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Posts tagged #duty of disclosure

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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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OGH on the "order at best" in online trading

Civil Law 

In the case of online trading, the bank is not obliged to consult the customer if the order is clear, unless the customer indicates that he only wants the order to be executed if there are sufficient funds. The plaintiffs used the defendant's online ...

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DE: Scope of legal advice

The German Federal Supreme Court (Bundesgerichtshof, BGH) ruled that the lawyer's duty to inform his client about the prospects of success of a prospective legal action does not end with its initiation. If the legal and effective situation changes du...

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