In the light of the judgement of the Federal Court of Justice (BGH) of 22.05.1985 One can debate the issue, hold other legal opinions, or like us here, set a judgment as a reference point. We still consider the judgement to be trend-setting, because it describes the obligations which an insurance intermediary, in this […]
The liability of “freelance” agents and salaried insurance agents Dr. Johannes Fiala, Munich, and Peter A. Schramm, Frankfurt am Main If the insurance company has assumed unlimited liability for an exclusive agent or multiple agent, no permission is required to act as an intermediary – registration by the insurer is more or less a formality. […]
by Johannes Fiala, lawyer Time and again, large fund companies go bust. For example, Ost-Com, HAT, WGS, etc. have become known. If the investment was financed by a bank, the question arises whether the loan is to be paid back. The answer is: No ! In many cases, the bank was involved in the arrangement […]
