Die Offenlegung von Insiderinformationen in der Arbeitnehmervertretung

'The Disclosure of Inside Information in Employee Representation': The disclosure of inside information is a legal minefield that affects board members, employee representatives and their advisors. According to Article 14(c) of the European Market Abuse Regulation (MAR), disclosure of inside information is generally prohibited unless it occurs in the ¿normal course of business¿ (Article 10(1) MAR). The aim is to ensure equal treatment of all investors until the information is made public. In this narrow time window, communication, for example with employee representatives, can be crucial. The study analyses the term ¿normal course of business¿ and proposes ways to combine market efficiency and effective employee representation.