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CMS in Hamburg

Hamburg

Germany

In Hamburg, CMS can look back on a long tradition of providing international business law advice. We focus on corporate law, real estate and construction law, banking and finance, as well as labour and employment law, IP matters and the maritime sector.

The Hamburg CMS office is also particularly noted for its public commercial law expertise, while our firm’s reputation for energy law is not least due to our strong practice in this Hanseatic city. Our team of 100 lawyers includes specialists in renewable energy, pharmaceuticals and the medical device industry. We also have a strong financing track record and can offer expert advice for your projects.

Contact CMS in Northern Germany to find out more about our services. Our legal experts and sector-specific teams look forward to working with you in Hamburg!

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Directions

By plane

Our office is approximately 25 minutes away by car from Hamburg Airport. Leaving the airport, take the B433/Alsterkrugchaussee in the direction of Hamburg and the B5/Breitenfelder Straße. After 5.2 km turn left into Hoheluftchaussee, which becomes Grindelallee. Then turn right into Rentzelstraße, which becomes Karolinenstraße. Bear left into Feldstraße, which becomes Sievekingplatz and then Kaiser-Wilhelm-Straße. Finally, turn right into Stadthausbrücke, cross the bridge and turn right into the car park.

Alternatively, you can take S-Bahn line S1 from the airport to the Stadthausbrücke station. The journey takes approximately 30 minutes.

By car

Coming from the north (A7)
Take exit 26, signposted Hamburg-Stellingen. Then turn right into Kieler Straße/B4. After about 3 km, turn slightly to the left onto the B5/Eimsbütteler Marktplatz. Continue straight on and turn right into Rentzelstraße after approximately 2.5 km. After about 800 metres, turn right into Holstenglacis and then proceed another 200 metres before turning left onto Sievekingplatz. From here, carry on straight ahead towards Axel-Springer-Platz. The road curves slightly to the right and then becomes Stadthausbrücke. You can then turn into the car park on the right that belongs to the Stadthausbrücke 1-3 office building.

From Kiel/Lübeck/Berlin (A1)
Take exit 33, signposted HH-Billstedt, HH-Centrum. Continue on to the B5 (Spaldingstraße – Amsinckstraße – Willy-Brandt-Straße). Follow the road for 10.4 km and then turn right into Rödingsmarkt. Turn left after 100 m (Graskeller/Stadthausbrücke). At the next opportunity, turn left again (do a U-turn) and after a few metres turn into the car park on your right-hand side.

From Hanover (A7)
Exit the A7 at Horst and continue on to the A1. This becomes the A255 and then the B4/B75. Turn right into Amsinckstraße, which becomes Willy-Brandt-Straße. After 1.5 km turn right again into Rödingsmarkt. Turn left after 100 m (Graskeller/Stadthausbrücke). At the next opportunity, turn left again (do a U-turn) and after a few metres turn into the car park on your right-hand side.

By train

At Hamburg main railway station, take the S1 or S3 S-Bahn line to the Stadthausbrücke station. The journey takes approximately 6 minutes.

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Location

CMS Hasche Sigle
Stadthausbrücke 1-3
20355 Hamburg
Germany
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08/04/2021
CMS ad­vises Seiden­spin­ner on ac­quis­i­tion by id­verde
Stut­tgart – id­verde, Europe’s lead­ing pro­vider of grounds main­ten­ance ser­vices and land­scape cre­ation pro­jects, which is ma­jor­ity-owned by private equity in­vestor Core Equity Hold­ings, has ac­quired...
08/04/2021
CMS ad­vises RS­BG SE on ac­quis­i­tions for Ad­vanced Man­u­fac­tur­ing di­vi­sion
Co­logne – RS­BG SE, the in­vest­ment com­pany of the RAG-Stif­tung found­a­tion, is ex­pand­ing its Ad­vanced Man­u­fac­tur­ing di­vi­sion. The com­pany re­cently ac­quired 100% of the shares in Mul­ti­photon Op­tics GmbH...
April 2021
Gloss­ary of Key M&A and Cor­por­ate Terms 2020
The newly re­vised edi­tion of the gloss­ary provides a quick over­view of many terms com­monly used in M&A trans­ac­tions and in the con­text of cor­por­ate ac­tions.It serves as a con­veni­ent ref­er­ence for terms...
06 April 2021
EU is­sues draft of Di­git­al Mar­kets Act aimed at cre­at­ing a new and fair...
The European Com­mis­sion has pub­lished a draft pro­pos­al for a new com­pet­i­tion law frame­work for large on­line plat­forms, called the Di­git­al Mar­kets Act (DMA). The Com­mis­sion pro­posed the DMA due to the...
01 April 2021
Di­git­al Mar­kets Act: a new and fair busi­ness frame­work for large plat­forms
The European Com­mis­sion has pub­lished the draft pro­pos­al for a new com­pet­i­tion law frame­work for large on­line plat­forms, called the Di­git­al Mar­kets Act (the “DMA”). The reas­on the Com­mis­sion pro­posed the DMA is that a small num­ber of large on­line plat­forms cap­ture the biggest share of over­all value gen­er­ated in Europe’s di­git­al eco­nomy, and these plat­forms have emerged by be­ne­fit­ting from sec­tor char­ac­ter­ist­ics such as strong net­work ef­fects, of­ten em­bed­ded in their own plat­form eco­sys­tems. These plat­forms rep­res­ent the key struc­tur­ing ele­ments in today’s di­git­al eco­nomy, in­ter­me­di­at­ing the ma­jor­ity of trans­ac­tions between end users and busi­ness users. A few large plat­forms in­creas­ingly act as gate­ways or gate­keep­ers between busi­ness users and end users, and en­joy a long-term, en­trenched po­s­i­tion, of­ten as a res­ult of the cre­ation of con­glom­er­ate eco­sys­tems around their core plat­form ser­vices, which re­in­forces ex­ist­ing entry bar­ri­ers.The DMA deals with those large on­line plat­forms act­ing as gate­keep­ers in di­git­al mar­kets. The DMA aims to en­sure that:these plat­forms be­have fairly on­line;in­nov­at­ors and tech­no­logy start-ups will have new op­por­tun­it­ies to com­pete and in­nov­ate in the on­line plat­form en­vir­on­ment without hav­ing to com­ply with un­fair terms and con­di­tions that lim­it their de­vel­op­ment;con­sumers will have more and bet­ter ser­vices to choose from, more op­por­tun­it­ies to switch their pro­vider if they so wish, dir­ect ac­cess to ser­vices, and fairer prices. Who are the gate­keep­ers? Gate­keep­ers are core plat­form ser­vices which meet the qual­it­at­ive and quant­it­at­ive cri­ter­ia set out in the DMA. Core plat­form ser­vices in­clude on­line in­ter­me­di­ation ser­vices, search en­gines, so­cial net­work­ing ser­vices, video-shar­ing plat­form ser­vices, num­ber-in­de­pend­ent in­ter­per­son­al com­mu­nic­a­tion ser­vices, op­er­at­ing sys­tems, cloud com­put­ing ser­vices, ad­vert­ising ser­vices in­clud­ing any ad­vert­ising net­works, ad­vert­ising ex­changes and any oth­er ad­vert­ising in­ter­me­di­ation ser­vices, provided by a pro­vider of any of the core plat­form ser­vices lis­ted above.A core plat­form ser­vice qual­i­fies as a gate­keep­er, if:it has a sig­ni­fic­ant im­pact on the in­tern­al mar­ket, which is pre­sumed if it achieves an an­nu­al EEA turnover equal to or above EUR 6.5 bil­lion in the three pre­ced­ing fin­an­cial years, or where the av­er­age mar­ket cap­it­al­isa­tion or the equi­val­ent fair mar­ket value of the un­der­tak­ing to which it be­longs amoun­ted to at least EUR 65 bil­lion in the pre­ced­ing fin­an­cial year, and it provides a core plat­form ser­vice in at least three Mem­ber States;it op­er­ates a core plat­form ser­vice which serves as an im­port­ant gate­way for busi­ness users to reach end users, which is pre­sumed if it has more than 45 mil­lion monthly act­ive end users es­tab­lished or loc­ated in the Uni­on and more than 10,000 yearly act­ive busi­ness users es­tab­lished in the EU in the pre­ced­ing fin­an­cial year;it en­joys a long-term, en­trenched po­s­i­tion in its op­er­a­tions or it is fore­see­able that it will en­joy such po­s­i­tion in the near fu­ture, which is pre­sumed if the thresholds in point b) were met in each of the three pre­ced­ing fin­an­cial years.   What are the gate­keep­ers’ main ob­lig­a­tions? Do’s and Don’ts     What kind of tools and powers do the Com­mis­sion and oth­er bod­ies have? The DMA grants powers and dif­fer­ent pro­ced­ur­al rights to the European Com­mis­sion and es­tab­lishes the Di­git­al Mar­kets Ad­vis­ory Com­mit­tee for is­su­ing opin­ions in is­sues re­lated to the DMA.The DMA gives the Com­mis­sion the fol­low­ing powers:to des­ig­nate core plat­form ser­vices that meet the DMA cri­ter­ia as gate­keep­ers;to re­view ad-hoc the status of gate­keep­ers on re­quest or on its own;to re­view at two-year in­ter­vals the status of gate­keep­ers;to spe­cify meas­ures to be taken by gate­keep­er to com­ply with the DMA;to sus­pend cer­tain gate­keep­er ob­lig­a­tions un­der the DMA at a gate­keep­er’s re­quest, if the gate­keep­er demon­strates that com­pli­ance with that spe­cif­ic ob­lig­a­tion would en­danger its eco­nom­ic vi­ab­il­ity;to ex­empt a gate­keep­er from cer­tain ob­lig­a­tions un­der the DMA on the grounds of pub­lic mor­al­ity, pub­lic health or pub­lic se­cur­ity;to ini­ti­ate mar­ket in­vest­ig­a­tions:lower-ro­manto ex­am­ine wheth­er a pro­vider of core plat­form ser­vices should be des­ig­nated as a gate­keep­er;in­to sys­tem­at­ic non-com­pli­ance by a gate­keep­er;to ex­am­ine wheth­er cer­tain ser­vices in the di­git­al sec­tor should be ad­ded to the list of core plat­form ser­vices and identi­fy prac­tices that might lim­it the con­test­abil­ity of core plat­form ser­vices or might be un­fair.The DMA grants in­vest­ig­at­ive, en­force­ment and mon­it­or­ing powers to the Com­mis­sion dur­ing its pro­ceed­ings, based on which the Com­mis­sion is en­titled to:re­quest in­form­a­tion from any un­der­tak­ings and from the gov­ern­ments and au­thor­it­ies of EU mem­ber states;ac­cess data bases and al­gorithms;in­ter­view any private per­son or leg­al en­tity to col­lect in­form­a­tion re­lat­ing to the sub­ject-mat­ter of an in­vest­ig­a­tion;con­duct on-site in­spec­tions at the premises of any un­der­tak­ings, in­clud­ing to­geth­er with aud­it­ors and ex­perts;or­der in­ter­im meas­ures against a gate­keep­er on the basis of a prima facie find­ing of an in­fringe­ment of ob­lig­a­tions un­der the DMA;mon­it­or the ef­fect­ive im­ple­ment­a­tion and com­pli­ance with the ob­lig­a­tions un­der the DMA.   What will the sanc­tions for non-com­pli­ance be? If the Com­mis­sion ad­opts a non-com­pli­ance de­cision in which it finds that a gate­keep­er does not com­ply with one or more ob­lig­a­tions un­der the DMA, the Com­mis­sion may fine a gate­keep­er.The max­im­um amount of a fine is 10% of the total world­wide an­nu­al turnover of the gate­keep­er in the case of a ma­ter­i­al breach of the ob­lig­a­tions un­der the DMA, and a max­im­um 1% in the case of a less ser­i­ous breach of ob­lig­a­tions un­der the DMA.The Com­mis­sion is also en­titled to or­der peri­od­ic pen­alty pay­ments of up to 5% of the av­er­age daily turnover in cer­tain cases defined in the DMA.In the case of sys­tem­at­ic breaches of the DMA ob­lig­a­tions by gate­keep­ers, ad­di­tion­al rem­ed­ies may be im­posed after a mar­ket in­vest­ig­a­tion. Such rem­ed­ies will need to be pro­por­tion­ate to the of­fence com­mit­ted. If ne­ces­sary and as a last re­sort, non-fin­an­cial rem­ed­ies can be im­posed. These can in­clude be­ha­vi­our­al and struc­tur­al rem­ed­ies, e.g. the di­vestit­ure of (parts of) a busi­ness.   What are the next steps? The European Par­lia­ment and Mem­ber States will dis­cuss the Com­mis­sion’s pro­pos­al ac­cord­ing to the or­din­ary le­gis­lat­ive pro­ced­ure, which will take at least 18 months. Once ad­op­ted, the Act will dir­ectly ap­ply across the EU and the core plat­form ser­vice pro­viders will have six months to pre­pare for the new leg­al re­gime.We will con­tinu­ously mon­it­or the status of the le­gis­lat­ive pro­cess and keep you up­dated on any changes to the draft text of the DMA.
31/03/2021
CMS ad­vises IN­DUS Hold­ing AG on suc­cess­ful cap­it­al in­crease
Co­logne – SDAX-lis­ted IN­DUS Hold­ing AG has suc­cess­fully car­ried out a cap­it­al in­crease amount­ing to around 10% of its share cap­it­al, mak­ing par­tial use of au­thor­ised cap­it­al. The new shares were placed...
31/03/2021
CMS ad­vises Edenred on stra­tegic part­ner­ship with Be­lo­nio
Mu­nich – Edenred Deutsch­land GmbH has partnered with Be­lo­nio GmbH, a di­git­al plat­form for em­ploy­ee be­ne­fits in small and me­di­um-sized en­ter­prises, as a minor­ity share­hold­er and stra­tegic part­ner for...
30/03/2021
CMS ad­vises NFON AG on suc­cess­ful cap­it­al in­crease
Frank­furt/Main – Mu­nich-based NFON AG has placed 1,505,555 shares with in­sti­tu­tion­al in­vestors in an ac­cel­er­ated book­build­ing pro­cess at a place­ment price of EUR 17.50 per share. The com­pany, which...
30/03/2021
CMS ad­vises growth PE fund Ca­dence Growth Cap­it­al on fol­low-on in­vest­ment...
Ber­lin – Growth PE fund Ca­dence Growth Cap­it­al (CGC) has in­creased its stake in dent­al align­er pro­vider Sun­shine Smile GmbH (Plus­Dent­al). CGC par­ti­cip­ated in a EUR 35 mil­lion fin­an­cing round. Fur­ther...
29 March 2021
EDPS & EDPB re­lease joint opin­ion on the Data Gov­ernance Act
On 10 March 2021, the EDPB and the EDPS re­leased their joint opin­ion on the Data Gov­ernance Act (DGA), the European Com­mis­sion’s Pro­pos­al for a Reg­u­la­tion on European data gov­ernance. The DGA is an...
26/03/2021
Private equity pan­el 2021/I sur­vey by CMS and Fin­ance: Mar­ket on the up­turn...
Frank­furt/Main – Des­pite the on­go­ing pan­dem­ic and a mixed last year, the private equity in­dustry is un­der­go­ing a renais­sance. 2021 looks set to be a strong year for private equity trans­ac­tions in­volving...
26 March 2021
Oil & Gas / Ship­ping – The Ever Giv­en
The Suez Canal opened in 1869. Along with the Panama Canal, it is one of the most im­port­ant mari­time “short­cuts” ever built. Today, the canal is 193km (120 miles) long and is one of the busiest wa­ter­ways...