18.11.2024

The fourth Augsburg-Johannesburg Conference on “On the Fourth Industrial Revolution - Legal Perspectives from Germany and South Africa” took place in South Africa from October 8-13, 2023. The presentations were compiled into conference proceedings, which have now been published as vol. 94 of the Augsburg Legal Studies series

14.08.2024

The 19th Augsburg Summer Program on European and International Economic Law took place from June 10 to July 19, 2024. We welcomed participants from eight different countries. (...)

06.02.2024

In Volume 19 of the Capital Markets Law Journal (CMLJ) Professor Möllers' article "Auditors report and the German Capital Markets Model Case Act (KapMuG) - legal consequences for EY in the Wirecard scandal" deals with the accounting fraud and ensuing insolvency of Wirecard which have had an enormous impact. Claims from aggrieved investors are now before the courts. As the listed company is insolvent, many claims have instead been lodged against its auditors, EY. Within this framework, the cases should be joined together where possible. Several Regional Courts have rejected the material scope of application of the Capital Markets Model Case Act (KapMuG), but the Third Chamber of the Regional Court of Munich I (LG) has opened proceedings under the Act. This requires the auditors report on the company's annual financial statements to qualify as “public capital market information” pursuant to Section 1(2) of the Act. Because the issue has not yet been discussed, arguments created by legal reasoning must be used to clarify whether claims for damages against the auditors report can be made the establishment objective of proceedings under the Act.