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RT/Raiffeisen Touristik Group has sold its business travel subsidiaries BTO24 Business Travel Organizer GmbH, Air Travel Reiseservice (ATR) GmbH and Reisebüro Koch Übersee GmbH as well as the business travel activities of Globetrotter Reisebüro to a holding entity in which Berlin-based Aerticket group holds a substantial stake. The transaction enables RT/Raiffeisen Touristik Group to focus on its core competence, the distribution of leisure travel. The annual revenues of the sold activities amount to roughly Euro 100 million.

RT/Raiffeisen Touristik Group GmbH is a tourism holding of VR meine Raiffeisenbank eG and the Egyptian Investor Samih Sawiris. RT/Raiffeisen Touristik Group and its subsidiaries employ approximately 3,000 employees and generate a touristic revenue of about Euro 5.0 billion.

EGO HUMRICH WYEN advised the sellers on the sales process.

AURELIUS Equity Opportunities SE & Co. KGaA has sold its subsidiary Studienkreis, one of Germany’s leading private education providers, to IK Small Cap I Fund, a fund which is advised by the pan-European private equity firm IK Investment Partners. The purchase price is EUR 71.7 million. The transaction is subject to the approval of anti-trust authorities. Closing is expected in December 2017.

Studienkreis was acquired by AURELIUS from Franz Cornelsen Bildungsgruppe in 2013 and since then expanded to roughly 1,000 locations in the German-speaking countries, tutoring approximately 60,000 students.

EGO HUMRICH WYEN advised on the exit process together with an in-house team of AURELIUS.

Every year, Best Lawyers researches a list of renowned lawyers in Germany exclusively for Handelsblatt, Germany’s leading business and finance daily. Best Lawyers lists are compiled based on an exhaustive peer review evaluation. The Ninth Edition of The Best Lawyers in Germany is available here.

Dr. Henrik Humrich is recognized for Arbitration and Mediation.

Upon a reference for a preliminary ruling brought by the Supreme Court of Poland, the European Court of Justice will have the opportunity to add another landmark decision to the series of spectacular rulings regarding the European freedom of establishment. The case concerns nothing less than the fundamental issue whether a certain member state is obligated to permit and facilitate that companies incorporated under its law transform into the legal form of a company established under the law of another member state even if such transformation is not accompanied by the establishment of an actual presence in the member state of destination. Advocate General Juliane Kokott gives a negative answer. The concluding opinion dated 04 May 2017 is critically discussed by Alexander Ego.

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Alexander Ego authored the chapter regarding the law on corporate groups applicable to European stock corporations (Societas Europaea – SE) as well as the chapter concerning the freedom of establishment for European corporations and the free movement of capital in the fourth edition of Münchener Kommentar zum Aktiengesetz (vol. 7, 4th ed., 2017) which was recently released in 2017. The latter chapter discusses a broad variety of corporate law issues arising in connection with cross-border activities of European corporations, including potential liability risks for shareholders and board members, specific questions in the event of an integration of corporations into cross-border corporate groups of companies, the place of jurisdiction for international corporate law disputes under European law as well as the applicable law for cross-border corporate reorganizations.

The role of the Supervisory Board has seen considerable change which is reflected in the corporate communications. While Supervisory Boards operated in the background in previous times, they are nowadays in the frontlines from time to time, communicating with the public and investors. This raises various questions at the interface between communications and law which will be the subject of Hill+Knowlton Strategies’ and EGO HUMRICH WYEN’s discussion.

The prmagazin tested the press communication of law firms by way of an inquiry about class actions in connection with the “dieselgate scandal” at Volkswagen. EGO HUMRICH WYEN is ranked 2nd:

  1. Hogan Lovells
  2. EGO HUMRICH WYEN
  3. Freshfields Bruckhaus Deringer
  4. Noerr
  5. Hengeler Mueller
  6. Allen & Overy
  7. CMS Hasche Sigle
  8. Gleiss Lutz
  9. Clifford Chance
  10. Taylor Wessing
  11. Linklaters

EGO  HUMRICH  WYEN