Arbeitsgericht Berlin will endure much longer remains to be seen, as it not only contradicts the BAG”s case law, but it is also still possible for an appeal to be lodged against this judgment. It would then be for the Landesarbeitsgericht Berlin-Brandenburg (Higher Regional Court of Berlin-Brandenburg) to deliver a verdict on the matter.

This somewhat odd case does not represent the only issue that can arise within employment law. There is always the potential for legal disputes between employers and employees. These frequently arise in the context of dismissals. Lawyers who are competent in the field of employment law can take pre-emptive action to prevent a lot of disputes from occurring by ensuring that agreements are optimally drafted, and can also assist in enforcing or fending off claims.

http://www.grprainer.com/en/legal-advice/employment-law.html

GRP Rainer LLP is an international law firm with lawyers and tax advisers specializing in business law, commercial law and company law and tax law. The attorneys counsel international commercial and industrial companies and corporations, as well as associations, mid-sized businesses, institutional investors and private individuals worldwide from offices in Cologne, Berlin, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart, Germany and London UK.

Kontakt
GRP Rainer LLP
Michael Rainer
Hohenzollernring 21
50672 Köln
+492212722750
press@grprainer.com
http://www.grprainer.com/en

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All for Ohne Steeb AG – United VARs Announces Its Participation at SAPPHIRE NOW

To Showcase SAP® S/4HANA Solution and Services for New and Existing Customers

All for Ohne Steeb AG - United VARs Announces Its Participation at SAPPHIRE NOW
(Source: SAP)

Filderstadt – 25 April 2016, United VARs, an SAP platinum partner, today announced that it will participate at SAPPHIRE® NOW and ASUG Annual Conference being held May 17-19 in Orlando, Florida in Booth 1046 to showcase its solution and services portfolio for SAP® Business Suite 4 SAP HANA® (SAP S/4HANA) to new and existing customers. United VARs was established in 2006 by All for One Steeb AG and Seidor S.A, Barcelona with six SAP resellers in 10 countries. The group now embraces more than 35 partners from over 75 countries and serves as a powerful one-stop provider for the SAP solutions of its global clients. Today, as a global platinum reseller, United VARs is one of only ten SAP platinum partners worldwide.

This SAP partner network addresses the requirements of multinational implementation projects by offering one integrated project team with global project management responsibility. The concept is designed around the best-of-breed strategy from the local market leader with a profound knowledge of the country, market and culture. This approach results in a delivered solution that optimizes business processes, reduces costs and complements business strategies.

As a global platinum reseller with SAP, we want to be faster in implementing innovations, closely guiding the development of more powerful and service-oriented real-time business models. In addition, we want to rapidly expand our own portfolio of solutions for SAP HANA Cloud Platform with support for SAP S/4HANA, cloud solutions from SAP, as well as solutions from SAP SuccessFactors, SAP Ariba and SAP Hybris, explained Detlef Mehlmann, United VARs Director and Head of Business Development International at All for One Steeb AG.

In light of how global IT providers concentrate their support activities in off-shore centers, close customer relations and ties to the local business culture are often neglected. This is, however, not the case with United VARs. These partners, such as All for One Steeb, Answerthink, Illumiti and Seidor, provide superb SAP solutions and on-site services in the native language, with a solid understanding of the local business rules, regulations and laws, and spanning every time zone is unrivalled.

Illumiti is very pleased to be exhibiting at SAPPHIRE NOW together with our colleagues from Answerthink and Seidor, which are also United VARs partners. We are proud to have one of our customers present how we jointly created a particularly effective user experience. SAPPHIRE NOW provides a wonderful venue to meet with others, who are likewise interested in SAP”s latest innovations and future direction, said Dror Orbach, Illumiti”s COO.
We are now providing our clients with local support to enter new markets almost everywhere in the world. In whatever economic centers globalization takes our clients, United VARs not only puts them one step ahead, but gives them the advantage of having the most powerful and dedicated SAP partner already on the ground at work, highlighted Mehlmann.

SAPPHIRE NOW focuses on how companies can enable their digital business strategy and get more from their technology investments. SAPPHIRE NOW and ASUG Annual Conference are the world”s premier business technology event and largest SAP customer-run conference, offering attendees the opportunity to learn and network with customers, SAP executives, partners and experts across the entire SAP ecosystem.

# # #
SAP, SAPPHIRE, SAP HANA, Hybris, SuccessFactors, Ariba and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.

About United VARs
United VARs is in its own estimate the largest global alliance of SAP channel partners. The network comprises 38 resellers of SAP solutions covering more than 77 countries. United VARs members are strong local players firmly anchored within the business networks of their respective countries and are working successfully for more than 5,500 customers. The alliance provides a high level of cultural fit with SAP solutions, services and local support delivered in the local language, together with a deep understanding of the local business rules, regulations and laws. Members of United VARs are deeply committed to providing innovative solutions for clients and helping them maximize the value of their investments in SAP software. United VARs members have earned multiple SAP Pinnacle Awards, recognising their strengths in innovation, service and sales. United VARs LLP is part of an elite group of 10 SAP global VAR partners.

www.united-vars.com

About All for One Steeb

All for One Steeb AG is number 1 in the German-speaking SAP market with the largest installed midmarket customer base. The full-service provider”s portfolio comprises end-to-end solutions along the whole of the IT value chain. This is why market observers also rank All for One Steeb amongst the leading IT service providers in the extended market for Outsourcing and Cloud Services, HANA, Business Analytics and Performance Management, Human Capital Management, Application Management Services or Communications and Collaboration.
As a one-stop-shop and general contractor, All for One Steeb employs more than 1,200 employees and serves over 2,000 clients among machinery and equipment manufacturers, automotive suppliers, consumer goods industry, technical wholesalers and project and engineering services providers. Out of the enterprise cloud of its datacenters, All for One Steeb orchestrates high-available IT operations as full service for all business-related IT systems, including SAP Solutions, Microsoft Exchange, Sharepoint or Skype for Business. As a founding member of United VARs, the global network of leading SAP partners, All for One Steeb guarantees a comprehensive consulting and service portfolio as well as the best local support in more than 70 countries. All for One Steeb ranks among Germany”s best employers (Great Place to Work) and the best IT consultants for the German midmarket (TOP CONSULTANT).

In the financial year 2014/15, All for One Steeb AG achieved a turnover of EUR 241 million. The company is listed in the Prime Standard segment of the Frankfurt Stock Exchange (ISIN DE0005110001, WKN 511 000).

www.all-for-one.com/english

For the Editorial Department
An extensive picture gallery can be found under www.all-for-one.com/press-photos

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Kontakt
All for One Steeb AG
Dirk Sonntag
Gottlieb Manz Str. 1
70794 Filderstadt
+4971178807260
dirk.sonntag@all-for-one.com
http://www.all-for-one.com

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GRP Rainer: Economic and legal evaluation of M&A transactions

GRP Rainer: Economic and legal evaluation of M&A transactions

GRP Rainer: Economic and legal evaluation of M&A transactions

http://www.grprainer.com/en/legal-advice/ma.html
In cases involving M&A transactions, a detailed evaluation of the economic risks and opportunities as well as the associated legal issues is indispensable.

GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London conclude: Last year, there was a significant increase in the volume of M&A (http://www.grprainer.com/en/legal-advice/ma.html) transactions. Analysts expect the market to remain buoyant this year as well. Even if the world economy suffers an economic downturn, the ongoing low rate of interest continues to provide an attractive framework for takeovers and mergers in a wide variety of sectors. The technology sector is likely to be of particular interest to investors.

In the case of corporate acquisitions or takeovers, the economic risks and opportunities associated with the transaction need to be precisely evaluated. Additionally, an assessment of the legal situation also has to form part of the evaluation, especially with a view to possible antitrust violations.

The basis for fixing the purchase price ought to be an extensive due diligence review, in the course of which a precise assessment of the strengths and weaknesses of the takeover target is conducted. Factors such as the current as well as the prospective economic situation, the order situation, technical developments, but also existing liabilities, existing agreements, the tax implications of the takeover or judicial proceedings need to form a detailed part of the analysis so that a fair purchase price is eventually set. It is equally crucial to assess whether an asset deal or a share deal is the more appropriate option.

It is particularly important to consider the national legislation of various countries in cases involving international transactions. Particular attention must also be paid to the matter of whether the planned M&A transactions could give rise to infringements of antitrust law.

The high degree of economic and legal complexity associated with M&A transactions renders it necessary to obtain interdisciplinary legal advice. Ideally, this should come from a single source of law firms with lawyers who are competent in a wide variety of legal fields, can offer client-oriented solutions and have connections to international networks featuring renowned law firms. This ensures that the clientele receives comprehensive support, which is the basis of success when it comes to M&A transactions.

http://www.grprainer.com/en/legal-advice/ma.html

GRP Rainer LLP is an international law firm with lawyers and tax advisers specializing in business law, commercial law and company law and tax law. The attorneys counsel international commercial and industrial companies and corporations, as well as associations, mid-sized businesses, institutional investors and private individuals worldwide from offices in Cologne, Berlin, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart, Germany and London UK.

Kontakt
GRP Rainer LLP
Michael Rainer
Hohenzollernring 21
50672 Köln
+492212722750
press@grprainer.com
http://www.grprainer.com/en

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IFAT debut: “SpeedCut Granulator” for high throughput

Treatment of refuse-derived fuels

IFAT debut: "SpeedCut Granulator" for high throughput
The new SpeedCut Granulator of type NGV for the treatment of refuse-derived fuels and waste material

BHS-Sonthofen will present the new “SpeedCut Granulators” of type NGV for shredding refuse-derived fuels and other high-caloric material at IFAT 2016. These machines process feed material so that it can be burnt efficiently in power stations and cement plants. With high throughput rates of more than 20 t/h, they are among the most powerful granulators available on the market.

The takeover of AMNI in 2013 expanded the BHS product portfolio to include cutting machines. BHS has made use of the designers” many years of experience with machines for the treatment of refuse-derived fuels in the development of the new “SpeedCut Granulators” of type NGV.

The granulator cuts the feed material to a size of less than 30 mm, making it ideally suited to efficient burning. The machines process waste mixtures with high calorific values, for example, residential refuse or commercial waste similar to domestic refuse (RDF – refuse-derived fuel). When fed materials with bulk densities of 0.08 to 0.15 t/m³, which are typical for refuse-derived fuels, the “SpeedCut Granulator” processes up to 20 t/h.

Sturdy technology

When designing the new granulator, the engineers not only paid close attention to good cutting results and high throughput, but also ensured to build a machine that is incredibly durable throughout. They only use solid materials, and the individual elements surrounding the rotor consist of steel-welded structures. The new machine is one of the few granulators in the market place to have a solid rotor shaft.

The feed material is loaded into the inlet hopper with wheel loaders or via conveyor belts. It is designed so that no bridges form, even with large feed volumes. As the material is fed from above, the feed material moves to the rotor through the force of gravity.

A hydraulically operated slide additionally presses the material into the gap between the rotor shaft equipped with blades and the stationary stator blades, where it is cut. The rotor has an exceptionally large diameter for a granulator. It is extremely sturdy and has a high inertia mass. Its surface also provides space for a large number of blades – an essential requirement for a high number of individual cuts per revolution and hence high throughput.

The stator blades consist of several segments. They can be individually calibrated and replaced, allowing the gap width to be optimally maintained over the length of the rotor. This ensures that the machine attains consistently good cutting results. Thanks to the large diameter of the rotor, the SpeedCut Granulator (NGV) achieves a very high cutting performance of up to 170 m per second.

The granulated material falls into a screen basket. Large parts are conveyed back from the rotor to the cutting gap. Once they are size reduced enough so that they fit through the holes in the screen, they exit from the bottom of the machine. The basket can be swivelled hydraulically out of the machine.

Alfred Weber, Sales Director Recycling Technology at BHS-Sonthofen, regards the SpeedCut Granulator as an important addition to the portfolio of cutting machines: “As regards the type of material processed with this machine, a high number of cuts per second is important so that the desired granulation of the discharge material is achieved. That is why the machine was named SpeedCut Granulator.”

As the new granulator is designed for particularly demanding environments, BHS supplies it with two drives. It is available in two different type sizes:
-Type NGV 1020 with a connected load of up to 2 x 200 kW for a throughput of up to 15 t/h and more
-Type NGV 1028 with up to 2 x 250 kW for an output up to 20 t/h and more

This data refers to a screen with a 30-mm hole diameter. The performance increases significantly at larger diameters.

Highly reliable operation

The engineers at BHS have completely redesigned the machine. The primary focus was on smooth operation. Slip clutches at both drives and a system control with intelligent analysis of system parameters ensure a high level of process reliability.

Numerous details make the operation and maintenance easy. For instance, all blades can be replaced in just a few steps. The screen basket consists of several segments that can be replaced individually. The hydraulically opening maintenance door ensures good accessibility to the inside of the machine. A platform provides the maintenance crew with a safer working environment.

Dennis Kemmann, Managing Director of BHS-Sonthofen GmbH, sees huge benefits for his customers: “The SpeedCut Granulator makes for a highly safe investment: The person who developed the machine, Mr. Udo Becker, has more than 20 year”s experience in the construction of granulators. He knows what to pay attention to so that the machines work economically over a long period of time, both with regard to operating and investment costs. High-quality materials, solid components and tough steel-welded structures make the machine extremely robust. Assembly at our plant in Sonthofen delivers yet another benefit: quality made in Germany.”

With low wear and less need for maintenance along with qualified service and rapid delivery of replacement parts, BHS ensures high availability and minimum machine downtimes.

Recycling machines from BHS-Sonthofen:

Two new shredders round off the cutting machine product portfolio:
-BHS-Sonthofen will use the occasion of the IFAT to unveil the new Universal Shredder of type NGU for pre- and post-shredding of small to medium volumes.
-BHS-Sonthofen also continues to manufacture the proven HeavyCut Granulator of type NGH with swiveling stator for heavy feed material such as tires, electrical and electronics scrap or aluminum composites.

BHS-Sonthofen at IFAT 2016
(Munich, May 30 to June 3, 2016):
Hall B2, Stand 351/450

About BHS-Sonthofen

BHS-Sonthofen GmbH is an owner-operated group of companies in the field of mechanical and plant engineering, based in Sonthofen (Germany). The company offers technical solutions for mechanical process engineering, concentrating primarily on mixing, crushing, recycling and filtration. With more than 350 employees and several subsidiaries, BHS-Sonthofen has a global presence.

The Recycling Technology division offers a broad range of machines and plants for the recycling industry. The product portfolio comprises of recycling machines for the treatment as well as the pre- and post-shredding for a diverse range of recyclable and waste materials using crushing and cutting technology. This includes scrap, shredder residual fractions, slag, incineration bottom ash as well as tires, cables, refuse-derived fuels or domestic, commercial and industrial waste. BHS also plans, engineers and implements complete, turn-key recycling plants for its customers.

For further information, please visit: www.bhs-sonthofen.de

Firmenkontakt
BHS-Sonthofen GmbH
Roland Schmid
An der Eisenschmelze 47
D-87527 Sonthofen, Germany
+49 8321 6099-231
press@bhs-sonthofen.de
http://www.bhs-sonthofen.de

Pressekontakt
VIP Kommunikation
Regina Reinhardt
Dennewartstr. 25-27
52068 Aachen, Germany
+49.241.89468-24
reinhardt@vip-kommunikation.de
www.vip-kommunikation.de

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znt-Richter expands office in Penang

Relocation to larger premises – Inauguration of new premises parallel to Semicon Penang 2016

znt-Richter expands office in Penang
Management znt Asia

znt-Richter, a worldwide well established technology company and specialist of IT-systems (http://www.znt-richter.com/en/) for production optimization in industries like semiconductor, solar, medical device or electronics has expended into a new office in Penang, Malaysia. The new office is almost triple the size of the former facility and is centrally located in Bayan Baru, just 1 km away from the Spice Arena, where all major exhibitions in Penang take place.

The office expansion at Penang in Malaysia is part of the key business strategy of the znt-Richter Group, which is actively engaged in Asia since 2001: “With the significant growth of consultant resources in our offices, we plan to strengthen our local presence and win over new customers and share of market,” said Bernhard Marsoner, CEO of znt Zentren für Neue Technologien GmbH.

With their in-house product, the Process Automation Controller (http://www.znt-richter.com/pac0/) (PAC), znt-Richter has already successfully established itself on the Asian market. PAC is a powerful open platform for vertical and horizontal integration of machinery and equipment into the enterprise IT architecture. On the one hand it relieves the systems in the Office Floor (as for example ERP-, MES-systems) of automation expiries typical for machines. On the other hand it transforms the protocols and semantics of all connected interfaces and provides for an intelligent aggregation, assortment and distribution of the extensive data from the Shop Floor.

This technology is well received in Asia. The leading technology companies are consequently looking for the latest technologies and new standards, which will allow them to well position themselves for future generations of manufacturing business needs. Their aim is to ensure a continuous robust automation solution worldwide. To provide this znt-Richter has become an important dialog partner for the local businesses.

The opening ceremony of the new office is deliberately scheduled to be held in parallel to the Semicon 2016 in Penang (http://www.znt-richter.com/newsevents0/): “We want to reach many of our customers and partners to thank them for the many years of good cooperation and to celebrate with them the move to the beautiful, new offices” says Goh Chee Eng, Director of znt Centers for New Technologies Sdn Bhd.

As a technology company and system integrator with more than 25 years” experience, znt-Richter stands for innovative and integral IT solutions for the international market. Founded in 1991 by Prof. Dr. Richter, the business group ranks among the pioneers of technologically advanced IT systems for the optimization of business processes. This privately owned company represents a single source provider, offering a full range of services including comprehensive consultation, solution design, software development, software implementation and support.

International projects represent the normal everyday business of the customer-oriented teams. Mature partner products and systems are developed alongside znt-Richter”s own product portfolio so that the high demands of diverse branches can be met quickly, flexibly and efficiently. Thus technologies, services and resources can continually be aligned with the specific requirements of individual customer projects.

This internationally active business group has specialized know-how in the semiconductor, solar, medical device, electronics, automotive, process industry, tourism and administration sectors. Customers are supported worldwide from locations in Munich, Burghausen, Dresden, Villach, Singapore and Malaysia.

Firmenkontakt
znt-Richter Zentren fuer Neue Technologien GmbH
Birgit Knogler
Lena-Christ-Str. 2
82031 Grünwald
+49 89 64 18 08-0
+49 89 64 18 08-12
presse@znt.de
http://www.znt-richter.com

Pressekontakt
znt-Richter Zentren fuer Neue Technologien GmbH – Institut Burghausen
Birgit Knogler
Mautnerstr. 268
84489 Burghausen
+49 86 77 98 80-426
presse@znt.de
http://www.znt-richter.com

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