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: Schweizerische Zivilprozessordnung (Art. 1–352 ZPO sowie Art. 400–408 ZPO)</div>

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Europarecht

In Fragen und Antworten

Schriften zum Unternehmens- und Kapitalmarktrecht

When a natural person engages in insider dealing or commits market manipulation, they can be held liable for it. But what applies in this regard to legal persons? The Market Abuse Regulation (MAR), which sets out the prohibitions on market abuse in Articles 14 and 15 MAR, contains no explicit statement on this matter. Carl Alexander Strobel first demonstrates that, in principle, the applicable legal framework is not national law but exclusively Union law. In this respect, the MAR contains a legal gap. This gap may be filled by the CJEU through judicial development of the law. The aim of such judicial development must be a framework that achieves the best possible balance between the effectiveness of the prohibitions and the protected interests of legal persons. Accordingly, violations of the market abuse prohibitions are attributable to a legal person when the acting natural person is subject to the legal person's organisational authority and the violation occurs "on its behalf ". There are also strong arguments that liability should be excluded where the legal person has implemented adequate preventive measures. These conditions generally apply whenever the question arises whether a legal person has violated Articles 14 et seq. MAR. The exception concerns the imposition of administrative fines on legal persons, for which national law must be applied in compliance with the requirements of Directive 2014/57/EU (CRIM-MAD).

Die Verantwortlichkeit juristischer Personen für Marktmissbrauch

Rechtsvergleichung und Rechtsvereinheitlichung

This volume contains all the papers presented during the working session of the Section for Comparative Commercial and Business Law at the 39th Conference of the German Society for Comparative Law in Berlin. Today, the European Union (EU) and the Organisation pour l'harmonisation en Afrique du droit des affaires (OHADA) are the two most integrated supranational organisations in the world. On the one hand, OHADA was institutionally modelled on the EU. But on the other hand, based on an essentially French legal tradition, OHADA was able to go much further in the unification of commercial law, as evidenced by meanwhile eleven Uniform Acts relating to principally all aspects of commercial law. 140 years after the beginning of the so-called Berlin Conference concerning the Scramble for Africa this comparative approach also reflects the paradigm shift in the relationship between Europe and Africa.

Perspectives of a Mutual Influence in Commercial Law

Model EU and Pattern OHADA?

Mitte 2026 treten die neuen europäischen Asylregeln in Kraft. In ihrem Anwendungsbereich haben sie Vorrang vor nationalen Regelungen. Alle Verfahrensbeteiligten müssen das neue Recht sicher beherrschen.

Der neue NK-GEAS bietet eine Komplettkommentierung der relevanten Richtlinien und Verordnungen:
<li>Aufnahmerichtlinie 2024, VO (EU) Nr. 2024/1346
</li><li>Qualifikationsverordnung, VO (EU) Nr. 2024/1347
</li><li>Asylverfahrensverordnung, VO (EU) Nr. 2024/1348
</li><li>Grenzrückführungsverordnung, VO (EU) Nr. 2024/1349
</li><li>Asyl- und Migrationsmanagementverordnung, VO (EU) Nr. 2024/1351
</li><li>Screening-Verordnung, VO (EU) Nr. 2024/1356
</li><li>Krisen-Verordnung, VO (EU) Nr. 2024/1359

Die Herleitung und systematische Stellung der jeweiligen Vorschrift, auch im Hinblick auf die Verzahnung mit den deutschen Vorschriften, wird Punkt für Punkt erläutert. Die detaillierten Kommentierungen nehmen Stellung zu allen absehbar strittigen Fragen und geben gezielte prozessuale Hinweise, wie die neuen Regelungen anzuwenden sind und wie sie sich auf die Verfahren auswirken. Maßstab ist dabei eine EU-konforme, an den Auslegungsprinzipien der primär- und verfassungsrechtlichen Vorgaben in der Auslegungspraxis der Europäischen Gerichte ausgerichtete Argumentation.

Der NK-GEAS bietet entscheidende Interpretationshilfen in allen Verfahrensschritten des Asylverfahrens. Migrationsbehörden, Migrationsberatungsstellen, NGO's, Anwaltschaft und Verwaltungsgerichte profitieren vom Wissen führender Migrationsexpert:innen.

Die Autorinnen und Autoren:
Julius Becker | Maria Bethke | Dr. Simone Böhne | Leonie Därr | Claire Deery | Viviana Di Bartolomeo | Julius Engel | Volker Gerloff | Simon Hagemann | Juliana Harper | Prof. Dr. Stephan Hocks | Prof. Dr. Constantin Hruschka | Manuel Kabis | Marcel Kasprzyk | Marcel Keienborg | Stefan Keßler | Josephine Koberling | Kerstin Müller | Berthold Münch | Robert Nestler | Matthias Nübold | Thomas Oberhäuser | Prof. Dr. Marei Pelzer | Prof. Dr. Dr. Max Pichl | Kristina Ratz | Eva Reichert | Oliver Röhr | Hans-Hermann Schild | Dr. Frank Schreiber | Lisa Steurer | Christoph Tometten | Jonas Weßling
</li>

AMMVO | AsylVfVO | AufnRL 2024 | GrenzRüFüVO | KrisenVO | QVO | ScreenVO

Gemeinsames Europäisches Asylsystem: GEAS

The European Union's Common Foreign and Security Policy (CFSP) has undergone a remarkable development. This transformation challenges its former intergovernmental reception and instead positions the CFSP as an integral part of the EU's supranational legal framework.

Zur Integration der Gemeinsamen Außen- und Sicherheitspolitik nach dem Vertrag von Lissabon

Supranationale Außenpolitik

Steuerwissenschaftliche Schriften

Das Normverhältnis zwischen Grundfreiheiten und Beihilferecht im Rahmen des Europäischen Steuerrechts

Das Recht der Europäischen Union 89. Ergänzungslieferung

Studien zum ausländischen und internationalen Privatrecht

In the European Union, the rules of international property law have not yet been harmonized, which is why the Member States continue to rely on their respective national regulations of private international law. Nina Fischer describes the difficulties this situation poses for the single market and the common legal area. She argues that the harmonization of international property law by the European Union is a necessary part of the solution. After providing an overview of the legal prerequisites for such harmonization and the approaches that already exist, a comparative analysis of the Member States' codifications of international property law serves to identify the key issues that any harmonization effort must address. This is followed by a concise discussion of the methods to be applied and the objectives pursued in the process of harmonization. The core of the study consists of comparative examinations of the Member States' codifications and other selected legal texts, as well as the ensuing discussions of possible solutions to the individual issues in light of the objectives previously outlined. Finally, the proposed regulation is presented in German, English, and French versions. The fundamental connecting factor remains the 
 situs
 (the place where the property is situated). This connecting factor is supplemented by a few narrowly defined exceptions. Within clearly delineated limits, party autonomy is permitted. A central feature of the proposal is a detailed regulation of the change of applicable law (
 statute change
 ).

Ein Vorschlag zur Rechtsvereinheitlichung

Internationales Sachenrecht in der Europäischen Union

Das Recht der Europäischen Union 88. Ergänzungslieferung

2025 marks a turning point in the regulation of Bitcoin, Stablecoins, and other crypto-assets with the entry into force of EU Regulation 2023/1114 on Markets in Crypto-Assets (MiCAR).

MiCAR creates the world's first comprehensive regulatory framework for the law of units of value based on distributed ledger technology (crypto-assets). Written in English, this book provides a detailed article-by-article commentary on each of the 149 provisions of MiCAR.
It serves as an indispensable guide to the new EU-wide requirements on, for instance: 
<li>transparency and disclosure
</li><li>authorisation and supervision
</li><li>protection of holders and clients

Key Benefits
</li><li>Article-by-Article approach
</li><li>Comprehensive and up-to-date
</li><li>Specialist authors

Target Audience
For in-house counsel, legal practitioners, banks and credit institutions, FinTechs, investment firms, crypto-asset service providers, (financial supervisory) authorities, courts, universities and higher education institutions.
</li>

Regulation (EU) 2023/114. Article-by-Article Commentary

Markets in Crypto-Assets Regulation (MiCAR)

Studien zum europäischen und deutschen Öffentlichen Recht

Ansgar Baumgarten develops the concept of "direct indirect implementation" as a new category of European administrative execution. This form of implementation describes situations in which EU authorities apply national implementation law in order to indirectly enforce EU law. For the first time, this mechanism enables the EU to apply national law that transposes directives or specifies options contained in regulations. In doing so, it closes an existing gap and ensures the uniform and effective enforcement of the underlying EU law. It marks a new stage in the Europeanization of administrative execution and strengthens the primacy and practical effectiveness of EU law. Article 291 TFEU does not limit the delegation of executive powers. Under the principle of subsidiarity, the EU may also act in the field of implementation insofar as enforcement deficits in the member states endanger the uniform application of EU law. The principle of democracy remains safeguarded, since administrative action rests on a dual democratic foundation-both at the EU and the member state level. Looking ahead, direct indirect implementation provides a tool for enhancing the effectiveness of EU administrative enforcement, for example in the areas of European migration and cybersecurity law. It links national lawmaking with EU-level enforcement and thereby expands the EU's capacity to act - also in the interests of the member states.

Zur Anwendung nationalen Rechts durch Unionsbehörden

Direkter mittelbarer Vollzug

Schriftenreihe des Instituts für Transport- und Verkehrsrecht

Das europäische Binnenschifffahrtsrecht beruht auf drei eigenständigen Regelungsrahmen, entwickelt von der Rheinkommission, der Donaukommission und der Europäischen Union. Das Buch erläutert ihre Grundlagen und zeigt Wege zu einer besseren Koordinierung auf. Es plädiert für ein Mehrebenen¿Governance¿Modell, das fest im EU¿Rahmen verankert ist, berufliche Pflichten vereinfacht und fairen Wettbewerb stärkt. Die Studie richtet sich an Leserinnen und Leser mit Interesse am Binnenschifffahrtsrecht und an den Beziehungen zwischen der EU und internationalen Organisationen. Sie stützt sich auf die zwanzigjährige Praxis der Autorin in Verwaltung und Berufsverbänden.

La cohabitation de trois modèles de coopération internationale

Droit européen de la navigation intérieure

Even before its launch, economists questioned whether the Euro Area had what it takes to become an optimal currency area. The onset of the crisis in 2010 confirmed challenges in its construction that many had partly predicted. But has the Euro Area changed over time, and what key drivers are necessary to strengthen it in the future?&nbsp;
 This is the third of three volumes that use optimal currency area theory and applied econometric techniques to provide a compact analysis of the Euro Area, its evolution and future perspectives. This volume is dedicated to a criterion often seen as critical for an optimal currency area: a risk-sharing mechanism. Did the Euro Area’s stabilization mechanisms work as intended? In this timely book, the authors discuss the extent to which the Euro Area has developed fiscal transfers, insurance schemes, and financial markets that allow its members to share macroeconomic risks and smooth asymmetric shocks. The book is of interest to a wide range of researchers in financial economics, macroeconomics and economic policy.&nbsp;


 Johannes Dreyer
 is Associate Professor at Roskilde University, Denmark. His fields of research include financial economics, macroeconomics, and the study of Optimal Currency Areas.
 Peter Schmid
 is Professor at FOM University of Applied Sciences, Germany and contract professor at the Free University of Bolzano, Italy. His fields of research include general business administration, economics, finance and entrepreneurship.

Risk Sharing and Fiscal Federalism

Optimal Currency Areas and the Euro, Volume III

Europarecht

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