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Posts tagged #fees

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GER: BGH: No Annual Fee for Building Savings Contracts in Accrual Phase

Banking Law 

Annual fees in the accrual phase of current building savings contracts (the German financial product is called Bausparvertrag) are illegal. This was the decision of the Senate of the German Federal Supreme Court (Bundesgerichtshof, hereinafter BGH) r...

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OGH: Review of Bank General Terms and Conditions

Civil Law 

In the case at hand, the Austrian Supreme Court (Oberster Gerichtshof, OGH) considered a ‘fictitious consent’ clause of a bank's General Terms and Conditions (GTC). In a class action suit brought by the Austrian Consumers’ Association against a bank,...

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