In light of Brexit and the related increase in UK institutions moving their operations to Germany, the differences between the remuneration rules for institutions in the UK and Germany have become a key part of our cross-border advisory work. Although both underlying laws are based on the same EU directive, “CRD IV”, they are not fully harmonised and have key differences. Consequently, compensation packages for staff members moving from the UK to Germany, whether on a part-time or full-time basis, may need to be modified.

In this vlog, Alex Beidas and David Ziefle discuss the material differences that need to be tackled if compensation packages are adjusted according to the German remuneration rules.