Majlis Issue 11 Seite 21

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Prof stephan Wernicke is Chief Legal Officer at the Association of German Chambers of Commerce and Industry and honorary professor at the Humboldt Universitaet zu Berlin for law of the European Communities business law and competition law ever more important for companies especially in international business relations as an alternative to public court procedures Already today the IHKs contribute significantly to the promotion of German Law and will be engaged even more in the future Conflict advisors are already available to the German companies through the 80 IHK organizations across Germany They can advise on the advantages and disadvantages of mediation arbitration and court proceedings and in some cases can even administer arbitration and mediation proceedings Companies abroad will receive support from the network of the German Chamber of Commerce and Industry Abroad AHKs with 120 locations in over 85 countries cf www dihk de arbitration Various seminars held abroad including in China South America and the USA have shown that foreign investors also appreciate the advantages of German Law They recognize that Germany offers attractive benefits in many fields of law such as the Civil Law Code the LLC and cooperative society Law GmbH und Genossenschaftsrecht German accounting principles the registry law Registerrecht and the concepts of security interest Sicherungsrecht and self administration Selbstverwaltung Germany thrives on its international business We therefore appreciate the support of the Federal Ministry of Justice for the initiative Law Made in Germany Germany needs a common political consensus among all federal departments with a view to advance the German Law The initiative deserves the same importance as other political goals such as cultural or development aid This must be recognized and the support for German Law must be broadened and become an integral part of foreign trade promotion Existing structures abroad especially the network of German Chambers of Commerce Abroad are already engaged n The article was translated from the original German version FOCUSFOCUSFOCUS MKS Consultancy FZ LLC Executive Search competent prompt serious The MKS Consultancy Member of QRC Group fo cuses on filling executive and specialist positions in different sectors Contact person Marion Kaeser Seitz Email marion kaeser seitz qrc group com Business Center International Academic City Dubai Phone 971 55 200 7007 www qrc group com Anzeige MArion V1 EN indd 1 30 09 2013 12 16 36 in GerMany tHe Parties Have a trUe CHoiCe BetWeen tHe JUdiCiaL resoLUtion oF ConFLiCts and aLternative disPUte resoLUtions