The managing director of a legal entity such as a GmbH (limited liability company) is legally obliged to file for insolvency in the event of certain preconditions of a company crisis. But what are these conditions? And what are the consequences if such a petition...
Contaminated sites represent a risk that should not be neglected, especially when acquiring commercial real estate. If they are not recognized in time or even ignored, this can lead to high costs. But who pays for these costs? And how can I, as the seller of a...
Postbank has a hard time helping its bank customer in the case of a subsequently discovered erroneous bank transfer; at one point, Postbank did not even respond to lawyer submissions. What had happened: Bank customer transferred €5,000.00 and immediately...
For years, the borrowers of ADAXIO AMC GmbH or its legal predecessor have been in dispute. GMAC-RFC Bank GmbH, as the legal predecessor of ADAXIO AMC GmbH, concluded thousands of real estate purchase contracts with consumers until it returned its banking license to...
In its court ruling of November 8, 2016, XI ZR 552/15, the Federal Court of Justice (Bundesgerichtshof — BGH) also declares loan fees in home savings contracts to be unlawful; limitation issue Important note: the the Federal Court of Justice (Bundesgerichtshof —...
To increase the pension through one’s own real estate without having to sell it completely sounds very tempting, especially for people of advanced age. Through the pension system in Germany, not all needs can be met and so other more lucrative ways must be found to...
