Regional Court Munich: Compliance is task of entire board

Tuesday, April 15, 2014 Veröffentlichungen

Recent Client Information by Dr. Mark Wilhelm and Dr. Anja Mayer

The Regional Court of Munich recently sentenced a former board member due to the defective establishment of compliance system and insufficient monitoring to pay damages running into millions (Regional Court of Munich, decision of 10 December 2013, file no. 5 HK O 1387/10, “Siemens” – case / decision published end of March 2014).

Dr. Mark Wilhelm and Dr. Anja Mayer point out the background and consequences of this decision.


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