Resolution of the Higher Regional Court Frankfurt regarding the mediation procedure of WELLA AG

In its order for reference of November 20, 2019, the Higher Regional Court of Frankfurt followed the comments in our expert opinion in the Wella AG mediation procedure. In particular, the Higher Regional Court endorsed the preferential use of own beta factors instead of beta factors derived from a peer group, the preference of liquidity criteria instead of statistical filter criteria and the liquidity criteria used by IVC. The complete judgement can be downloaded here.