Viering, Jentschura & Partner

Change into a partnership with limited professional liability (mbB)

 

Dear Clients and Colleagues,

 

We, Viering, Jentschura & Partner, Patent- und Rechtsanwälte, act in the legal form of a professional partnership (Partnerschaftsgesellschaft) since many years, and act now as partnership with limited professional liability (mbB partnership) within the meaning of Sec. 8 Par. 4 of the German Act on Partnership Corporations of Members of Free Professions (PartGG). Our firms name as of now reads

 

Viering, Jentschura & Partner mbB,
Patent- und Rechtsanwälte

 

Based on the legal liability provisions, the creditors of a mbB partnership benefit from a considerably broader insurance coverage compared with ordinary partnerships. Besides an extremely higher minimum insurance amount, the creditors particularly can now directly claim against the insurer of the mbB partnership. Accordingly, in the case of any professional malpractice, compensation may directly be claimed from our insurer.

 

Further, the mbB partnership remains fully liable for all obligations with its assets. In return for the increased insurance coverage, the partners of the mbB partnership are no longer personally liable. Beyond that, no changes will come into effect.

 

If you have any questions about the new liability provisions, please do not hesitate to contact Dr. Wolfgang Festl-Wietek, Lawyer, who would be glad to answer your questions. In this case, please send an email to vjp-muatvjpdotde.

 

For you, our expertise and services remain unchanged in known high quality. As usual, your contact persons at VJP are available also in the future.

 

Munich, October 23, 2015