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Axel Funk

As seen in: Lexology
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Articles by Axel Funk

Business now feeling the effects of GDPR in M&A transactions | Lexology

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By Axel Funk, Tobias Grau, CMS Germany
| Lexology Verified
European Union October 24 2019 Automotive, healthcare and financial services are prime examples of sectors that are undergoing rapid digital change. This transformation in the digital environment is causing business models to be radically altered or replaced by other models, but few areas are undergoing more change in this digital area than Merger & Acquisition (M&A) transactions. How is M&A being impacted?
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Germany's data protection authorities hand down a decision on M&A and GDPR | Lexology

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By Tobias Grau, CMS Germany, Axel Funk, Lena Stoll
| Lexology Verified
European Union, Germany July 18 2019 Decision of the DSK In its recent decision, the DSK identifies the following case groups to provide guidance when dealing with data in the context of an asset deal: Customer data for active contracts To execute the transfer of a contract, German civil law requires the consent of the contracting party. The DSK considers the data protection law consent for the transmission of data implicit in the civil law consent given for the transfer of the contract.
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