The court confirms lawfulness of “zero interest” on checking accounts.
This article first appeared in ZFR , one of Austria’s leading journals for financial market law. In this article, which has just been published in Zeitschrift für Finanzmarktrecht ( ZFR ), DSC associate Fabian Liebel clarifies the implications of the recent Supreme Court ruling on Section 38 of the Austrian Banking Act.
The court confirms lawfulness of “zero interest” on checking accounts.
We extend our heartfelt congratulations.