This document is protected by copyright . Its reproduction , rental , or any other form of distribution or publication – including in extract form – is subject to the consent of goetzpartners . The analyses and assumptions on which this publication is based were undertaken by the authors to the best of their knowledge and judgment . goetzpartners accept no liability whatsoever for the accurateness of these analyses or assumptions . Where information was taken from public sources , its accuracy and completeness was assumed without any further checking . By its very nature , this publication does not take into account the specific circumstances of individual cases . This document can therefore not replace individual expert advice or extensive research that should be undertaken by the third party .
AUTHOR
DR . ALEXANDER HENSCHEL Managing Director alexander . henschel @ goetzpartners . com
PUBLISHER
goetzpartners Prinzregentenstr . 56 80538 Munich , Germany P + 49 - 89 - 29 07 25 - 0 info @ goetzpartners . com
Design : milk & honey , Munich goetzpartners , Munich
Illustrations : Serge Bloch , Paris
Photography : Esther Neumann , Munich Marc Oeder , Kirchheim / Munich