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Liquidität 2026: Warum Cashflow wichtiger ist als Gewinn

Liquidity in 2026: Why cash flow is more important than profit
Good figures, false security

15.01.2026
Peter Fissenewert, Susanne Wirth

Managing director analyses digital key figures and risks at the start of the year – symbolic image for managing director liability at the start of the year.

The start of the year also marks the beginning of managing director liability
Why personal liability will be decided in the first quarter of 2026

08.01.2026
Peter Fissenewert, Susanne Wirth

Blue lorry with red container drives over a bridge in a harbour, with container cranes and a cargo ship visible in the background.

Digital transformation in international road transport: eCMR and e-documents on the rise
How eCMR, EU Regulation 2020/1056, and electronic dangerous goods documents are changing logistics processes

16.12.2025
Jan Dwornig

Handing over a letter – symbolic of hidden profit distribution

As a managing director, you need to bear the following in mind with regard to your salary
When remuneration for managing partners becomes a risk

04.12.2025
Peter Fissenewert, Susanne Wirth

Laptop with the words “Family Foundation” on the screen, next to it a golden set of scales and a blue paragraph symbol representing legal issues. Symbolic of the new foundation register.

The foundation register is coming — or is it (still) not?
New foundation register and transparency requirements: What is changing for family foundations.

25.11.2025
Thomas Draguhn

Employee wearing protective vest and helmet observes container ship in port – symbolising export control, foreign trade law and international defence transactions.

M&A in the defence sector in 2025: new reporting requirements, export controls and compliance pressure
What the AWV amendment and stricter export controls mean for transactions in the defence and security industry

28.10.2025
Jan Dwornig

Quarterly figures with bar and line charts as well as financial analyses, presented in an annual report with a ballpoint pen.

Quarterly figures: transparency or dead weight?
Why abolition would be a risk to trust and markets

25.09.2025
Peter Fissenewert, Susanne Wirth

Close-up of a hand writing on a transparent surface, overlaid with a blue word cloud containing terms related to leadership, consulting and control. – Symbolic of an advisory board or supervisory board in a limited liability company (GmbH).

Advisory board or supervisory board in the GmbH – What are the advantages and disadvantages? Decision support for companies

21.08.2025
Peter Fissenewert, Susanne Wirth

ESG becomes decisive for deals: sustainability as the new standard in M&A

ESG becomes decisive for deals: sustainability as the new standard in M&A
How ESG criteria influence purchase price, risk assessment and contract structure

12.08.2025
Peter Fissenewert, Susanne Wirth

A house of cards built from playing cards loses its stability and begins to collapse – a symbolic image for the insolvencies of Schneider and Benko.

Two bankruptcies – a pattern? A comparison of the insolvencies of Schneider and Benko
Lessons from two spectacular collapses

31.07.2025
Peter Fissenewert, Susanne Wirth

Two business people in suits hand over a baton labelled “Succession” - a symbol of business succession to the next generation

BFH: Business succession is not considered wages
Transfer of shares free of charge remains tax-free

24.07.2025
Peter Fissenewert, Susanne Wirth

A hand hands over a bunch of keys to a couple - symbolising a company succession

Business succession in family businesses: between emotions and the law
Successful succession planning requires clear structures and tact and sensitivity.

08.05.2025
Peter Fissenewert, Susanne Wirth

Discriminatory provisions in the articles of association for minority shareholders in the GmbH - consequences and options for action

Discriminatory provisions in the articles of association for minority shareholders in the GmbH – consequences and options for action. Safeguarding rights, avoiding discrimination.

26.02.2025
Peter Fissenewert, Susanne Wirth

GmbH: Contestability and nullity - the most common errors in shareholder resolutions.

GmbH: Contestability and nullity – the most common errors in shareholder resolutions. Avoiding legal pitfalls and drafting legally compliant resolutions.

20.02.2025
Peter Fissenewert, Susanne Wirth

Wirecard and the doctrine: aggrieved shareholders are not subordinated creditors

Wirecard and the doctrine: aggrieved shareholders are not subordinated creditors. Munich Higher Regional Court strengthens shareholders' rights in the wake of the Wirecard scandal.

02.01.2025
Peter Fissenewert, Susanne Wirth

BGH shows way out of blockade of the three-member supervisory board by one member.

BGH shows way out of blockade of the three-member supervisory board by one member. Decision of January 9, 2024 (II ZB 20/22) shows the correct solution for the case of paralysis of the three-member supervisory board by a boycotting member.

07.11.2024
Renke Lührs