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Banking sector in turmoil: The invalidity of the GTC amendment mechanism – Quo vadis?

In its ruling of 27 April 2021 (case ref.: XI ZR 26/20) in response to cease and desist action brought by the Federation of German Consumer Organizations, the German Federal Court of Justice (BGH) found two clauses in the...more

Bankenwelt in Aufruhr: Die Unzulässigkeit des AGB-Änderungs-mechanismus – Quo vadis?

Der BGH erklärte mit Urteil vom 27.04.2021 (Az.: XI ZR 26/20) auf die Unterlassungsklage des Bundesverbandes der Verbraucherzentralen hin zwei Klauseln in AGB-Banken für unwirksam, die (entsprechend den AGB-Sparkassen) ohne...more

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