In a ruling dated 19 March 2025, Germany’s Federal Labour Court (BAG) ruled that clauses in employee participation programmes stipulating that virtual stock options that have become exercisable are immediately cancelled in the event of the employee’s resignation are invalid. The invalidity also applies to clauses stipulating that options expire more quickly after the end of the employment relationship due to resignation. According to the federal judges, such clauses disadvantage employees and c
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As a Berlin correspondent for the French and Swiss press since the late 1990s, I cover a wide range of economic, political and social issues, with a particular focus on the German business and labour market. My areas of interest include co-determination, digitalisation, demographics and ESG/DEI policies.