Compliance and Corporate Governance GERMANY

The demands on companies to ensure compliance with laws, regulations and rules of conduct are constantly increasing. This holds true for almost all legal areas, e.g. employment law, data protection law, securities law, criminal law (particularly fraud and corruption offences) as well as environmental law. The requirements can vary greatly, depending on the markets in which the company operates. For globally operating companies in particular, ensuring compliance implies enormous challenges, especially if they are listed on foreign stock exchanges and are, for instance, subject to the US Sarbanes-Oxley Act. These companies are required to comply simultaneously with a myriad of frequently contradictory rules throughout the world.

Increasingly, the company's managers are held personally liable for violations, and infringements committed by third parties are attributed to the company. For instance, US anti-bribery criminal laws such as the US Foreign Corrupt Practices Act frequently make a company liable for the acts undertaken by legally separate entities, such as distributors or joint venture partners.

At WilmerHale, lawyers from all practice groups specialize in finding customized, effective and discrete solutions for our clients in this complex area: Our services include the conduct of internal investigations to detect violations and compliance reviews to improve the organizational structure, as well as specific compliance advice in connection with M&A projects, joint ventures and distribution agreements. In this context, we pay particular attention to international anticorruption rules as well as antitrust and competition laws. Furthermore, we offer employee training sessions in the relevant legal fields in order to prevent infringements.

If a case involves aspects of US law, our German attorneys in Berlin, Brussels and London work closely with their colleagues in the United States and the People's Republic of China, who are recognized as leading experts in their fields. A large number of the firm's lawyers have held senior positions at the Securities and Exchange Commission (SEC) and advised on high-profile cases such as Enron and Worldcom.

Read about our cross-border investigations and compliance experience.

The demands on companies to ensure compliance with laws, regulations and rules of conduct are constantly increasing. This holds true for almost all legal areas, e.g. employment law, data protection law, securities law, criminal law (particularly fraud and corruption offences) as well as environmental law. The requirements can vary greatly, depending on the markets in which the company operates. For globally operating companies in particular, ensuring compliance implies enormous challenges, especially if they are listed on foreign stock exchanges and are, for instance, subject to the US Sarbanes-Oxley Act. These companies are required to comply simultaneously with a myriad of frequently contradictory rules throughout the world.

Increasingly, the company's managers are held personally liable for violations, and infringements committed by third parties are attributed to the company. For instance, US anti-bribery criminal laws such as the US Foreign Corrupt Practices Act frequently make a company liable for the acts undertaken by legally separate entities, such as distributors or joint venture partners.

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Contacts

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Crones, Christian

Dr. Christian Crones

Partner-in-Charge, Frankfurt Office

+49 69 27 10 78 207 (t)

christian.crones@wilmerhale.com

Braun, Martin

Dr. Martin Braun

Partner

+49 69 27 10 78 207 (t)

martin.braun@wilmerhale.com

Crones, Christian

Dr. Christian Crones

Partner

+49 69 27 10 78 207 (t)

christian.crones@wilmerhale.com

Seyfarth, Martin

Martin Seyfarth

Partner

+49 30 20 22 64 30 (t)

martin.seyfarth@wilmerhale.com

Wissmann, Matthias

Matthias Wissmann

Senior International Counsel

+49 30 20 22 64 26 (t)

matthias.wissmann@wilmerhale.com

Schleyer, Hanns-Eberhard

Hanns-Eberhard Schleyer

Senior Counsel

+49 30 20 22 63 56 (t)

hanns-eberhard.schleyer@wilmerhale.com

Gey LL.M., Peter

Dr. Peter Gey, LL.M.

Special Counsel

+49 69 27 10 78 204 (t)

peter.gey@wilmerhale.com

Wendler LL.M., Jan-S.

Dr. Jan-S. Wendler, LL.M.

Special Counsel

+49 69 27 10 78 207 (t)

jan.wendler@wilmerhale.com