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Johannes Wolz LL.M.

Author's details

Name: Johannes Wolz LL.M.
Date registered: December 23, 2013

Latest posts

  1. Mass dismissal with continued employment — September 10, 2014
  2. Fake application failed to uncover age discrimination — May 23, 2014
  3. Financial services remuneration: New year, new rules — January 30, 2014
  4. Financial services bonus cap (Sec. 25a KWG): More work to be done? — January 16, 2014

Author's posts listings

Mass dismissal with continued employment

Terminations with changes to terms of employment (Änderungskündigungen) are redundancies in terms of sec. 17 of the German Dismissal Protection Act (Kündigungsschutzgesetz, KSchG) and may require the prior notification of the Employment Agency (Bundesagentur für Arbeit) according to a judgment of the Federal Labour Court (Bundesarbeitsgericht, BAG) dated February 20, 2014 (docket number: 2 AZR …

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Fake application failed to uncover age discrimination

The mere fact that there is an age difference between two job applicants who were treated differently does not necessarily indicate age discrimination.  For there to be an indication of discrimination, the two applicants must have comparable qualifications.   A job applicant, who clearly only applied for a position with the intention of claiming damages for …

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Financial services remuneration: New year, new rules

New international banking standards (Basel III / CRD IV) came into effect in Germany and across Europe on January 1, 2014. Whilst most of the new rules relate to banking supervision, there are some important employment law implications, in particular a new Remuneration Ordinance relating to the remuneration of employees and managers of financial institutions …

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Financial services bonus cap (Sec. 25a KWG): More work to be done?

As of January 1, 2014, the variable compensation of employees and managers of financial institutions in Germany generally cannot exceed 100 % of base salary according to the new Section 25a of the German Banking Act (Kreditwesengesetz/ KWG). The German Federal Financial Supervisory Authority (BaFin) reviewed bonus practices at 14 financial institutions in 2013 (before …

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