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Posts tagged #damage

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GER: Altered IBAN – Buyers Bear Resulting Loss

Civil Law 

Instead of receiving valuable gold bars, the buyers in the case at hand ultimately incurred a six-figure loss. Criminals had altered bank details on an emailed invoice, resulting in the buyers transferring over EUR 100,000 to a third-party account. T...

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OGH on Limitation in Legal Expenses Insurance

Civil Law 

The Austrian Supreme Court (Oberster Gerichtshof, hereinafter OGH) has provided guidance regarding the conditions under which a policyholder’s claim for coverage from their legal expenses insurer may be rendered time barred.  The claimant in the case...

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