Protocols should ensure high quality advice

The Bundesgerichtshof (BGH, ruling of 13.11.2014, Ref. III ZR 544/13) has recently decided that the failure of the insurance broker to comply with the documentation obligation under Section 61 (1) of the German Insurance Supervision Act (Versicherungsvermittler). 1 sentence 2, § 62 of the German Insurance Contract Act (VVG) may lead to a shift in […]

Lawsuits in financial cases – private expert opinions make sense because errors often go undetected

Optimal revocation for credit, capital investment and insurance   When legal representation without an expert opinion is giving away pure money No one would accuse financial institutions, i.e. banks and insurers, of unlawful or dishonest behaviour if affected customers do not receive what they are actually entitled to after a revocation of credit and investment […]

Good advice can be expensive

What was well-intentioned as a tip can become a nasty liability trap for brokers or financial advisors. As a tipster, it is sufficient to adhere to a few principles in order to protect yourself. Agents for insurance or building society contracts, advisors for financial investments such as investment funds or over-the-counter investments are experts in […]

How much legal advice can financial service providers afford?

From the series of newsletters of the DHBW (Baden-Wuerttemberg Cooperative State University) Heidenheim on the topic “Mediation Law in Practice”: At this point, attorney-at-law Dr. Johannes Fiala,, lecturer for insurance law at the DHBW Heidenheim, your questions. Questions can be asked by emailing First of all, there must be a connection with a […]