Payment Ordinance News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To embed, copy and paste the code into your website or blog: The 17th amendment to the German Foreign Trade and Payment Ordinance ("AWV") adopted by the federal government on April 27, 2021, included—compared to the original draft—a number of changes relevant to M&A transactions with a nexus to Germany. th amendment as adopted is generally in line with this draft, there are a number of changes in German foreign direct investment ("FDI") control that companies envisaging transactions regarding German targets should be aware of: The new rules expressly provide that the acquisition of additi...

To print this article, all you need is to be registered or login on Mondaq.com. The German federal government published a draft 17th amendment to the Foreign Trade and Payment Ordinance ("AWV"), which is expected to become effective in March 2021. The AWV already has in place a notification requirement under its cross-sectoral review procedure (applying to all companies not active in defense or encryption-technology products). These requirements-extended in light of the COVID-19 pandemic-will remain. The new AWV will require a notification if a non-EU acquirer plans to...