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Posts tagged #Austrian Consumer Protection Act

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OGH on Permissibility of Interest Escalating Clauses

Civil Law 

The Austrian Supreme Court (Oberster Gerichtshof, hereinafter OGH) has ruled on the question of whether a loan agreement is null and void on account of, among other things, an agreed interest escalation clause. In the case at hand, the plaintiff, a c...

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OGH: Information and Clarification Rules for Collaterisation Agreements

Civil Law 

Sections 25c and 25d of the Austrian Consumer Protection Act (Konsumenschutzgesetz, hereinafter KSchG) provide for protective provisions for co-debtors. The Austrian Supreme Court (Oberster Gerichtshof, hereinafter OGH) has recently ruled on whether ...

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