Countdown for loan withdrawal: Take action by June 21 deadline

The countdown is on for withdrawing from real estate loans. The deadline for withdrawing from legacy contracts is June 21, 2016. After this date, the so-called “ewiges Widerrufsrecht” (perpetual right of withdrawal) will cease to exist. GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London conclude: By […]

Michael RainerManaging Partner, MTR Rechtsanwälte

Withdraw from loans in due course and benefit from low interim interest

It is often possible to save several thousand euros by withdrawing from a real estate loan. Having said that, this so-called “ewiges Widerrufsrecht”, or perpetual right of withdrawal, shall cease to exist for legacy contracts on June 21, 2016. GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and […]

Michael RainerManaging Partner, MTR Rechtsanwälte

Loan withdrawal comes to the attention of the BGH

Another hearing before the Bundesgerichtshof (BGH), Germany’s Federal Court of Justice, concerning withdrawal from consumer loans has been scheduled for May 24 (XI ZR 366/15). The BGH will then have to rule on an appeal brought by a bank. GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and […]

Michael RainerManaging Partner, MTR Rechtsanwälte

OLG Frankfurt: Unclear commencement of term renders guidance on right of withdrawal ineffective

If the guidance on the right of withdrawal in a loan agreement includes the words “die Widerrufsfrist beginnt frühestens mit Erhalt dieser Belehrung” (the withdrawal period shall commence at the earliest upon receipt of this guidance), withdrawal is likely to be an option. GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, […]

Michael RainerManaging Partner, MTR Rechtsanwälte

GRP Rainer: Extensive experience in field of succession law

There are many pressing issues that arise when it comes to succession. For instance, testators have to decide whether they want to rely on the rules of intestate succession or prepare a will or contract of inheritance. GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London conclude: […]

Michael RainerManaging Partner, MTR Rechtsanwälte

Gannons IP Tech Seminar part of London Technology Week

This is your Last chance to secure your place at the Gannons Technology & Intellectual Property seminar.  Gannons are bringing together respected professionals from both legal and commercial technology sectors. Our seminar will cover:   Tech and Software: Discover how businesses can and should navigate, embrace and compete with the deluge of disruptive technologies affecting their status quo.  […]

OLG Düsseldorf: Will effective despite removal from official custody

If a will is withdrawn from official custody it is deemed to have been revoked according to the law. Having said that, it is possible to contest the revocation under certain circumstances. GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London conclude: In order to ensure that […]

Michael RainerManaging Partner, MTR Rechtsanwälte

EGC: Winnetou to retain trademark protection for time being

On March 18, 2016, the General Court of the European Union ruled that the well-known novel character Winnetou shall continue to enjoy trademark protection (Az.: T-501/13). GRP Rainer Lawyers and Tax Advisors in Cologne, Berlin, Bonn, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart and London conclude: The Apache chieftain Winnetou is known by generations of people through […]

Michael RainerManaging Partner, MTR Rechtsanwälte