Wildanger

Wildanger Kehrwald Graf v. Schwerin & Partners now a partnership with limited professional liability under German law (PartGmbB)

Since January 21, 2014, Wildanger Kehrwald Graf v. Schwerin & Partners is a partnership with limited professional liability under German law (abbreviated PartGmbB). This type of partnership (PartG) has been introduced by the German legislator through an amendment of the German law on professional partnerships, called „Partnerschaftsgesellschaftsgesetz“ (PartGG): The PartGG has been amended by the “Gesetz zur Einführung einer Partnerschaftsgesellschaft mit beschränkter Berufshaftung und zur Änderung des Berufsrechts der Rechtsanwälte, Patentanwälte, Steuerberater und Wirtschaftsprüfer”; it came into effect on July 19, 2013. The professional liability of a PartGmbB is limited to the partnership assets.

The legislator requires a law firm, which decides to take on such type of a partnership, to conclude a professional liability insurance for the law firm, which contains a legally compulsory minimum sum insured for each event insured of EUR 2,5 million. The minimum sum insured so far was only EUR 250.000,00.

In the course of taking on the German type of a partnership with limited professional liability (PartGmbB) the name of our law firm has changed. Since January 21, 2014, its name is:

Wildanger Kehrwald Graf v. Schwerin & Partners mbB Rechtsanwälte

Wildanger – entscheidend anders.