Transaction Services Our team

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Transaction Services Our team
Transaction Services

     Our team

Legal and Tax Advice | www.luther-lawfirm.com
Transaction Services Our team
Our range of transaction services (M&A/PE/VC)

The times are long gone when a handshake was enough to sell a company – this is why you
don’t need a model contract but a legal advisor who understands the complex nature of
your project, who is familiar with current transaction standards, and who represents your
interests with the necessary experience and a sure instinct even in difficult negotiations.
We are the ideal partner for this purpose: working with you, and on your behalf, we ensure
that even the most demanding national or international transaction is successfully closed.

Strategic investors                                                      Cross-border transactions

■ Structuring transactions/advising on bidding processes                 ■   Developing international acquisition structures
■ Developing structures for joint ventures and drafting share-           ■   Developing structures for joint ventures
  holder agreements                                                      ■   Carrying out international legal due diligence reviews
■ Carrying out legal due diligence reviews                               ■   Advising on timely setting the course for post-merger inte-
■ Minimising liability and tax risks                                         gration
■ Taking into account sector-specific aspects that are of rele-          ■   Ensuring that international corporate compliance rules are
  vance to the transaction                                                   observed
■ Integrating warranty & indemnity solutions into the transac-           ■   Transaction management, international coordination
  tion process                                                           ■   Advising on the feasibility of transactions under antitrust
■ Restructuring the financing of the target                                  law/merger control
■ Advising on timely setting the course for post-merger integration      ■   Coordinating foreign merger control procedures
■ Ensuring that corporate compliance rules are observed                  ■   Reviewing and providing assistance with other official con-
■ Transaction management                                                     trol procedures
■ Advising on the feasibility of transactions under antitrust            ■   (CFIUS, NDRC, German Foreign Trade and Payments Act
  law/merger control                                                         (AWG)/German Foreign Trade and Payments Ordinance
                                                                             (AWV), etc.)
Private equity / venture capital
                                                                         Regulated industries
■   Tax structuring
■   Advising on MBOs/MBIs/LBOs                                           ■ Advising on the relevance of state licences for the target’s
■   Advising on primary/secondary buy-outs                                 business model
■   Advising on financing structures                                     ■ Advising on the transfer of approvals and licences
■   Advising on mezzanine capital, silent partnerships                   ■ Advising on restrictions on the target resulting from the
■   Advising on how to prepare the financing documentation in              need for public provision of services of general interest
    accordance with the LMA standard                                     ■ Taking into account requirements under public procure-
■   Advising on involving state investment companies/develop-              ment law
    ment banks                                                           ■ Taking into account the target’s special revenue streams in
■   Drafting syndicate agreements                                          determining the purchase price
■   Carrying out legal due diligence reviews                             ■ Ensuring compliance with data protection requirements
■   Minimising liability and tax risks                                   ■ Taking into account state subsidies
■   Integrating warranty & indemnity solutions into the transac-         ■ Advising on special requirements under antitrust law, also
    tion process                                                           in the light of oligopolistic structures
■   Advising on management participation programmes                      ■ Developing structures for joint ventures taking into account
■   Transaction management                                                 regulatory requirements

                                                   2 | Luther Rechtsanwaltsgesellschaft mbH
Transaction Services Our team
Public sector

■ Structuring transactions
                                                                         Refinitiv (former Thomson Reuters) 2020
■ Reviewing transactions from a public procurement law per-
                                                                           1     CMS                                                   91
  spective
■ Advising on structured bidding processes/national and Eu-                2     Noerr                                                 80

  rope-wide invitations to tender                                          3     Luther                                                71

■ Assisting with proposed resolutions of decision-making bodies            4     Latham & Watkins                                      56
■ Obtaining the approval of municipal regulatory authorities               5     Heuking Kuhn Luer Wojtek                              54

  and of the competent ministries                                          6     P + P Poellath + Partners                             36
■ Developing PPP structures                                                7     Hengeler Mueller                                      35
■ Ensuring compliance with requirements under municipal law                8     Freshfields Bruckhaus Deringer                        35
■ Carrying out legal due diligence reviews                                 9     Hogan Lovells                                         34
■ Minimising liability risks                                              10     DLA Piper                                             33
■ Taking into account matters relating to pension law (Federal            11     Clifford Chance                                       31
  and State Government Employees Pension Fund (VBL) etc.)                 12     Linklaters                                            31
■ Transaction management                                                  13     Allen & Overy                                         31
                                                                          14     Baker McKenzie                                        29
Our performance in M&A                                                    15     McDermott Will & Emery                                28
                                                                        Source: Refinitiv Global Mid-Market M&A Review - Full Year 2020│Legal
In the relevant league tables, Luther ranks prominently                 Advisors
among the leading advisors on M&A transactions (number of
transactions) with a link to Germany.

 Mergermarket 2020                                                       Bloomberg 2020
  1    CMS                                                   75            1     Noerr                                                 80
  2    Noerr                                                 59            2     CMS                                                   72
  3    Hengeler Mueller                                      43            3     Latham & Watkins                                      63
  4    Latham & Watkins                                      43            4     Luther                                                57
  5    Freshfields Bruckhaus Deringer                        38            5     Hengeler Mueller                                      49
  6    Taylor Wessing                                        38            6     Freshfields Bruckhaus Deringer                        48
  7    White & Case                                          35            7     Clifford Chance                                       38
  8    Heuking Kuhn Luer Wojtek                              35            8     Linklaters                                            34
  9    Baker McKenzie                                        34            9     Allen & Overy                                         34
 10    Allen & Overy                                         32           10     Whiste & Case                                         29
 11    Gleiss Lutz                                           32           11     Hogan Lovells                                         28
 12    DLA Piper                                             32           12     Goodwin Procter                                       24
 13    Clifford Chance                                       31           13     Baker & McKenzie                                      23
 14    Luther                                                31           14     Dentons                                               21
 15    Linklaters                                            30           15     Orrick Herrington & Sutcliffe                         21
Source: Mergermarket Global & Regional M&A Report 2020                  Source: Bloomberg Global M&A Market Review – Legal Rankings 2020

                                                  Luther Rechtsanwaltsgesellschaft mbH | 3
Transaction Services Our team
Selected transactions 2020

  AlphaPet Ventures GmbH             Augsburger Aktienbank AG                        Aqua Sparks                            AsiaLabs
Advising on acquisition financing     Advising on the sale of the               Advising Aqua Sparks                   Advising AsiaLabs
 of the purchase of all shares in    securities business to ebase                on its investment in                 on its investment into
                                                                                Shiok Meats Pte Ltd.                   Hope Healthcare
          Healthfood24

      Bright Skies GmbH                 Brinkmann & Partner                       CHIRON Group SE                    CLOSERSTILL GROUP
Advising on the sale of all shares      Advising on the sale of                Advising on the sale of                    LIMITED
   to Rackspace Technology                  GETI WILBA                        Scherer Feinbau to EMAG              Advising on the acquisition
                                                                                                                     of the Spring Messe

    DOMUM Unternehmer                       Dyneff S.A.S.                         EEW Energy from                   eins energie in sachsen
      & Kapital GmbH                                                                Waste GmbH                          GmbH & Co. KG
                                     Advising on the acquisition of
  Advising on the acquisition of               natGAS                        Advising on the takeover of        Advising on the acquisition of 49%
 three Amazon FBA Businesses                                                     MHKW Pirmasens                       in Stadtwerke Grimma

    Fiege Logistik Stiftung            Fiege Logistik Holding                  Gerhard Geiger GmbH                  Genius Bytes Software
          & Co. KG                       Stiftung & Co. KG                           & Co. KG                         Solutions GmbH
Advising on the renewed invest-       Advising on investment in            Advising on the establishment of       Advising on the sale of 100% of
 ment in Westphalia DataLab             heyconnect GmbH                      the joint venture “Shandong          shares in Genius Bytes Software
                                                                             Geiger Drive Technologies
                                                                                                                   Solutions S.R.L. to Paolo Toro
                                                                                  Co., Ltd.” in China

   HESCH Schröder GmbH               Klinikum Burgenlandkreis                     Knorr-Bremse AG                    Koolen Industries B.V.
     Advising on the sale to                  GmbH                          Advising on the sale of shares in     Advising on the 25% stake in
     Axxeron Technologies             Advising on the takeover by           Aldona Seals and Alpha Process             Kraftblock GmbH
                                             SRH Kliniken                              Controls

                                                   4 | Luther Rechtsanwaltsgesellschaft mbH
Transaction Services Our team
Landeshauptstadt Wiesbaden              MAN Truck & Bus AG                             MECOTEC                            Mediawan SA
 Advising on the acquisition of     Advising on the purchase of the          Advising on the purchase of 51%     Advising on the establishment of
    all remaining shares in         remaining 30% in MAN Truck &               of the shares in COOLANT               the Mediawan Alliance
       WIVERTIS GmbH                      Bus (M) Sdn. Bhd.

         Valeta GmbH                   Mutares SE & Co. KGaA                    Mutares SE & Co. KGaA              Neuss-Düsseldorfer Häfen
Advising on acquisition financing    Advising on the acquisition of         Advising on the acquisition of the         GmbH & Co. KG
for the purchase of Sirag, Univer    GEA Farm Technologies Japy
                                                                              Swedish and Finnish Nordic           Advising on the sale of 30%
                                       SAS and Royal De Boer
           and Uniprod                                                                    Road                   shares to Neuss Trimodal GmbH

            Next Alt                         NORTAL AS                         Open Grid Europe GmbH             Pflege LebensNah - Diakonische
     Advising Next Alt on           Advising on the purchase of 100%        Advising on the establishment of     Dienste im Ev.-Luth. Kirchenkreis
     Altice Europe buyout             of the shares in Schütze AG            the joint venture “evety GmbHˮ        Rendsburg-Eckernförde e.V.
                                                                                                                      Advising on the sale of
                                                                                                                       Pflege LebensNah

  REIWAG Facility Services            Serumwerk Bernburg AG                   Spreewaldkonserve Golßen                      Staffbase
          GmbH                         Advising on the sale of the                     GmbH                       Acquisition of Teambay GmbH
  Advising REIWAG Facility            Infusion Solutions Division                Advising on the sale to              by Staffbase GmbH
 Services GmbH in connection                                                            Andros
  with investment in LionsBot
      International Pte Ltd

  Vexve Armatury Group Oy                 Vorwerk & Co. KG                  Wessanen Deutschland GmbH                     WIELTON S A
 Advising on the acquisition of       Advising on the management              Advising on the acquisition of        Advising on the acquisition
      ZMK Technologies              buy-out of Vorwerk Teppichwerke                    Little Lunch                  of the remaining 20% in
                                                                                                                        Langendorf GmbH

                                                    Luther Rechtsanwaltsgesellschaft mbH | 5
Transaction Services Our team
Your main contact

                           Dr Thomas Kuhnle
                           Lawyer, Partner
                           Stuttgart
                           T +49 711 9338 19193
                           thomas.kuhnle@luther-lawfirm.com

Your team for transactions

Dr Michael Bormann                                            Dr Stefan Galla
Lawyer, Partner                                               Lawyer, Notary with office in Essen, Certified Specialist
Dusseldorf                                                    in Commercial and Corporate Law, Partner
T +49 211 5660 24635                                          Essen
michael.bormann@luther-lawfirm.com                            T +49 201 9220 24016
                                                              stefan.galla@luther-lawfirm.com

Stephan Gittermann                                            Prof. Dr Hans-Georg Hahn
Lawyer, Partner                                               Lawyer, Tax Advisor, Partner
Frankfurt a.M.                                                Hanover
T +49 69 27229 24970                                          T +49 511 5458 17647
stephan.gittermann@luther-lawfirm.com                         hans-georg.hahn@luther-lawfirm.com

                                        6 | Luther Rechtsanwaltsgesellschaft mbH
Transaction Services Our team
Your team for transactions

Dr Thomas Halberkamp                                               Dr Oliver Kairies
Lawyer, Master in Business Administration,                         Lawyer, Partner
Partner                                                            Hanover
Hanover                                                            T +49 511 5458 17643
T +49 511 5458 17663                                               oliver.kairies@luther-lawfirm.com
thomas.halberkamp@luther-lawfirm.com

Dr Andreas Kloyer                                                  Thomas Köhler
Lawyer, Partner                                                    Lawyer, Certified Specialist in Tax Law, Partner
Frankfurt a.M.                                                     Frankfurt a.M.
T +49 69 27229 24715                                               T +49 69 27229 27027
andreas.kloyer@luther-lawfirm.com                                  thomas.koehler@luther-lawfirm.com

Dr Eckart Petzold                                                  Dr Ulrich Philippi
Lawyer, Partner                                                    Lawyer, Partner
Dusseldorf                                                         Stuttgart
T +49 211 5660 25065                                               T +49 711 9338 19181
eckart.petzold@luther-lawfirm.com                                  ulrich.philippi@luther-lawfirm.com

                                             Luther Rechtsanwaltsgesellschaft mbH | 7
Transaction Services Our team
Your team for transactions

Dr Stephan Rippert, LL.M.                                          Dr Klaus Schaffner
Lawyer, Attorney-at-Law (New York), Partner                        Lawyer, Partner
Munich                                                             Leipzig
T +49 89 23714 10049                                               T +49 341 5299 0
stephan.rippert@luther-lawfirm.com                                 klaus.schaffner@luther-lawfirm.com

Dr Florian Schulz, M.B.A. (Nimbas)                                 Dr Claus Trenner, LL.M.
Lawyer, Certified Specialist in Commercial and Corporate Law,      Lawyer, Partner
Certified Specialist in Banking and Capital Markets, Partner       Singapore
Hamburg                                                            T +91 124 4726 430
T +49 40 18067 18023                                               claus.trenner@luther-lawfirm.com
florian.schulz@luther-lawfirm.com

Andreas Tüxen,                                                     Dr Gregor Wecker
LL.M. (American University / WCL)                                  Lawyer, Partner
Lawyer, Notary with office in Berlin, Certified Specialist         Cologne
in Commercial and Corporate Law, Partner                           T +49 221 9937 25727
Berlin                                                             gregor.wecker@luther-lawfirm.com
T +49 30 52133 16258
andreas.tuexen@luther-lawfirm.com

                                             8 | Luther Rechtsanwaltsgesellschaft mbH
Transaction Services Our team
Your team for transactions

Thomas Weidlich, LL.M. (Hull)                                    Dr Andreas Blunk, MLE
Lawyer, Partner                                                  Lawyer, Notary with office in Hannover, Certified Spe-
Cologne                                                          cialist in Commercial and Corporate Law, Partner
T +49 221 9937 16280                                             Hanover
thomas.weidlich@luther-lawfirm.com                               T +49 511 5458 16564
                                                                 andreas.blunk@luther-lawfirm.com

Philipp Dietz, LL.M. (Edinburgh)                                 Daniel Fehling, LL.M. (Auckland)
Lawyer, Partner                                                  Lawyer, Certified Specialist in Commercial and Corporate Law,
Cologne                                                          Certified Specialist in Banking and Capital Markets, Partner
T +49 221 9937 14224                                             Hamburg
philipp.dietz@luther-lawfirm.com                                 T +49 40 18067 13409
                                                                 daniel.fehling@luther-lawfirm.com

Dr Christian Horn, LL.M. (Tulane)                                Dr Benjamin Hub
Lawyer, Notary with office in Berlin, Attorney-at-Law            Lawyer, Certified Specialist in Commercial and Corpo-
(New York), Partner                                              rate Law, Partner
Berlin                                                           Hamburg
T +49 30 52133 21833                                             T +49 40 18067 12182
christian.horn@luther-lawfirm.com                                benjamin.hub@luther-lawfirm.com

                                           Luther Rechtsanwaltsgesellschaft mbH | 9
Transaction Services Our team
Your team for transactions

Dr Cédric Müller, LL.M. (Bristol)                                Dr Hendrik Bernd Sehy
Lawyer, Notary with office in Essen, Partner                     Lawyer, Certified Specialist in Medical Law, Counsel
Essen                                                            Hanover
T +49 201 9220 24879                                             T +49 511 5458 10772
cedric.mueller@luther-lawfirm.com                                hendrik.sehy@luther-lawfirm.com

Clemens Leitner, LL.M. (UCL)
Lawyer, Senior Associate
Singapore
T +65 6408 8000
clemens.leitner@luther-lawfirm.com

                                          10 | Luther Rechtsanwaltsgesellschaft mbH
Hits the mark. Luther.

Luther Rechtsanwaltsgesellschaft mbH is one of the leading corporate law firms in Germany. With some 420 lawyers and tax
advisors, we can advise you in all fields of German and international corporate law. In addition to having offices in every eco-
nomic centre throughout Germany, we are also present in ten locations abroad: in Brussels, London and Luxembourg in Europe,
and in Bangkok, Delhi-Gurugram, Jakarta, Kuala Lumpur, Shanghai, Singapore and Yangon in Asia.

Our advisory services are tailored to our clients’ corporate goals. We take a creative, dedicated approach to achieving the best
possible economic outcome for each of our clients.

The name “Luther” stands for expertise and commitment. With a passion for our profession, we dedicate all our efforts to solving
your issues, always providing the best possible solution for our clients. Not too much and not too little – we always hit the mark.

We know how crucial it is to use resources efficiently and to plan ahead. We always have an eye on the economic impact of our
advice. This is true in the case of strategic consulting as well as in legal disputes.

We have complex projects on our agenda every day. At Luther, experienced and highly specialised advisors cooperate closely
in order to offer our clients the best possible service. Thanks to our fast and efficient communication, permanent availability and
flexibility, we are there for you whenever you need us.

Luther won the JUVE Award ‘Law Firm of the Year 2019’.

About us

  Lawyers and                       Locations                             Long-standing                 Offices in international
  tax advisors                                                            connections to commercial     financial centres and
                                                                          law firms worldwide           investment locations

   420                                  20
                                                Luther Rechtsanwaltsgesellschaft mbH | 11
Our locations

We have a global outlook, with offices in ten key economic and financial centres in Europe and Asia. We also maintain close
relationships with leading corporate law firms worldwide. This way, we ensure a seamless service for our clients throughout their
demanding international projects.

In continental Europe, Luther is part of a group of independent law firms, each one a leader in its own country, that have been
cooperating regularly on international mandates for many years.

Our partner firms are based in Africa, Australia and New Zealand, Europe, Israel, Japan and Korea, the Middle East, Russia and
the CIS, South and Central America, the US and Canada.

  Luther locations
  Best friends                                                            Our locations
                                                                          Bangkok                 Jakarta
                                                                          Berlin                  Kuala Lumpur
                                                                          Brussels                Leipzig
                                                                          Cologne                 London
                                                                          Delhi-Gurugram          Luxembourg
                                                                          Dusseldorf              Munich
                                                                          Essen                   Shanghai
                                                                          Frankfurt a.M.          Singapore
                                                                          Hamburg                 Stuttgart
                                                                          Hanover                 Yangon

                                               12 | Luther Rechtsanwaltsgesellschaft mbH
Our industries

  Our lawyers and tax advisors focus on                                  Energy
  advising clients from five industries. Hits
  the mark.

                                                                      Conventional or renewable energies: We work efficiently and
                                                                      sustainably.

  Health Care &                                                          Information Tech &
  Life Science                                                           Telecommunications

With our expertise, we have our finger on the pulse of time.          We connect today with tomorrow.

  Mobility &                                                             Real Estate &
  Logistics                                                              Infrastructure

We understand what gets you moving and can set you on the             We lay the foundation for you to build on.
right course.

                                               Luther Rechtsanwaltsgesellschaft mbH | 13
Our practice areas

Antitrust Law             Capital Markets &                  Commercial &              Complex Disputes
                          Banking                            Distribution Law,
                                                             Product Liability/
                                                             Product Compliance

Compliance &              Corporate/M&A                      Data Protection Law       Employment Law
Internal Investigations

Energy Law                Environment &                      Financial Services        Insurance Law
                          Planning Law,                      Investment Funds &
                          Regulatory                         Alternative Investments

International             IP & Copyright Law                 IT Law                    Notarial Services
Trade Law

Public                    Public Subsidies/                  Real Estate               Restructuring &
Procurement Law           State Aid Law                                                Insolvency

Start-ups &               State, Administration,             Tax Law                   White-Collar Crime &
Venture Capital           Public Undertakings                                          Tax Offences

                                    14 | Luther Rechtsanwaltsgesellschaft mbH
Our awards

       JUVE
       In the 2020/2021 JUVE Guide to Commercial Law Firms, 45 lawyers from Luther were recommended, and
       nine of these were also listed as “leading advisors”. The legal publisher JUVE published rankings for a total
       of 28 areas of law. In 2019, Luther was named “Law Firm of the Year 2019” by JUVE and, in addition, was
       nominated for the JUVE awards “Law Firm of the Year for Mergers & Acquisitions” and “Law Firm of the
       Year for Dispute Resolution”. In the past, Luther has already won “Law Firm of the Year 2017 for Environ-
       mental and Regulatory Law”, “Law Firm of the Year 2015 for Distribution/Trade/Logistics”, “Law Firm of the
       Year 2014” in the categories of “Energy Law”, “Regulated Industries” and “Private Sector Building Law”
       (Germany), and in 2011 “Law Firm of the Year for Distribution Systems”.

       The Legal 500
       “The Legal 500 Germany 2021” recommends 71 lawyers from Luther, of which 10 lawyers have received
       special recognition and were named as “Leading Names”, “Names of the Next Generation” or “Rising
       Stars”. Additionally, a total of 28 practice areas were ranked. In 2020, 68 attorneys were nominated to
       Legal 500, six of whom were named as leaders.

       Chambers
       In 2021, Luther was recognised by Chambers Europe for 10 practice areas in Germany as well as in two
       practice areas in Luxembourg. Moreover, 15 partners were included in the Individual Ranking. Additionally,
       in 2021, Luther was recognised by Chambers Global in three advisory areas in Germany, Luxembourg and
       Myanmar, while six partners were also included in the Individual Ranking.

       Kanzleimonitor
       Luther is one of the ten most frequently recommended law firms in Germany according to the German survey
       of law firms “Kanzleimonitor 2020/2021”. Luther ranks 6th in terms of its range of legal services, with 22
       (out of 32) areas of laws. Luther achieved top 5 rankings in employment law (2nd place), corporate law
       (3rd place) and energy law (4th place). A total of 13 Luther lawyers were recommended by in-house lawyers.

       “Best Lawyers in Germany 2021”
       For the year 2021, 81 of Luther’s partners have been recommended as “Best Lawyers in Germany 2021”,
       an award presented by the US publisher “Best Lawyers” in cooperation with the German Handelsblatt.
       Dr Martin Fleckenstein has been awarded “Lawyer of the Year” in “Land Use and Zoning Law”.

       WHO’S WHO LEGAL
       18 of Luther’s partners are listed in WHO’S WHO LEGAL in 2021, four of whom were recognised as
       Thought Leaders, three as a Future Leader and one as a Global Leader.

       Global Arbitration Review
       In 2019, the English legal journal “Global Arbitration Review included Luther for the eighth time in a row in
       its “GAR 100”, a list of law firms specialising in arbitration law assessed by the journal throughout the world.

                                 Luther Rechtsanwaltsgesellschaft mbH | 15
Luther.Digital

The digital revolution is well under way. In a highly competitive market where new business models are always being
developed and existing processes are continually being challenged, multinational groups, well-established medium-
sized businesses and small start-ups are all looking for the best possible ways to position themselves in this environ-
ment. In order to do this, they do not just call existing business models into question, but also create completely new,
innovative forms of cooperation. This revolution is being driven by numerous recent technological developments,
such as cloud computing, digital platforms, Big Data and artificial intelligence, the Internet of Things and blockchain
technology.

                                                                       Protecting Intellectual   Artificial Intelligence &
  Luther.Digital supports and advises comprehensively on               Property                  Big Data
  all legal areas relating to digital business models, agile
  architectures and technical levers as well as the neces-
  sary transformation processes in the company. From the
  realignment of value chains to commercial and distribu-
  tion law aspects, employment law, IT and data protection
  topics up to and including digital compliance and anti-
  trust law.                                                           Digital Infrastructure    Digital Value
                                                                                                 Chains
  Luther.Digital supports you in all the phases of upcoming
  transformation projects – from strategic dialogue to
  LegalTech solutions and the subsequent change process.

 Blockchain & FinTech             Data Protection &                    Future Work               Legal Operations
                                  Compliance

 Digital Legal Services           Digital Media & Gaming               Platforms &               Start-ups &
                                                                       Communities               Venture Capital

                                               16 | Luther Rechtsanwaltsgesellschaft mbH
Luther Rechtsanwaltsgesellschaft mbH
Anna-Schneider-Steig 22
50678 Cologne, Germany
Telephone +49 221 9937 0
Telefax +49 221 9937 110
contact@luther-lawfirm.com

For reasons of better legibility, the simultaneous use of gender-specific language
forms is dispensed with. Corresponding terms apply in principle to all genders in the
sense of equal treatment. The abbreviated form of language has editorial reasons and
does not imply any valuation.

Release: May 2021

                                              Luther Rechtsanwaltsgesellschaft mbH | 17
Bangkok, Berlin, Brussels, Cologne, Delhi-Gurugram, Dusseldorf, Essen,
      Frankfurt a.M., Hamburg, Hanover, Kuala Lumpur, Jakarta, Leipzig, London,
      Luxembourg, Munich, Shanghai, Singapore, Stuttgart, Yangon

      You can find further information at:
      www.luther-lawfirm.com
      www.luther-services.com

Legal and Tax Advice | www.luther-lawfirm.com
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