Firm News
17. December 2025
FGvW advises main investor PICOM on capital measures as part of the restructuring for the HSV Handball first division team
FGvW has advised PICOM Holding GmbH on corporate and tax law matters in connection with its acquisition of a 24.9 percent stake in HSM Handball Sport Management und Marketing GmbH, the operating company of Handball Sport Verein Hamburg, a well-known professional handball club from Germany. PICOM Holding GmbH is an asset management company owned by...
Reading time: 2 min
Tax Law
Corporate law
Insolvency and Restructuring
Legal Insights
20. June 2024
Insolvency Law: Pyramid schemes and the reclaiming of bogus profits
Payments made to investors in a pyramid scheme that are based on profits that do not actually exist can be reclaimed from the investors by way of a challenge under insolvency law. This was decided by the Federal Court of Justice (“BGH”). Facts of the case The ruling of the BGH is based on the...
Reading time: 4 min
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