COVERAGE
Trump Can Reinterpret Biden Antitrust Policies
January 17, 2025
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COVERAGE
January 17, 2025
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COVERAGE
January 16, 2025
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ARTICLE
October 8, 2024
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Following the initial steps with the Future Financing Act (“ZuFinG I“), the Federal Ministry of Finance presented the draft of the Second Future Financing Act (“ZuFinG II-E” and “Draft Bill“) on August 27, 2024. The Draft Bill aims to further develop the German financial market and revise some of the existing regulations. The primary focus is on facilitating access to the capital markets and relieving financial actors from excessive bureaucracy.
Find out more about the draft of the Second Future Financing Act in the latest article, “ZuFinG II – The Next Step Towards Strengthening Germany as a Financial Hub?,” by Annabelle Rau on our FinRegNewsBlog.
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COVERAGE
January 15, 2025
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COVERAGE
January 15, 2025
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ARTICLE / CLIENT ALERT
January 16, 2025
Read time: 3 min
As of January 1, 2025, the Building Electromobility Infrastructure Act (GEIG) has come into effect, bringing significant changes for property owners. Dr. Ulrich Flege summarizes the key points of the law below:
All non-residential buildings with more than 20 parking spaces must provide at least one charging point for electric vehicles. This applies to both new buildings and existing buildings undergoing extensive renovations. This regulation aims to increase the availability of charging infrastructure and promote the use of electric vehicles.
For major renovations of non-residential buildings with more than 10 parking spaces, protective conduits for electric cables must be installed – for every fifth parking space. Additionally, at least one charging point must be provided. A “major renovation” is defined as a renovation where more than 25 percent of the building envelope’s surface area is renovated (GEIG – Act on the Development of Building-Integrated Charging and Line Infrastructure for Electromobility). These requirements are intended to ensure that the infrastructure for electromobility is also improved in existing buildings.
Those who do not implement the requirements of the GEIG face fines of up to 10,000 euros. These penalties are intended to ensure that the legal requirements are taken seriously and implemented.
The legislator allows room for interpretation but also provides guidelines. For example, a “major renovation” is defined as a renovation where more than 25 percent of the building envelope’s surface area is renovated. However, there is room for interpretation as to when and to what extent measures must be taken. Therefore, it is advisable to seek legal advice in case of doubt to ensure that all legal requirements are met.
The McDermott team is happy to assist you with legal questions. Contact us.
Further information on the legal measures in the building sector can be found in this article.

COVERAGE
January 15, 2025
Read time: 2 min
While educational technology (EdTech) has become a key tool following COVID-19, laws regulating the collection, use, and disclosure of student data have not kept pace with new EdTech advancements and federal agencies are stepping in to provide regulations and guidance. Privacy and security risks remain potential threats to students, schools, and educational companies, but key regulations highlighted in this article are aiming to protect all parties involved. Those in the education space should become familiar with these new privacy and security concerns and regulations to ensure compliance and that data privacy and security needs are met.

COVERAGE
January 15, 2025
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ARTICLE
December 6, 2024
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One year after the new EU Consumer Credit Directive (Directive 2023/2225) came into force, questions remain: When will it be implemented? What will be regulated? How is the business community reacting? The directive brings significant changes and extensions in an effort to strengthen consumer protection and meet the challenges of digitization. But does it really provide consumers with the desired added value and protection, or does it prevent innovative, successful business models – from which consumers benefit – via overregulation?
Read the full article, “An overview of the new consumer credit directive,” written by Renate Prinz, on our FinRegNews Blog.
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ARTICLE
December 6, 2024
Read time: 2 min
On December 4, 2024, EU Regulation 2024/2987 (“EMIR 3”), amending EU Regulation 648/2012 on the European Market Infrastructure (“EMIR”), was published in the EU Official Journal. EMIR 3 will enter into force on December 24, 2024, although certain provisions will remain subject to the Regulatory Technical Standards that will be published by the European Securities and Markets Commission (“ESMA”).
Learn more about EMIR 3 in the latest article on our Financial Regulatory News blog, “EMIR 3: Active accounts, clearing threshold, and exemptions,” written by Michal Chajdukowsk.
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