In this series, we provide advice on drafting English-language contracts that are governed by German law. We will refer to these as international cooperation agreements moving forward.
We focus on automotive finance...more
1. Federal Court of Justice rules on bank’s right of retention after withdrawal from loan and purchase agreements if consumer sells vehicle Germany’s highest civil court, the Federal Court of Justice (Bundesgerichtshof,...more
1. FEDERAL COURT OF JUSTICE RULES ON ASSIGNMENT CLAUSE IN T&CS FOR CAR FINANCING -
In April 2023, the German Federal Court of Justice (Bundesgerichtshof, “BGH”) ruled that an assignment clause used by a German captive bank...more
8/2/2023
/ Automotive Loans ,
Banking Sector ,
Borrowers ,
Consumer Lenders ,
Electric Vehicles ,
EU ,
Financial Services Industry ,
German Federal Supreme Court ,
Germany ,
Greenhouse Gas Emissions ,
Internet Service Providers (ISPs) ,
Internet Streaming ,
Legislative Agendas ,
Loan Agreements ,
Manufacturers ,
New Legislation ,
Subscription Services ,
Telecommunications
Die BaFin hat kürzlich ihr Merkblatt zur aufsichtsrechtlichen Einordnung von Finanzierungs-leasing aktualisiert. In seiner neuen Fassung ist das Merkblatt nun besser strukturiert und hinsichtlich einiger Aspekte eindeutiger...more
Legal aspects to consider when digitalizing the execution of automotive finance contracts at the dealership -
In recent years, in order to increase sales, car manufacturers have integrated the provision of finance products...more
Do consumers enjoy the b..enefit of consumer protection regulation under leasing contracts with mileage allowance? This is subject to debate. The answer is heavily influenced by the discussion as to whether such agreements...more