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...
When buying a condominium, from the point of view of the buyer, it is important that the purchase contract is legally in order and not to the detriment of the buyer. In addition to the purchase contract, the declaration of division (Teilungserklärung) must...
With the German Act on the Protection of Trade Secrets (GeschGehG), which came into force on 26 April 2019, the EU Directive on the Protection of Secrets was implemented and serves to better protect confidential know-how and trade secrets from illegal acquisition,...
