New deal for Germany

Evaluating the new government's political agenda for our clients

Following an embattled general election in September 2021, Germany has a new three party coalition government. After 16 years of Merkel administration, the new government has published a particularly ambitious political agenda for the next few years. Is this a new deal for Germany? Our legal and sector teams keep analysing financial, regulatory and legal implications of new government initiatives. On this platform, you will find at a glance our view on ESG, climate, energy, digitalisation, real estate and infrastructure aspects of German politics going forward – including its repercussions in a broader European and global context. Join the heat!

Foreign Direct Investment

More progress in competition law? "Daring more progress. Alliance for freedom, justice and sustainability". What does the title of the coalition agreement mean for the future of competition law in Germany?

Cannabis

Commercial cannabis and products are becoming a more current and upcoming trend, in the coalition agreement too. The global cannabis industry is experiencing accelerating growth, and legalization is also on the rise in key markets. The industry is attracting growing interest from investors, including venture capitalists and increasingly of private equity firms, which does not seem to be slowing down at the moment. If you missed the cannabis panel discussion, you can rewatch it here.

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Energy and Infrastructure

The new coalition will especially focus on climate protection as well as on the modernisation and digitalisation of the country. To achieve these goals the current regulatory frameworks shall be adapted, and investments shall be made in digitalisation, education and research.

In the following briefing, our Energy Team summarises and assesses the key aspects of such changes to the regulatory frameworks regarding energy and infrastructure.

Real Estate

The coalition agreement sets out a number of initiatives relating to the construction and property sectors, including residential construction projects and the introduction of a new payment arrangement for heating costs in the rental sector ("Teilwarmmiete"), as well as further changes to the recently overhauled statutory framework for real estate transfer tax. The new coalition also plans to encourage digitalisation across the board in order to help effectively implement these strategies.

Clifford Chance