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Posts tagged #credit agreement

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Class Action: Procedural Rules for Redress

Civil Law 

The Austrian Supreme Court (Oberster Gerichtshof, hereinafter OGH) recently reviewed the procedural requirements pertaining to the definition of ‘essentially similar circumstances. Imposition of a processing fee The plaintiff is an acknowledged quali...

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Austrian OGH on Insufficient Transparency in Loan Agreements

Civil Law 

During an appeal, the Austrian Supreme Court (Oberster Gerichtshof, or OGH) examined the validity of certain terms in loan agreements. The main question was whether a processing fee in the agreement could be enforced when consumers were not clearly i...

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