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European Court of Justice rules that the German prohibition of investing in a law firm for purely financial purposes is justified by the regulatory objective to ensure the independence of lawyers

Date: 22nd January 2025 | Jurisdictions: Europe, German | Tags: financial investors, legal profession

In the long-awaited judgement in the case Halmer ./. Rechtsanwaltskammer München (Case C-295/23) delivered on December 19, 2024, the European Court of Justice (ECJ) ruled that a national law prohibiting the participation of purely financial investors in a law firm does not contravene against EU-law. The Court concluded that this restriction of the freedom of…