The German Desk team advised a French SME wishing to close one of its subsidiaries in Germany in the frame of an internal restructuring scheme.
The team’s lawyers, who are trilingual, first had to deal with formalities with the Companies House in Germany regarding the problem of replacing the partner of the German subsidiary by that of a liquidated Dutch company. It then had to handle the distribution of dividends following divestment of the shares to the benefit of the French parent company, prior to liquidation of the German subsidiary.
The team’s lawyers along with the French company also managed German labor and employment law issues by negotiating a mutual breach of employment contract plus a severance package with the employees of the former German subsidiary.