Archive for the category ‘Banking Law’

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  Sep. 19, 2023

  PSD 3 & PSR: Implications for Licensed Payment Services in Germany

  On June 28, 2023, the European Commission unveiled its draft for an updated European Payment Services Directive, known as the Payment Services Directive 3 (PSD...
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  Sep. 29, 2020

  Entrepreneur Loan in Germany: Risks, Restructuring, Contract Clauses

  Rapid debt relief for viable companies in financial difficulties through EU restructuring directive On June 20, 2019, the European Parliament and the Council...
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  June 30, 2020

  Advance Payments in Germany During Corona Times – Secure Your Business

  We are currently increasingly noticing that many companies in Germany are demanding advance payments for their goods and services. Entrepreneurs often go into...
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  April 3, 2020

  Banks Can Now Enter The Crypto Business in Germany

  As a result of the implementation of the fifth money laundering directive, crypto values were included in the German Banking Act (KWG). This long-awaited...
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  March 29, 2019

  Banking License and Brexit: Here is the Cost of a German BaFin License

  The UK is presently heading for a “hard” Brexit. If this happened, the country would leave both the EU and the European Economic Area. Many UK banks and...
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  Dec. 29, 2017

  Collateral Security Law: No General Right to Exchange Collaterals in Germany

  The German Federal Court of Justice (Bundesgerichtshof; “BGH”) recently ruled that a collateral provider, which has agreed on a specific collateral...
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  Sep. 23, 2015

  Banks cannot charge fee for every transaction on business accounts

  In a judgment dated July 28, 2015, the German Federal Court of Justice held that a bank’s general terms and conditions that set a fee of EUR 0.32 for every...