Carried Interest im Arbeitsrecht.

The work deals with Carried Interest, a specific form of profit sharing in the private equity sector for fund managers. The peculiarity of Carried Interest is that the beneficiaries receive their profit share not from their employer, but through a separate investment company in the fund company in which they themselves are involved. Due to this parallel structure of the employment relationship and the Carried Interest legal relationship, the question arises as to whether Carried Interest becomes part of the employment relationship and therefore needs to be considered in severance payments. Ultimately, this is to be rejected due to the lack of an explicit or even implied inclusion in the employment relationship by the contracting parties. Furthermore, this arrangement does not constitute a circumvention of employee protection regulations. The employment relationship and the legal basis for receiving Carried Interest are legally distinct and separate legal relationships.