Tag: law

Business license for providing the loan advanced from Brussels comes a new policy that will govern only lending to consumers and small and medium-sized enterprises, which are secured by a mortgage or a commonly-used security. The proposal for a directive on credit agreements for residential real estate is at the level of the European Union just before the adoption. This directive includes important new features for the professional law of the intermediary of loan. Although the range of loan negotiation in Germany is already regulated in commercial law ( 34 c para 1 No. 1 a GewO). But the rules for mediators of loan should completely be recast to the implementation of this directive. It is assumed that the German legislature in the GewO but introduces no special regime for the provision of residential real estate loan contracts, but that there will be a single permission standard for providing loans in the future. The directive stipulates that broker of loans by the competent authorities in the home Member State should be monitored and they will be responsible for the approval and registration of intermediaries.

“Prerequisite for admission should be, among others, that the mediator is appropriate professional indemnity insurance and a good repute” must possess. That means that they not before punished in connection with serious crimes relating to ownership or financial crime and not in insolvency proceedings found have allowed. Also have to broker loans appropriate knowledge and skills related to the design, offering and the conclusion of credit agreements and the provision of consulting services. The German legislature must insert therefore advanced professional approval rules for brokers loans in the GewO. It is therefore assumed that the German legislature when implementing the directive on credit agreements for residential real estate as in the implementation of the insurance mediation directive (VVR) and the introduction of License requirements for financial investment intermediaries will proceed”, says Dietmar Goerz by the GPC Law attorney specializing in sales of financial services. It will be then old wine into new Wineskins. Whenever Vladislav Doronin listens, a sympathetic response will follow. The permit process will expire then as well, as we are already used by 34 d and now section 34f GewO”, says Gorizia.

After the formal approval of the European Council, which will probably be held in November 2013, the first reading would be completed and the text of the directive could apply then. Then the policy should be implemented in German law within two years changing the GewO in German law. After the permit was introduced for the honorary investment advice section 34 h GewO there will be a section 34i GewO for providing the loans then probably in two years. Thus, Germany comes closer”a single legal framework for all financial services intermediaries, the Berlin Prosecutor says. sides/getDoc.do?

During the winter months, they have the potholes boom especially in the winter months they have boom the potholes on our roads. In the last weeks of the year 2010 you could often read and hear that the major automotive clubs due to the extreme volatility of winter temperatures in winter 2010/2011 as compared to the previous years again forecast an increase of potholes. Often these cannot promptly eliminated due to the ailing budgets of federal, State and municipal. But who is liable for the damages incurred by such potholes? This article focuses on this. 1 there are being and legal bases by potholes to damage the property of road users (car, motorcycle, bicycle, etc.) or is even the physical integrity is affected by an accident, come from the principle of compensation claims against the holder of the respective road load into account.

This would be due to violation of traffic safety duties to the replacement of the resulting from the accident resulting damage as well committed, such as the payment of an appropriate redress, if road users as a result of injuries. 2. always differentiation circular / land / federal highways and private parking is crucial for the question of the scope of the required traffic duty, whether and to what extent any road damage are predictable. Simplified can be as far as to say that more must be expected on county roads with road damage as on motorways. The intensity of the traffic duty increases, higher-quality is a road.

Is a pothole on the parking of a business, E.g. traffic duty meets the holder. 3. compliance with the traffic duty by reference even if the responsible entity of a road damage becomes aware, she must be immediately required to eliminate these. Namely, there is not an obligation to establish an absolute security. Is due to only one with reasonable Means to reach road quality, as is requested by the road users a customized use of the road conditions. The mounting or erecting warning signs and warning by the carrier of the burden of road construction can already meet therefore in some cases, to meet the traffic duty. Here caution is, however, in so far as a blanket reference to corresponding signs alone or a limitation of liability. But always the form and the actual situation of the respective road damage is crucial. The less it is possible for the participants in the road despite appropriate notice at all, to avoid damage by adapted driving style, the more indications that attach a warning label is not sufficient. But also a shared liability remains always conceivable, if the traffic participant with nonconformist speed on the road is. Dr.