German Federal Government Adopts Draft Bill on Associations Sanctions Act

German Federal Government Adopts Draft Bill on Associations Sanctions Act

June 25, 2020, Covington Alert

The German Federal Government has adopted the draft of a German Associations Sanctions Act ("VerSanG-E") which now bears the name "Law to strengthen integrity in business". The Federal Government has thus adopted the draft bill of 22 April 2020 proposed by the German Federal Ministry of Justice and Consumer Protection (BMJV) without any changes. Parliament (Bundestag) and the Representation of the German Federal States (Bundesrat) will now discuss the draft law and are expected to adopt it without major changes.