CHSH advises ARAG insurance group on cross-border merger

CHSH advised ARAG insurance group on the transformation of ARAG Österreich Allgemeine Rechtsschutzversicherungs-Aktiengesellschaft into a branch office by way of a cross-border merger onto the German ARAG SE.

In the course of recent months, insurance group ARAG SE successfully completed cross-border mergers of its European subsidiaries in Austria, Belgium, Italy, the Netherlands, Slovenia and Spain onto ARAG SE and set up branches in these countries.

CHSH acted as Austrian counsel in this merger process with lead partners Clemens Hasenauer und Johannes Prinz. The CHSH team further consisted of Susanne Molitoris, Lorenz Pracht and Matthias Schmatzer. Hogan Lovells acted as German and international counsel for ARAG SE with lead partners Christoph Louven and Christoph Küppers together with Tobias Böckmann. The advice particularly covered corporate, restructuring, regulatory and tax law as well as the coordination with various supervisory authorities.

ARAG group is the biggest family-owned company in the German insurance industry. ARAG SE consists of international offices, companies and holdings in further 13 European companies and in the US. The group, which has 3,500 employees, generates a sales and premium volume amounting to over EUR 1.5 billion.