The DSC Partner analyzes the key issues of the upcoming AGM season.
TO THE POINT
In the latest issue of BankArchiv, Martin Legath comments on a recent decision of the Supreme Court to initiate preliminary ruling proceedings before the ECJ (3 Ob 103/22a). The issue at stake is whether consumers are entitled to a right of withdrawal under the Consumer Rights Directive in the event of an "automatic renewal" of a distance contract for the sale of goods.
The outcome of the proceedings is also of interest to banks: there is a comparable right of withdrawal in distance contracts for the sale of financial services. In addition, the step to rescind "automatic" contract amendments by fictitious consent would only be a small one.
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The BankArchive - Journal for the Entire Banking and Stock Exchange Sector is the scientific journal for bank management, banking law and capital markets. The well-known publication is published by Linde Verlag / Bank Verlag.
The DSC Partner analyzes the key issues of the upcoming AGM season.
DSC is once again ranked among Austria’s leading law firms.
He strengthens our team primarily in banking, consumer, and standard terms and conditions law, as well as in litigation.