GERMANY S DIGITAL HEALTHCARE MARKET

Size: px
Start display at page:

Download "GERMANY S DIGITAL HEALTHCARE MARKET"

Transcription

1 GERMANY S DIGITAL HEALTHCARE MARKET MEDICA 2017 Julia Pietsch Manager Healthcare

2 Who we are Foreign trade and inward investment agency of the Federal Republic of Germany Shareholder Germany Trade & Invest 2

3 What we do International marketing of Germany as a business and technology location Economic promotion of the new federal states and Berlin Business location consultancy services for international investors Export market information for the German economy Germany Trade & Invest 3

4 Our Services Individual Consulting Market and industry reports Market entry analyses Tax and legal information Funding and financing Partnering Site selection All publications and all our services are free of charge Germany Trade & Invest 4

5 We are on the spot for you worldwide ensuring that you receive competent support. Chicago New York San Francisco Toronto Washington D.C. Buenos Aires Bogotá Mexico City Santiago de Chile Sao Paulo Athens Brussels The Hague Helsinki London Madrid Milan Paris Stockholm Berlin Bonn Accra Johannesburg Cairo Nairobi Tunis Jerusalem Almaty Belgrade Budapest Bucharest Kiev Dubai Istanbul Moscow Prague Warsaw Zagreb Sydney Bangkok Beijing Hanoi Hong Kong Jakarta Kuala Lumpur Mumbai New Delhi Seoul Shanghai Taipeh Tokyo Germany Trade & Invest 5

6 Healthcare Market Germany One of Germany s largest growth markets at a glance 82.2 million inhabitants 112 public and 44 private health insurance companies 9 million people privately insured 70 million people have public health insurance Source: Statistisches Bundesamt 2017; Bundesministerium für Gesundheit 2017, Bundesvereinigung Deutscher Apothekerverbände e. V.2017 EUR 344 billion healthcare expenditure 11.3% of GDP 3.4% p.a. growth rate healthcare sector 380,000 practitioners 1951 hospitals with 500,000 beds 20,000 pharmacies 2.3 million other healthcare professionals 6 million people are employed in the German healthcare industry Germany Trade & Invest 6

7 Health Insurance Germany achieves almost universal health insurance coverage Types of health insurance in Germany Private health insurance 8.8 million 10.7% Public health insurance 70.7 million 86.1% 82.2 million inhabitants Other 2.7 million 3.2% Voluntarily insured 5.9 million Pensioners 16.7 million Family members of insured 15.6 million Mandatorily insured 32.5 million Health insurance coverage is mandatory in Germany. Both publicly and privately insured can choose their provider. Number of health insurance companies (2017): - 44 private public Source: Verband der Ersatzkassen e. V. (vdek) 2017 Germany Trade & Invest 7

8 The German Hospital Sector The share of privately owned hospitals continues to rise Number of hospitals and ownership 2016 Share of hospital ownership public 29.2% private 36.2% 45% 40% 35% 30% 25% 41.8% 40.6% 1,951 20% Hospitals 17.6% 15% 10% 35.8% 34.7% 29.5% charity based 34.6% 5% 0% private charity based public Source: German Hospital Federation 2017 Source: German Hospital Federation 2017 Germany Trade & Invest 8

9 Demographic Challenges Growing demand for healthcare services drives the development of digital healthcare solutions in Germany Aging Society 2035: 24 million people aged 65 years or older (31 percent of the population) Care Dependency 2020: 2.5 to 3 million 2050: 3.25 to 4 million Chronic Diseases Chronic and long-term diseases account for about 80 percent of German healthcare spending (EUR 200 billion) Within 14 years the number of people with diabetes mellitus has risen from 5.8 to 7.2 million people Source: DB Research 2010, Statista 2014, Statistische Bundesamt 2014 Germany Trade & Invest 9

10 E-Health Act 2016 Secure Digital Communication and Applications in Healthcare 2016 The E-Health Act became effective January 1st. From October on, patients are entitled to receive a medication plan A reimbursement scheme will be introduced for tele-consulted X-ray diagnosis (from April on) and video consultation (from July on) The medication plan will be accessible electronically through the Electronic Health Card. Emergency data can be stored on Electronic Health Card. Patients can store their own data (e.g. fitness data) in a patient file. Gematik has to lay the foundation for the usage of the patient file with the Electronic Health Card to ensure that patient can access their data also outside of the doctor s office. Source: Bundesverband Gesundheits-IT bvitg e.v. 2016, gematik GmbH 2016 Germany Trade & Invest 10

11 Telemedicine Networks in Germany Germany has a dense network of certified stroke units and tele-stroke units Certified stroke units Telemedicine networks There are about 276 hospitals with certified stroke unites. Telemedicine enables the connection of local hospitals and bigger hospitals with strokes units. Tele-stroke units complement high quality and comprehensive medical care of stroke cases in rural areas. Source: DGTelemed 2015 Germany Trade & Invest 11

12 Growth Market M(obile)Health The German mhealth market will grow to around EUR 3 billion in 2017 Development of the mhealth market in Germany through 2017 (in EUR million) Advertisment Distribution & Transaction Services Software Hardware Source: A.T. Kearney 2013 Germany Trade & Invest 12

13 German Digital Health Companies Smart solutions for the healthcare system Selected digital health companies in Germany Cologne / Düsseldorf Arya Medando Better Doc Anamneseguide Fitogram Hamburg Enpevita Novego SquareMed Tinnitracks OneLife North-Rhine Westphalia Rheinland- Pfalz Schleswig- Holstein Hamburg Bremen Niedersachsen Hessen Saxony- Anhalt Thuringia Mecklenburg- Vorpommern Brandenburg Berlin Saxony Berlin Clue Jourvie Klara MachtFit Dresden Caterna Sehschule Was hab ich Medexo MedX Memorado NeuroNation Rhein / Main Vitaphone Saarland Baden- Württemberg Bavaria Munich BodyTel SOMA Analytics smartpatient smartreporting Source: HealthBytes 2015 Germany Trade & Invest 13

14 Contact Us Germany Trade & Invest is the economic development agency of the Federal Republic of Germany. The company helps create and secure extra employment opportunities, strengthening Germany as a business location. With more than 50 offices in Germany and abroad and its network of partners throughout the world, Germany Trade & Invest supports German companies setting up in foreign markets, promotes Germany as a business location and assists foreign companies setting up in Germany. Contact Berlin Bonn Julia Pietsch Friedrichstraße 60 Villemombler Straße 76 T +49 (0) Berlin Bonn julia.pietsch@gtai.com Supported by the Federal Ministry for Economic Affairs and Energy on the basis of a decision by the German Bundestag. Germany Trade & Invest All market data provided is based on the most current market information available at the time of publication. Germany Trade & Invest accepts no liability for the actuality, accuracy, or completeness of the information provided. 14

THE GERMAN HEALTHCARE MARKET

THE GERMAN HEALTHCARE MARKET THE GERMAN HEALTHCARE MARKET JULY 2018 Dr. Marcus C. Schmidt Director Chemicals & Healthcare www.gtai.com Healthcare Market Germany One of Germany s largest growth markets at a glance: 3.7% size of China

More information

Commerzbank AG Medium- and Long-Term Export Finance The best instruments to finance the import of capital goods to Iraq

Commerzbank AG Medium- and Long-Term Export Finance The best instruments to finance the import of capital goods to Iraq Commerzbank AG Medium- and Long-Term Export Finance The best instruments to finance the import of capital goods to Iraq The current market situation The need for ECA-financing increased and we see considerably

More information

German Medical Association

German Medical Association German Medical Association Federation of the German Chambers of Physicians The German Health Care System Workshop of the Serbian Medical Chamber 08 February 2018 Dr. Ramin Parsa-Parsi Head of the Department

More information

USDA Foreign Agricultural Service

USDA Foreign Agricultural Service USDA Foreign Agricultural Service Janet Nuzum Associate Administrator North American Meat Institute November 3, 2015 FAS At A Glance FAS links U.S. agriculture to the world to enhance export opportunities

More information

This Is Commerzbank. An Overview. Commerzbank AG Group Communications Frankfurt, 8 February 2018

This Is Commerzbank. An Overview. Commerzbank AG Group Communications Frankfurt, 8 February 2018 This Is Commerzbank An Overview Commerzbank AG Group Communications Frankfurt, 8 February 2018 Agenda 1 Facts and Figures page 2 5 2 Board of Managing Directors page 6 3 Strategic Positioning page 7 4

More information

Financing Business - Bank Partnering in Vietnam. CEEC Breakfast Meeting

Financing Business - Bank Partnering in Vietnam. CEEC Breakfast Meeting Financing Business - Bank Partnering in Vietnam CEEC Breakfast Meeting 21.09.2017 Agenda 1 Commerzbank Introduction Slide 2 2 Bank Partnering Concept Slide 8 3 Techcombank Introduction Slide 11 1 1 Commerzbank

More information

DFG form /18 page 1 of 5. Business Travel Accident Insurance for Travel at the Invitation of the DFG

DFG form /18 page 1 of 5. Business Travel Accident Insurance for Travel at the Invitation of the DFG form 71.02 07/18 page 1 of 5 Guidelines Business Travel Accident Insurance for Travel at the Invitation of the The relies on the support of researchers in various ways, e.g. as reviewers or as members

More information

Debt barometer 1st quarter 2016: Continued decline in private insolvencies - the numbers are rising in five German states

Debt barometer 1st quarter 2016: Continued decline in private insolvencies - the numbers are rising in five German states Debt barometer 1st quarter 2016: Continued decline in private insolvencies - the numbers are rising in five German states 1. Overview: Low unemployment and rising real incomes provide less private insolvencies

More information

Global Real Estate Outlook

Global Real Estate Outlook Global Real Estate Outlook Jeremy Kelly Global Research David Green-Morgan Global Capital Markets Research 7 August 2014 Global Real Estate Market Outlook Jeremy Kelly Director, Global Research Jeremy.Kelly@eu.jll.com

More information

Remuneration voting 2015 AGM season. CA Brochure_Remuneration Voting (Dinesh Rajan).indd 1

Remuneration voting 2015 AGM season.   CA Brochure_Remuneration Voting (Dinesh Rajan).indd 1 Remuneration voting 2015 AGM season CA1510026 - Brochure_Remuneration Voting (Dinesh Rajan).indd 1 2 Remuneration voting 2015 AGM season Allen & Overy LLP 2015 CA1510026 - Brochure_Remuneration Voting

More information

Global. Real Estate Outlook. Jeremy Kelly Global Research. David Green-Morgan Global Capital Markets Research

Global. Real Estate Outlook. Jeremy Kelly Global Research. David Green-Morgan Global Capital Markets Research Global Real Estate Outlook Jeremy Kelly Global Research David Green-Morgan Global Capital Markets Research Ben Breslau Director of Research, Americas 7 th February 2013 Global Real Estate Outlook Road

More information

DC flexibility: providing DC access through external providers.

DC flexibility: providing DC access through external providers. DC flexibility: providing DC access through external providers www.allenovery.com DC flexibility: providing DC access through external providers March 2015 Background Many schemes and sponsors are being

More information

MiFID II 18 January MiFID II

MiFID II 18 January MiFID II MiFID II 18 January 2017 1 MiFID II Suitability December 2016 MiFID II 18 January 2017 1 Key Points A specific requirement to take the client's ability to bear losses and risk tolerance into account when

More information

MiFID II 31 December MiFID II

MiFID II 31 December MiFID II MiFID II 31 December 2016 MiFID II Appropriateness December 2016 MiFID II 31 December 2016 1 Key Points Appropriateness assessments will be applied to new types of complex investments. New record-keeping

More information

TAX ALERT. Royal Decree-Law 3/2016, of December 2, which adopted the tax measures to consolidate public finance and other urgent social measures

TAX ALERT. Royal Decree-Law 3/2016, of December 2, which adopted the tax measures to consolidate public finance and other urgent social measures Baker & McKenzie Madrid, S.L.P. Paseo de la Castellana, 92 Madrid 28046 Spain Tel: +34 91 230 4500 Fax: +34 91 391 5149 www.bakermckenzie.com Baker & McKenzie Barcelona, S.L.P. Av. Diagonal, 652 - Edif.

More information

Will Rising Interest Rates Pummel Your Portfolio?

Will Rising Interest Rates Pummel Your Portfolio? Will Rising Interest Rates Pummel Your Portfolio? ULI Fall Meeting Chicago - November 2013 Dr. Richard Barkham, MRICS Global Research Director, Grosvenor Group Eileen Marrinan, CRE Director of Research,

More information

Bank of Ireland Hotel Sector Briefing

Bank of Ireland Hotel Sector Briefing Bank of Ireland Hotel Sector Briefing 29 th November 2018 Sarah Duignan Director, Client Relationships sduignan@str.com 2018 STR, Inc. All Rights Reserved. Any reprint, use or republication of all or a

More information

MiFID II 31 December MiFID II. Third country access

MiFID II 31 December MiFID II. Third country access MiFID II 31 December 2016 1 MiFID II Third country access December 2016 MiFID II 31 December 2016 1 Key Points MiFID II will allow third country (i.e. non-eu) firms to provide cross-border services in

More information

2016 FULL YEAR RESULTS. February 28th, 2017

2016 FULL YEAR RESULTS. February 28th, 2017 2016 FULL YEAR RESULTS February 28th, 2017 INTRODUCTORY MATERS Forward-Looking Information This document contains certain forward-looking statements which speak only as of the date on which they are made.

More information

Every cent counts: China slashes certain IP application fees. April 2017

Every cent counts: China slashes certain IP application fees. April 2017 Every cent counts: China slashes certain IP application fees April 2017 Every cent counts: China slashes certain IP application fees April 2017 1 Every cent counts: China slashes certain IP application

More information

Opportunities for Action in Financial Services. Crafting New Approaches to Offshore Markets

Opportunities for Action in Financial Services. Crafting New Approaches to Offshore Markets OffshoreMarkets 12/8/03 2:55 PM Page 1 Opportunities for Action in Financial Services Crafting New Approaches to Offshore Markets Crafting New Approaches to Offshore Markets The European offshore-wealth

More information

MiFID II 31 December MiFID II

MiFID II 31 December MiFID II MiFID II 31 December 2016 MiFID II Information to clients about investment advice and financial instruments December 2016 MiFID II 31 December 2016 1 Key Points Firms will be required to give additional

More information

MiFID II 31 December MiFID II

MiFID II 31 December MiFID II MiFID II 31 December 2016 2 MiFID II Safeguarding of client assets December 2016 MiFID II 31 December 2016 1 Key Points Firms will be required to appoint a single officer with specific responsibility for

More information

Firms will be required to appoint a single officer with specific responsibility for client assets

Firms will be required to appoint a single officer with specific responsibility for client assets MiFID II Safeguarding of client assets Key Points Firms will be required to appoint a single officer with specific responsibility for client assets Title transfer collateral arrangements ("TTCAs") will

More information

Update: 31/01/14, EN. Panel Statistics

Update: 31/01/14, EN. Panel Statistics Update: 31/01/14, EN Panel Statistics Content Introduction...3 1. Germany: Overview...4 2. Germany: Human medicine...5 2.1 Distribution by professional group: Physicians with private practices vs. clinicians...

More information

MiFID II Best execution and client order handling

MiFID II Best execution and client order handling 2015 MiFID II Best execution and client order handling Key Points The definition of trading venue will include the new MiFID II concept of an organised trading facility A firm's obligation to take steps

More information

Supplemental Information Second-Quarter 2013 Earnings Call

Supplemental Information Second-Quarter 2013 Earnings Call Supplemental Information Second-Quarter 2013 Earnings Call Market & Financial Overview Q2 Capital Markets & Leasing Markets Volumes Strong Q2 for Capital Markets Q2 2013 v. Q2 2012 Market Volumes Capital

More information

International Swaps and Derivatives Association, Inc.

International Swaps and Derivatives Association, Inc. Allen & Overy LLP MEMORANDUM To Peter Werner Graham Bryant International Swaps and Derivatives Association, Inc. From Our ref Richard Tredgett RPT/0030047-0001105 ICM:27517080.4 Date 19 September, 2017

More information

Saudi Arabia opens Stock Market to Foreign Investors. May 2015

Saudi Arabia opens Stock Market to Foreign Investors. May 2015 Saudi Arabia opens Stock Market to Foreign Investors May 2015 2 Saudi Arabia opens Stock Market to Foreign Investors May 2015 Following the restriction on direct ownership of securities listed on the Saudi

More information

Updated: February Panel Statistics

Updated: February Panel Statistics Updated: February 2016 Panel Statistics Index Introduction 3 1 DocCheck panel Germany: Overview 4 2 DocCheck panel Germany: Physicians 5 2.1 Distribution by disciplines: Physicians with private practice

More information

What is executive remuneration in high definition?

What is executive remuneration in high definition? Executive remuneration in high definition Article one a high definition approach to relative TSR Our latest series of papers turns a high definition lens to different aspects of executive reward. This

More information

1. Overview: Corporate insolvencies have fallen to their lowest level since 1999

1. Overview: Corporate insolvencies have fallen to their lowest level since 1999 Corporate insolvencies have fallen by 6.2 percent - Insolvency losses have increased by over 50 percent / men lead companies into insolvency almost twice as often a women 1. Overview: Corporate insolvencies

More information

Global Real Estate Transparency Index, 2018 Transparency in 158 Cities. Global Research

Global Real Estate Transparency Index, 2018 Transparency in 158 Cities. Global Research Global Real Estate Transparency Index, 2018 Transparency in 158 Cities Global Research 2 Transparency in 158 Cities 2018 Real estate transparency - a key ingredient of city success Recent JLL research

More information

The Act Amending the Right of Inquiry

The Act Amending the Right of Inquiry The Act Amending the Right of Inquiry Further information If you would like further information on any aspect of the Act amending the right of inquiry please contact a person mentioned below or the person

More information

Our Structured and Asset Finance practice. allenovery.com

Our Structured and Asset Finance practice. allenovery.com Our Structured and Asset Finance practice Our Structured and Asset Finance practice Our Structured and Asset Finance practice in Germany Our German structured and asset finance (SAF) practice is recognised

More information

New Circular to Relax the Filing Process

New Circular to Relax the Filing Process New Circular to Relax the Filing Process for Foreign-Invested Real Estate Enterprises 31st July 2014 SPEED READ In June 2014, the Ministry of Commerce ( MOFCOM ) and the State Administration of Foreign

More information

Perspectives. Thinking Differently About Dividends

Perspectives. Thinking Differently About Dividends Perspectives Thinking Differently About Dividends Thinking Differently About Dividends Many senior executives view dividends as a low priority on the strategic agenda. They re wrong. The unique set of

More information

Global Real Estate Investments Opportunities and Risks in the Late Stage of the Cycle. Wolfgang Kubatzki, Managing Director, Scope Investor Services

Global Real Estate Investments Opportunities and Risks in the Late Stage of the Cycle. Wolfgang Kubatzki, Managing Director, Scope Investor Services Global Real Estate Investments Opportunities and Risks in the Late Stage of the Cycle Wolfgang Kubatzki, Managing Director, Scope Investor Services Global Real Estate Investments Current Situation Structural

More information

Arbitrability of IP Disputes in Russia

Arbitrability of IP Disputes in Russia Arbitrability of IP Disputes in Russia Date Natalia Gulyaeva Partner, Head of IP, Media and Technology Practice CIS IP Arbitration Pros? When does IP arbitration make sense? disputes related to IP license

More information

LBBW. Investor Presentation Preliminary Figures March 15, Landesbank Baden-Württemberg

LBBW. Investor Presentation Preliminary Figures March 15, Landesbank Baden-Württemberg LBBW Investor Presentation Preliminary Figures 2011 March 15, 2012 Landesbank Baden-Wrttemberg 1 Agenda 1. LBBW at a glance 02 08 2. Preliminary Figures 2011 09 16 3. Capital 17 18 4. Summary and Outlook

More information

May Global Growth Strategy

May Global Growth Strategy May 2012 Global Growth Strategy Jones Lang LaSalle Global Growth Strategy G1 G3 Build our local and regional leasing and capital markets businesses G5 Connections Capture the leading share of global capital

More information

HKMA reboots virtual banking. February 2018

HKMA reboots virtual banking. February 2018 HKMA reboots virtual banking February 2018 HKMA reboots virtual banking February 2018 1 HKMA reboots virtual banking On 6 February, 2018, the Hong Kong Monetary Authority (the HKMA ) published draft revisions

More information

Saudi Arabia opens Stock Market to Foreign Investors. May 2015

Saudi Arabia opens Stock Market to Foreign Investors. May 2015 Saudi Arabia opens Stock Market to Foreign Investors May 2015 2 Saudi Arabia opens Stock Market to Foreign Investors May 2015 Following the restriction on direct ownership of securities listed on the Saudi

More information

Corporate insolvencies drop 3.5% in 1st quarter - significant increase in bankruptcies in Saxony

Corporate insolvencies drop 3.5% in 1st quarter - significant increase in bankruptcies in Saxony Corporate insolvencies drop 3.5% in 1st quarter - significant increase in bankruptcies in Saxony 1. Introduction: Good conditions mean continued drop in number of corporate insolvencies New corporate insolvency

More information

Hospitality & Leisure Corporate Governance Snapshot

Hospitality & Leisure Corporate Governance Snapshot 2017 Hospitality & Leisure Corporate Governance Snapshot 2017 Hospitality and leisure corporate governance snapshot 1 header (section title) (remove when section header present) About Spencer Stuart board

More information

Supplemental Information Fourth Quarter 2011 Earnings Call

Supplemental Information Fourth Quarter 2011 Earnings Call Supplemental Information Fourth Quarter 2011 Earnings Call Market & Financial Overview Capital Values Q4 2010 Shanghai, Washington DC, London Singapore Q4 2011 Hong Kong Shanghai Beijing Milan, New York

More information

GCC Insurers at the Crossroads in 2012: Rebound or Collapse

GCC Insurers at the Crossroads in 2012: Rebound or Collapse GCC Insurers at the Crossroads in 2012: Rebound or Collapse Continuing declines in profit margins increase the urgency for GCC insurers to reassess operating models. A.T. Kearney s Insurance Profitability

More information

MIFID2 ASIAN FINANCIAL INSTITUTIONS BEST EXECUTION SEPTEMBER 2017

MIFID2 ASIAN FINANCIAL INSTITUTIONS BEST EXECUTION SEPTEMBER 2017 MIFID2 ASIAN FINANCIAL INSTITUTIONS BEST EXECUTION SEPTEMBER 2017 IS MIFID2 RELEVANT TO ME? Trading on EU trading venues Using an EU affiliate to book trades Providing services to / trading with EU clients

More information

All over now? Federal Parliament approves RETT blocker avoidance rules

All over now? Federal Parliament approves RETT blocker avoidance rules Ashurst Frankfurt June 2013 All over now? Federal Parliament approves RETT blocker avoidance rules Introduction The Federal Parliament (Bundestag) has approved the introduction of a new Section 1 para.

More information

Particular disclosure duties regarding the acquisition and disposal of participations in German banks and insurance companies.

Particular disclosure duties regarding the acquisition and disposal of participations in German banks and insurance companies. Particular disclosure duties regarding the acquisition and disposal of participations in German banks and insurance companies June 2012 Contents Page DISCLOSURE DUTIES REGARDING THE INTENTION TO ACQUIRE

More information

watsonwyatt.com Compensation Discussion and Analysis Scorecard

watsonwyatt.com Compensation Discussion and Analysis Scorecard Compensation Discussion and Analysis Scorecard The Securities and Exchange Commission s (SEC) proxy disclosure rules, effective for 2007 proxy filings, require extremely detailed and complicated disclosures

More information

MiFID II 31 December MiFID II

MiFID II 31 December MiFID II MiFID II 31 December 2016 1 MiFID II Recordkeeping and telephone and email recording December 2016 MiFID II 31 December 2016 1 Key Points Like MiFID I, MiFID II requires firms to keep records of transactions.

More information

Trade Risk Mitigation. Michelle Hui Managing Director Head of Trade and Supply Chain Finance - APAC BNY Mellon

Trade Risk Mitigation. Michelle Hui Managing Director Head of Trade and Supply Chain Finance - APAC BNY Mellon Trade Risk Mitigation Michelle Hui Managing Director Head of Trade and Supply Chain Finance - APAC BNY Mellon BNY Mellon Global Footprint BNY Mellon s global presence comprises a large network of branches,

More information

MiFID II 31 December MiFID II. Derivatives: trade execution

MiFID II 31 December MiFID II. Derivatives: trade execution MiFID II 31 December 2016 1 MiFID II Derivatives: trade execution December 2016 MiFID II 31 December 2016 1 Key Points MiFID II requires certain standardised derivative contracts to be traded through a

More information

MiFID II 31 December MiFID II

MiFID II 31 December MiFID II MiFID II 31 December 2016 MiFID II Underwriting and placing December 2016 MiFID II 31 December 2016 1 Key Points Firms must identify and prevent or manage conflicts of interest that may arise due to underwriting

More information

Introduction of a Uniform Outpatient Remuneration System in Germany - Models for System Transition. ihea 2013 Sydney, July 10, 2013

Introduction of a Uniform Outpatient Remuneration System in Germany - Models for System Transition. ihea 2013 Sydney, July 10, 2013 Introduction of a Uniform Outpatient Remuneration System in Germany - Models for System Transition ihea 2013 Sydney, July 10, 2013 Session: Paying Doctors Anke Walendzik, Jürgen Wasem, Gerald Lux, Lennart

More information

Beyond April 2015: action list for pension scheme trustees.

Beyond April 2015: action list for pension scheme trustees. Beyond April 2015: action list for pension scheme trustees www.allenovery.com Beyond April 2015 action list for pension scheme trustees Beyond April 2015: action list for pension scheme trustees Flexible

More information

Sal. Oppenheim European Financial Conference

Sal. Oppenheim European Financial Conference Sal. Oppenheim European Financial Conference Zurich November 20, 2007 Renato Fassbind, Chief Financial Officer Cautionary statement Cautionary statement regarding forward-looking and non-gaap information

More information

MiFID II. Inducements. Key Points

MiFID II. Inducements. Key Points MiFID II Inducements Key Points There will be further guidance on the meaning of the phrase "designed to enhance the quality of the service" (which is a pre-requisite for an inducement to be permitted

More information

MiFID II Information to clients on costs and charges

MiFID II Information to clients on costs and charges MiFID II Information to clients on costs and Key Points associated /ancillary services and financial instruments should be disclosed to clients. This encompasses a wider range of costs than were previously

More information

Everything you need to know about becoming an Insolvency Practitioner in the Slovak Republic. February

Everything you need to know about becoming an Insolvency Practitioner in the Slovak Republic. February Everything you need to know about becoming an Insolvency Practitioner in the Slovak Republic February 2014 www.allenovery.com 2 1_Introduction Performing the function of an insolvency practitioner (the

More information

MiFID II 31 December MiFID II. Commodity derivatives

MiFID II 31 December MiFID II. Commodity derivatives MiFID II 31 December 2016 1 MiFID II Commodity derivatives December 2016 MiFID II 31 December 2016 1 Key Points An expanded range of commodity derivatives will be brought within the scope of regulation.

More information

Perspectives. Managing Through the Lean Years

Perspectives. Managing Through the Lean Years Perspectives Managing Through the Lean Years Managing Through the Lean Years Remember the Pharaoh who dreamed about seven fat cows and seven lean cows? Joseph interpreted the dream to mean that Egypt would

More information

MiFID II 31 December MiFID II. Information to clients on costs and charges

MiFID II 31 December MiFID II. Information to clients on costs and charges MiFID II 31 December 2016 1 MiFID II Information to clients on costs and December 2016 MiFID II 31 December 2016 1 Key Points All costs and associated investment/ancillary services and financial instruments

More information

Contents. Introduction 4. Directors conflicts duties 4. What is a conflict? 5. Who can authorise? 6. Authorising conflicts 7

Contents. Introduction 4. Directors conflicts duties 4. What is a conflict? 5. Who can authorise? 6. Authorising conflicts 7 Directors conflicts of interests under the Companies Act 2006 Contents Introduction 4 Directors conflicts duties 4 What is a conflict? 5 Who can authorise? 6 Authorising conflicts 7 Practical steps for

More information

The Cost of Capital Navigator. The New Online Resource for Estimating Cost of Capital

The Cost of Capital Navigator. The New Online Resource for Estimating Cost of Capital The Cost of Capital Navigator The New Online Resource for Estimating Cost of Capital DUFF & PHELPS Duff & Phelps is the global advisor that protects, restores and maximizes value for clients in the areas

More information

Responding to Commercial Bribery Investigations What to Do When the Chinese Administration for Industry and Commerce (AIC) Arrives At Your Door

Responding to Commercial Bribery Investigations What to Do When the Chinese Administration for Industry and Commerce (AIC) Arrives At Your Door Responding to Commercial Bribery Investigations What to Do When the Chinese Administration for Industry and Commerce (AIC) Arrives At Your Door Eugene Chen Counsel, Hogan Lovells International LLP September

More information

Observations on US LNG Export Prospects in Latin America Eduardo Carvajal, Hogan Lovells US-Americas LNG Forum I, Rio de Janeiro, Brazil May 23, 2018

Observations on US LNG Export Prospects in Latin America Eduardo Carvajal, Hogan Lovells US-Americas LNG Forum I, Rio de Janeiro, Brazil May 23, 2018 Observations on US LNG Export Prospects in Latin America Eduardo Carvajal, Hogan Lovells US-Americas LNG Forum I, Rio de Janeiro, Brazil May 23, 2018 Discussion Map Hogan Lovells and LNG Capabilities Delfin

More information

Payment Services Academy

Payment Services Academy Payment Services Academy 2018 2 Hogan Lovells Payment Services Academy Our interactive digital training has been created by our industry-leading payments lawyers to help you and your teams comply with

More information

BREKO Broadband Study 2017

BREKO Broadband Study 2017 BREKO Broadband Study 2017 Market survey among BREKO members For the BREKO Broadband Study 2017, all BREKO network operators were interviewed (nationwide). The study comprises data from around 90% of all

More information

Employers pension consultation obligations

Employers pension consultation obligations Financial institutions Energy Infrastructure, mining and commodities Transport Technology and innovation Life sciences and healthcare Employers pension consultation obligations Briefing December 2017 Introduction

More information

Roundtable on Anti-Bribery and Anti- Corruption Compliance in Latin America Latin American Anti-Corruption Laws

Roundtable on Anti-Bribery and Anti- Corruption Compliance in Latin America Latin American Anti-Corruption Laws Roundtable on Anti-Bribery and Anti- Corruption Compliance in Latin America Latin American Anti-Corruption Laws Peter Spivack, Co-Chair, Investigations, White Collar and Fraud Practice Area Hogan Lovells

More information

Impact of a break up of the Eurozone on Credit Derivatives Transactions

Impact of a break up of the Eurozone on Credit Derivatives Transactions Allen & Overy LLP MEMORANDUM To From Our ref Kirsty Taylor David Benton Shruti Ajitsaria Edward Morphett DMB/SA/0010023-0016956 ICM:21318534.7 Date 30 March 2015 Subject Impact of a break up of the Eurozone

More information

Shareholders' Rights in a Russian Joint-Stock Company

Shareholders' Rights in a Russian Joint-Stock Company Shareholders' Rights in a Russian Joint-Stock Company Further information If you would like further information on any aspect of the issues described in this note please contact a person mentioned below

More information

Pensions Group. Employment & Benefits.

Pensions Group. Employment & Benefits. Pensions Group Employment & Benefits www.allenovery.com 2 Pensions Group Employment & Benefits Highly regarded team of pensions specialists with notable strength in handling the full range of pensions

More information

NDRC replaces approval regime with filing regime for foreign debt control and other legal updates from China

NDRC replaces approval regime with filing regime for foreign debt control and other legal updates from China 1 Briefing note September 2015 NDRC replaces approval regime with filing regime for foreign debt control and other legal updates from China Recent legal updates from China demonstrate a shift in the government's

More information

Derivatives: trade execution

Derivatives: trade execution 2016 MiFID II Derivatives: trade execution Key Points MiFID II requires certain standardised derivative contracts to be traded through a trading venue This obligation only applies to those classes of derivatives

More information

Hogan Lovells (Luxembourg) LLP. What do you know about us?

Hogan Lovells (Luxembourg) LLP. What do you know about us? Hogan Lovells (Luxembourg) LLP What do you know about us? Who is Hogan Lovells? Who is Hogan Lovells? Change is happening faster than ever. To stay ahead, you need to anticipate what s next. Whether that

More information

INVESTOR PRESENTATION

INVESTOR PRESENTATION INVESTOR PRESENTATION December 18, 2018 Mark Harris, Chief Financial Officer Julie Creed, VP, Real Estate & Investor Relations 0 1 SAFE HARBOR STATEMENT Our presentation may contain forward-looking statements.

More information

FSMA Consults on New Rules on the Marketing of Financial Products in Belgium and on Product Bans 1

FSMA Consults on New Rules on the Marketing of Financial Products in Belgium and on Product Bans 1 February 2014 FSMA Consults on New Rules on the Marketing of Financial Products in Belgium and on Product Bans 1 New information requirements and product ban on certain fund linked instruments being considered

More information

China extends foreign exchange cash pooling pilot programme to multinationals

China extends foreign exchange cash pooling pilot programme to multinationals China extends foreign exchange cash pooling pilot programme to multinationals nationwide 1 Briefing note May 2014 China extends foreign exchange cash pooling pilot programme to multinationals nationwide

More information

INVEST WITH A GLOBAL LEADER

INVEST WITH A GLOBAL LEADER INVEST WITH A GLOBAL LEADER Since 1947, our firm has been dedicated to delivering exceptional asset management for our institutional, retail, and high-net-worth clients. By bringing together multiple,

More information

IS YOUR TAX STRUCTURE

IS YOUR TAX STRUCTURE IS YOUR TAX STRUCTURE STATE AID PROOF? CONTENTS 1 2 3 4 5 6 What is EU State Aid? Do EU State Aid rules apply? Potential impact of EU State Aid rules What do you need to do? Meeting your needs DLA Piper

More information

Guide to becoming a self-employed lawyer

Guide to becoming a self-employed lawyer Guide to becoming a self-employed lawyer 2 Contents Legal consulting a new way of thinking 4 Peerpoint the right choice for you? 5 The basics of self-employment 6 Setting up and running a PSC 7 What next?

More information

Physician Payment Transparency Provisions of the Affordable Care Act Sunshine 101

Physician Payment Transparency Provisions of the Affordable Care Act Sunshine 101 Physician Payment Transparency Provisions of the Affordable Care Act Sunshine 101 Danielle Drissel, Associate February 19, 2013 Health/ Washington DC What is Sunshine? Deceptively simple: Applicable manufacturers

More information

Perspectives. The End of the Public Company As We Know It

Perspectives. The End of the Public Company As We Know It Perspectives The End of the Public Company As We Know It The End of the Public Company As We Know It The avalanche of initial public offerings in recent years has obscured an intriguing and potentially

More information

EMIR review. Client briefing. Article. Additional types of financial counterparty. Exemption from the clearing obligation for small FCs

EMIR review. Client briefing. Article. Additional types of financial counterparty. Exemption from the clearing obligation for small FCs Financial institutions Energy Infrastructure, mining and commodities Transport Technology and innovation Life sciences and healthcare EMIR review Client briefing Article May 2017 The European Commission

More information

ABS New Markets Japan

ABS New Markets Japan ABS New Markets Japan 2 ABS New Markets Japan Fact pattern This scenario considers a UK RMBS master trust structure (a UK SPV Issuer, ultimately backed by a pool of UK collateral) admitted to trading on

More information

Third Party Rights / Licence. Binding Framework. Negotiating Framework

Third Party Rights / Licence. Binding Framework. Negotiating Framework Structures for Group Procurement Operations This pack provides an overview of various structures which can be considered when establishing a group procurement operation It assumes that the operation may

More information

The Global Financial Centres Index 23

The Global Financial Centres Index 23 The Global Financial Centres Index 23 1 The Global Financial Centres Index 23 MARCH 2018 Financial Centre Futures 2 The Global Financial Centres Index 23 We are pleased to present the twenty-third edition

More information

Supplemental Information Earnings Call

Supplemental Information Earnings Call Supplemental Information Earnings Call Fourth-Quarter 2015 Market volume & outlook JLL Research Investment volumes remain solid; outlook steady Market Volumes Actual Forecast Capital Markets (1) LC USD

More information

Investors View. How Boards Can Prepare for the 2018 Proxy Season

Investors View. How Boards Can Prepare for the 2018 Proxy Season Board Services Investors View How Boards Can Prepare for the 2018 Proxy Season Boards looking ahead to the 2018 proxy season should prepare for unprecedented scrutiny. Institutional investors and activist

More information

Hotels & Hospitality Group December Hotel Investor Sentiment Survey

Hotels & Hospitality Group December Hotel Investor Sentiment Survey Hotels & Hospitality Group December 2015 Hotel Investor Sentiment Survey 2 Hotels & Hospitality Group December 2015 Global Major Gateways Highlights Global transaction volume is up 28% through YTD November

More information

The Global Green Finance Index 1 Summary Report

The Global Green Finance Index 1 Summary Report The Global Green Finance Index 1 Summary Report MARCH 2018 Foreword Introduction Over the last 24 years of conservation philanthropy, the MAVA Foundation has supported more than 850 projects to bring human

More information

Franklin Templeton Investments Our Global Perspective

Franklin Templeton Investments Our Global Perspective Greg Johnson Chief Executive Officer Franklin Resources, Inc. Franklin Templeton Investments Our Global Perspective Dealer Use Only / Not for Distribution to the Public World-Class Investment Management

More information

The Global Financial Centres Index 25

The Global Financial Centres Index 25 The Global Financial Centres Index 25 MARCH 2019 Financial Centre Futures In March 2007, Z/Yen released the first edition of the GFCI, which continues to provide evaluations of competitiveness and rankings

More information

HIPAA Privacy Rule and Research

HIPAA Privacy Rule and Research HIPAA Privacy Rule and Research Melissa Bianchi Partner February 24, 2014 Healthcare/Privacy Research Pre-January 2013 Under HIPAA, may use PHI for research with: an individual s written authorization

More information

SEC adopts requirement for disclosure of hedging policies for employees, officers, and directors

SEC adopts requirement for disclosure of hedging policies for employees, officers, and directors SEC Update January 24, 2019 This is a commercial communication from Hogan Lovells. See note below. SEC adopts requirement for disclosure of hedging policies for employees, officers, and directors On December

More information

Commerzbank: the partner of German Mittelstand. Workshop Corporate Clients

Commerzbank: the partner of German Mittelstand. Workshop Corporate Clients Commerzbank: the partner of German Mittelstand Workshop Corporate Clients The German corporate banking market is highly attractive but highly competitive 1) Growth in loans including CRE 2) National champion

More information

Development of the pig production in North West Germany considering the EU animal welfare directives becoming effective in 2013

Development of the pig production in North West Germany considering the EU animal welfare directives becoming effective in 2013 Development of the pig production in North West Germany considering the EU animal welfare directives becoming effective in 2013 CATI with pig farmers in North West Germany August/ September 2010 Target

More information