Burkhard Fassbach, MRH Trowe, and Carsten Wettich, Berner Fleck Wettich, describe the personal liability risk of municipial supervisory board members and explain that a separate D&O insurance is required.
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Burkhard Fassbach, MRH Trowe, and Carsten Wettich, Berner Fleck Wettich, describe the personal liability risk of municipial supervisory board members and explain that a separate D&O insurance is required.
Please see here for the full article.
The corporate law boutique Berner Fleck Wettich has been distinguished by the international law directory IFLR1000 – “The Guide to the World’s Leading Financial Law Firms” for its Corporate and M&A practice and has been ranked in its annual ranking for M&A – Germany 2017.
In the review, IFLR 1000 states:
“It has been only two years since Berner Fleck Wettich was founded by Olaf Berner, Carsten Wettich and Thilo Fleck. The firm has a clear focus on corporate work.
A managing partner from an internet company that did M&A work with the firm says: “They did an excellent job in consulting us, drafting the documents and coordinating the overall process. Their strengths, besides their expertise, are their strong social skills that make the team an excellent choice for negotiation situations.” Another client added: “Brilliant performance, excellent legal and business advisors.”
A chief finance officer from the automotive industry says: “The collaboration was always very good. They provided feedback immediately, covered all topics and came up with practical advice instead of a theoretical analysis. I highly recommend them.”
Carsten Wettich was mentioned for “always providing the client with practical advice”.
Thilio Fleck is praised by clients: “Always accessible, great attention to detail. Thilio thinks beyond the obvious, pulls from his experience of other deals and is always available on short-term notice if important things pop up.” Another says: “Brilliant advisor, excellent in all regards.”
A highlight case saw the team advising the HELIOS Hospital Group in relation to its acquisition of the shareholdings of minority shareholders.”
In the international renowned magazine Financier Worldwide, Burkhard Fassbach, MRH Trowe, and Carsten Wettich, Berner Fleck Wettich, explain that supervisory board members are facing increased liability risks which have been exacerbated in recent years in Germany. In their expert briefing, they give an overview of the tasks of the Supervisory Board in Germany and the personal liability of its members.
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Advisor LEG
Berner Fleck Wettich (Duesseldorf): Dr. Olaf Berner, Dr. Thilo Fleck (beide Corporate/M&A; beide Federführung)
Sullivan & Cromwell (Frankfurt): Dr. Max Birke (Finanzierung)
Inhouse Recht (Duesseldorf): Dr. Volker Wiegel (General Counsel), Dr. Thomas Netz (M&A), Steffen Lingen
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LEG Immobilien AG sold about 2,000 apartmens in Marl to a fonds managed by Proprium Capital Partners and to the German Forte Group. The law firm Berner Fleck Wettich comprehensively advised LEG on this transaction.
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Olaf Berner talks about the personal liability of Management Board and Supervisory Board members and D&O-insurance.
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The health care company Median and its majority shareholder, the Private-Equity comnpany Waterland, acquire the rehab provider AHG. Hengeler Mueller, Glade Michel Wirtz and Berner Fleck Wettich advise on this transaction. […]
Carsten Wettich, founding partner of Berner Fleck Wettich advises the CFO of AHG Allgemeine Hospitalgesellschaft on its duty of care with regard to the sales process. The CFO acted as lead manager in the sales process.
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