das top-thema der juli / august-ausgabe · analyseder unternehmen des deutschen prime standards:...

SchuldverschreibungsgesetzNeue Möglichkeitenfür Gläubiger? · S. 164

EuGH stärkt MarkenschutzKein sonnen mehr imfremden Glanze! · S. 166

TariffluchtArbeitgeber an derlangen Leine · S. 173

BilMoG & AufsichtsratKonsequenzen für dieUnternehmenspraxis · S. 176

Finales Wort?Nichtanwendungserlass zurBFH-Entnahmetheorie · S. 169

Gewerbeimmobilien:

Das Top-Thema der Juli / August-Ausgabe:

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Õ= ¾ J=P* RP" �PHRP"(PH%HLP* øP"PH�JP""*L(c *(&"Ë�JP LH?% åû " R ( ù"N"P�J*"*L(ýP"�(% RP(k << ù�(b _ ¼b F "*R ù�(b F ùB%Ú *"" NË" RHP õH*c? LP*N("RP""*Ld RP**(�J Bî**P* RHP øP"PH�JPc""*L( *(&"Ë�JP *H�J% PH*åP?* JP" "(LPL"HNNP*"*R H((?HP"% R""�J Ò? LP (RP" ù"N"P�J*"*L LP?c%P*R LP= �J% ûP"RP*b õH* øP"PH�JP""*L(c *(&""�J �P(%PJ% *""d ûP** * �J ¼ ?RHP""*L "*c%P" øP"Ë�B(H�J%HL"*L ??P" øPc "*R õ*%"PH�JPc""*L(&((%P* PH* ^�P"(�J"(( ýP"�?PH�%b Õ* RHP ¼ ?cRHP""*L H(% "�J RP" øP"PH�JP""*L( *(&""�J ûPcLP* "*ûH"B( =P" ø "PH*? LP*?PH(%"*L =H% PH*cå"�PåHPJP*d ûPH? P" ºPH? RP( å"( ==P*LPJî"P*cRP* ÚP(�JUN%( H(% "*R RP" j(�JPH*� "P*h ø "PH*? cLP*?PH(%"*L (�J(* HJ" ¾Ë�BN?"(( LPLP*Ë�P"(%PJ%b

öø F``9 ¼b _F:>

õHLP*B &H% ?P"( %å jkk CF dCF� Ú=�×Ú bÝbh H= ¼% RH"=RP" ¸("cÚ=�× G BPH* ù"(c(�J?"(( R""�J ¸P"?"(%cRP�B"*L(J N%"*L

øÚ×c¹"%PH? ý(=`<b`@bF``9G ÕÕ ®¾ F;;a`;

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öø F``9 ¼b _@>@

¼% %"(8¾P�J% `;c`:aF``9

_<: ù ¹ ¼ ¾ õ ÷ × º ¼ Â ¾ õ ÷ × ¹ Ï Ú ~ ¸ õ ¾ · ù Ñº ¹ Ï Ú · Õ ¾ º ¼ ÷ × ù Ý º ~ Ý Õ Ï ù Ï ® õ Ï

ÏH�J% *ûP*R"*L(P"? (( RP" ÝH* *åýP"û ?%"*L å"" ù"NL �P RP" NH* ?P*õ*%* J=P%JP("HP R""�J RP* øÝ×

ù= F`b`>bF``9 J % R ( ø"*RP(NH* *åc=H*H(%P"H"= PH*P* ÏH�J% *ûP*R"*L(P"? (( å"PH*P= ý(" B* && PH*P= Ó J" P"L *LP*P* ¹"c%PH? RP( øÝ× ýb _;b`;bF``: å" PH*P" Ú""*Rc( %åN" LP RP" ÚPûH**"P ?H(HP""*L �PH RP"L"P*åË�P"(�J"PH%P*RP* ^�P"NËJ""*L ý(*·H"%(�J N%(LË%P"* H* PH*P "(?U*RH(�JP öøùcøP%"HP�((%U%%P P"? ((P*b öHP øP((*RP"JPH% �Pc(%PJ% R "H*d R (( RHP ¾P�J%(&"P�J"*L "�J øPcRP"%"*L NË" R ( =H% ·H"B"*L � RP= ¸P" *? cL"*L(åPH%" "= F``< PH*LPNËJ"%P LP(P%å?H�JPõ*%(%"H�B"*L((ç(%P= P*%N ?%P%b

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Ý(?LP""*LP* "( RP= ÏH�J% *ûP*cR"*L(P"? ((8 ÐH% RP= ÏH�J% *ûP*R"*L(cP"? (( ûH?? RHP ÝH* *åýP"û ?%"*L å"= PH*P* (Hc

�JP"(%P??P*d R (( RHP #NH* ?P õ*%* J=P%JP("HPVHb¼b RP" øP%"HP�((%U%%P*ýP"û ?%"*L(L""*R(U%åPH* RP* ¸P" *? L"*L(åPH%"U"=P* �H( F``< H* ??P* ýP"N J"P*("P�J%?H�J *(�J (NNP*P* ÝU??P*ûPH%P"JH* *å"ûP*RP* H(%b öHP( LP(�JHPJ%* �J RP= õ"? (( H= ¸("L"HNN "N PH*P =îL?H�JPLP(P%å?H�JP ¾PLP?"*Ld RHP R ** û(J? "*%P"×H*ûPH( "N RHP LP(P%å?H�JP ÝP(%(�J"PH�"*LRP" �H(JP"HLP* ¸P"û ?%"*L(&" éH( * �J RP*øP%"HP�((%U%%P*ýP"û ?%"*L(L""*R(U%åP* =H%¾Ë�BûH"B"*L NË" RHP ¸P" *? L"*L(åPH%"U"=Pý(" F``< PH*LPNËJ"% ûP"RP* ((??b Õ*((ûPH%BË*RHL% RP" õ"? (( PH*P* *P"P* #Ú? *å&"*B%RP"%(�JP" ÚP(P%åLP�"*L(B"*(%V *b öHP =H%RP= ¼õ¼%õÚ PH*LPNËJ"%P LP(P%å?H�JP õ*%(%"Hc�B"*L("PLP?"*L Hb¼b RP( k @ ù�(b _ ¼ %å Cõ¼%Ú �åûb k _F Ò¼%Ú ûH"R * �J ù"NN (("*LRP" ÝH* *åýP"û ?%"*L ý(* RP" øÝ×c¾P�J%(&"Pc�J"*L *H�J% �P"ËJ"%b øPH PH*P= B(*(P$"P*%P*·PH%P"RP*BP* RP" ¹"%PH?(L""*R(U%åP ýP"= LRHP(P( õ"LP�*H( �P" *H�J% å" Ë�P"åP"LP*b õ(NPJ?% * RP= ý(* RP" ¸("(�J"HN% LPN("RP"%P*ù"((�J?"(( RP( RP"%(�JP* øP(%P"P""*L("P�J%(R""�J RHP ^�P"NËJ""*L PH*P( ·H"%(�J N%(L"%(H* PH*P öøùcøP%"HP�((%U%%Pb õH* LPLP*%PH?HLP(õ"LP�*H( B ** "�J *H�J% R =H% �PL"Ë*RP%ûP"RP*d =H% k @ ù�(b _ ¼ %å C õ¼%Ú (PH RHP #NHc* ?P õ*%* J=P%JP("HPV =H% RP= RP" ?%P*¾P�J%(&"P�J"*L RP( øÝ× å"L""*RP ?HPLP*RP*¸P"(%U*R*H( H= ÚP(P%å B(*(P"ýHP"% û("RP*b·PH%P"P ÝH* *åLP"H�J%(ýP"N J"P* (H*R H*((ûPH%å" P"û "%P*b

¼%ø ö"b ÷J"H(%H * ×H�BjÝ?H�B Ú(�BP ¼�J "=�""Lh

ø"*RP(NH* *å=H*H(%P"H"=d ¼�J"PH�P* ý(=F`b`>bF``9 G öø F``9 ¼b _CF@

¼% %"(8¾P�J% `;c`:aF``9

_<9ù ¹ ¼ ¾ õ ÷ × º ¼ Â ¾ õ ÷ × ¹ Ï Ú ~ ¸ õ ¾ · ù Ñº ¹ Ï Ú ¼ º õ ¹ õ ¾ Ï ~ ù ø Ú ù ø õ Ï

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øÝ×c¹"%PH? ý(=FCb`@bF``9 G Õ¸ ¾<Fa`<

Ò""(P"JîJ"*LP* PH*P" ·UJ""*Ld ûP?�JP PH*P"Ý"P=RûUJ""*L(ýP"�H*R?H�JBPH% å"L""*RP ?HPL%dýP"U*RP"* RP* ¾Ë�Bå J?"*L(�P%" L RP" ¸P"�H*Rc?H�JBPH% "*R R =H% RP* ºPH?ûP"%b Î� RHP ¸P"U*RPc""*L RP( ·UJ""*L(B""(P( PH*P R "P"J N%P õ"JîcJ"*L RP( ºPH?ûP"%( �PL"Ë*RP%d JU*L% ý(* RP"Ñ "NåPH% RP" ¸P"�H*R?H�JBPH% �b øPH Ý"P=RûUJc""*L(ýP"�H*R?H�JBPH%P*d RHP G ûHP H= ¼%"PH%N ?? GPH*P ¾P(%? "NåPH% ý(* _` Ó J"P* J �P*d H(% R ý(* "(å"LPJP*d R (( BPH*P R "P"J N%P õ"JîJ"*Lý("?HPL%d R (H�J ·UJ""*L((�Jû *B"*LP* L"R(b "(L?PH�JP*b

öø F``9 ¼b _@C9

¼�JP*B"*L PH*P" Ý("RP""*L=H% øP((P""*L( �"PRP

øÝ×c¹"%PH? ý(=F_b`@bF``9 G ÕÕ ¾>;a`;

·PLP* k _ ù�(b F õ"�¼%Úd * �J RP= �PH NPJ?P*cRP" LPLP*%PH?HLP" øP(%H=="*L RHP ¸("(�J"HN%P*Ë�P" RP* õ"ûP"� ý(* º(RP( ûPLP* "�J "N¼�JP*B"*LP* "*%P" ÑP�P*RP* ù*ûP*R"*L NH*cRP*d LH?% k 9 ù�(b _ Ï"b _ ø"�J(%b õ"�¼%Ú "�J�PH ¼�JP*B"*L PH*P" �P% L%P* Ý("RP""*Lb ¼(=H%ûH"R RHP ¼�JP*B"*L PH*P" Ý("RP""*L =H% øP(c(P""*L( �"PRP H* RP= Ð(=P*% "(LPNËJ"%d H*RP= RP" øP((P""*L(N ?? PH*LP%"P%P* H(%d "*R *H�J%�P"PH%( H= ®PH%&"*B% RP" ®"ûP*R"*L RP" Ý("RPc""*Lb ¹* �JU*LHL ý(* RP" åHýH?"P�J%?H�JP* õH*("Rc*"*L RP" øP((P""*L( �"PRP (%P??% RP" õH*%"H%% RP(øP((P""*L(N ??( "( P"�(�J N%(%P"P""P�J%?H�JP"¼H�J% PH* å"BË*N%HLP( õ"PHL*H( R "d ý(* RP= H=®PH%&"*B% RP" ^�P"%" L"*L RP" Ý("RP""*L "*LPcûH(( H(%d (� P( Ë�P"J "&% PH*%"H%%b

øÝ×aÏ¸ F``9 ¼b _F`>

øPûP"%"*L ý(* ýP"RP�B% PH*cLP?PL%P* ù*%PH?P* * Ò &H% ?cLP(P??(�J N%P*

øÝ×c¹"%PH? ý(=`@b`CbF``9 G Õ ¾CFa`:

k < ù�(b _ Ï"b > ¼ %å _ �h õ¼%Úd û(* �J RHP õH*c? LP ý(* ù*%PH?P* * PH*P" Ò &H% ?LP(P??(�J N% Hb¼bRP( k _; ù�(b _ õ¼%Ú �ûPH�JP*R ý(* RP" Ú""*Rc"PLP? RP( k < ù�(b _ Ï"b > ¼ %å _ õ¼%Ú *H�J% =H%RP= ºPH?ûP"%d ((*RP"* =H% RP* ù*(�J NN"*L(B((c%P* RP" PH*LP?PL%P* ù*%PH?P å" �PûP"%P* H(%d H(% H=¾ J=P* PH*P" ýP"RP�B%P* õH*? LP %P?P?(LH(�J å""PR"åHP"P*b ù"�J ù*%PH?P * Ò &H% ?LP(P??(�J N%P*Hb¼b RP( k _; ù�(b _ õ¼%Ú (H*R H= ¾ J=P* PH*P"ýP"RP�B%P* õH*? LP =H% HJ"P= ºPH?ûP"% å" �PûP"c%P*b ¼(NP"* RHP ù*%PH?P H* PH*P Ò &H% ?LP(P??(�J N%PH*LP?PL% ûP"RP*d ?HPL% R JP" BPH* õ"ûP"� "*%P"RP= ºPH?ûP"% LP=b k :� ù�(b @ ¼ %å _ Ï"b F Ò¼%ÚF``F ý("d "�J ûP** RP" ºPH?ûP"% H""%Ë=?H�J å"*HPR"HL *LP(P%å% ûH"Rb

öø F``9 ¼b _C:F

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