Restructuring GlobalView. German Supreme Court: Loan management and Management costs are invalid

Restructuring GlobalView. German Supreme Court: Loan management and Management costs are invalid

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Home German Supreme Court: Loan management and Management costs are invalid

The German Federal Supreme Court for Civil Matters (Bundesgerichtshof – BGH) held in 2 situations on 4 July 2017 that provisions within the standard agreements of banking institutions supplying for the payment of management or loan management costs (Bearbeitungsentgelt) because of the debtor is invalid under German legislation, regardless of whether the debtor is just a customer or a business and regardless of whether the debtor is a little, medium-sized or company that is large. Read More