Gleiss Lutz has advised AUMOVIO SE ("AUMOVIO") on a settlement with the BMW Group ("BMW").
The settlement resolves all legal disputes relating to an integrated brake system that AUMOVIO – formerly Continental's Automotive business area – manufactures for BMW. Under the settlement, a payment of EUR 350 million will be made to BMW.
AUMOVIO and BMW have also agreed on a wide-ranging, long-term supply and development agreement to strengthen their business relationship and expand their technology partnership. This includes new orders with a volume of more than EUR 1 billion.
The following Gleiss Lutz team led by Prof. Dr. Michael Arnold (partner) and Dr. Adrian Bingel (partner, both Corporate, both Stuttgart) has advised AUMOVIO:
Dr. Nicholas Brand, Anton Rettenmayr (both Corporate, both Stuttgart), Dr. Alexander Werder (partner), Jennifer Dörner, Dr. Niklas Woitok (all Tax, all Stuttgart), Dr. Andrea Leufgen (partner, Dispute Resolution, Frankfurt), Dr. Markus Martin (counsel, Stuttgart), Christian Schröder (both Corporate, Frankfurt), Anna Pfarr (counsel, Commercial, Berlin), Dr. Saskia Kirchgeßner (partner, Competition/Antitrust, Frankfurt), Tim Nauthe (Corporate, Stuttgart).
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