You would like to make life easier for your HR department by obtaining prompt legal advice as and when needed? Or perhaps you would like to restructure certain aspects of your remuneration policy, or other terms and conditions of employment in your company? We provide advice and guidance in all areas of individual employment law and collective labour law. Our specialised lawyers and experts will support you through the entire process – from an analysis of your legally and realistically possible options through to structuring and strategic planning, and ending with successful implementation. We are also your first port of call when it comes to questions regarding existing payroll structures or for designing new payroll systems, including those which involve wage regulation.
We offer competent advice tailored to your needs, provided by a team which is assembled flexibly to address your specific requirements. Here at GSK Stockmann, colleagues from Corporate, Tax, Finance, Financial Regulation, Restructuring & Insolvency, Compliance and Data Protection work hand in hand so that you can benefit from our extensive and broad spectrum of expertise. We look at your concerns not only from a legal viewpoint, but also from a business perspective. This enables us to offer valuable, excellent legal advice based on a solid understanding of you and your company – and, working together, to develop the best possible strategy and solution.
We draft or update your HR-related document templates so that your work consistently builds on the very best legal foundation. If you are engaged in national or international projects, transactions or restructuring, we will come alongside you with our expert advice and help you achieve your business goals. For example, we negotiate with executive boards, CEOs, employees, works councils and staff committees,
and represent your interests effectively during arbitration procedures or in court. We also offer in-house workshops and presentations for your employees to promote awareness and competency for topics which are relevant to your company. We have particular expertise in the following areas:
Following the financial crisis and the regulations that followed in its wake, the German government has cracked down and taken considerable steps to regulate the salaries of employees in the finance industry. One of the triggers that sparked the global financial crisis of 2008/2009 was deemed to be remuneration policies which focus on short-term profits and reward successes without paying sufficient attention to – or penalising – failure. As such, European (and German) legislation has taken a close look at compensation and benefits for employees and CEOs who work in the financial services sector. Remuneration for virtually every action on the finance market is now regulated by parliament and by the Federal Financial Supervisory Authority (BaFin), who in turn are implementing the corresponding EU
guidelines and regulations. Today, the legal framework for compensation & benefit systems used by banks and companies in the financial services sector is shaped largely by the Remuneration Ordinance for Institutions, AIFM guidelines and MiFID II/MaComp guidelines, some of which have been adopted in national legislation. More and more national and international regulations are being enforced to regulate this area. Thus, it is vital that companies retain a good overview of the regulations they need to take into account. We have particular expertise in the following areas: