Commercial ABC

Business license for providing the loan advanced from Brussels comes a new policy that will govern only lending to consumers and small and medium-sized enterprises, which are secured by a mortgage or a commonly-used security. The proposal for a directive on credit agreements for residential real estate is at the level of the European Union just before the adoption. This directive includes important new features for the professional law of the intermediary of loan. Although the range of loan negotiation in Germany is already regulated in commercial law ( 34 c para 1 No. 1 a GewO). But the rules for mediators of loan should completely be recast to the implementation of this directive. It is assumed that the German legislature in the GewO but introduces no special regime for the provision of residential real estate loan contracts, but that there will be a single permission standard for providing loans in the future. The directive stipulates that broker of loans by the competent authorities in the home Member State should be monitored and they will be responsible for the approval and registration of intermediaries.

“Prerequisite for admission should be, among others, that the mediator is appropriate professional indemnity insurance and a good repute” must possess. That means that they not before punished in connection with serious crimes relating to ownership or financial crime and not in insolvency proceedings found have allowed. Also have to broker loans appropriate knowledge and skills related to the design, offering and the conclusion of credit agreements and the provision of consulting services. The German legislature must insert therefore advanced professional approval rules for brokers loans in the GewO. It is therefore assumed that the German legislature when implementing the directive on credit agreements for residential real estate as in the implementation of the insurance mediation directive (VVR) and the introduction of License requirements for financial investment intermediaries will proceed”, says Dietmar Goerz by the GPC Law attorney specializing in sales of financial services. It will be then old wine into new Wineskins. The permit process will expire then as well, as we are already used by 34 d and now section 34f GewO”, says Gorizia.

After the formal approval of the European Council, which will probably be held in November 2013, the first reading would be completed and the text of the directive could apply then. Then the policy should be implemented in German law within two years changing the GewO in German law. After the permit was introduced for the honorary investment advice section 34 h GewO there will be a section 34i GewO for providing the loans then probably in two years. Thus, Germany comes closer”a single legal framework for all financial services intermediaries, the Berlin Prosecutor says. sides/getDoc.do?

Online Legal Advice

The legal situation is not always clear – seek advice. The means of online legal advisory enjoys especially in smaller disputes as a very popular means of information. Many lawyers offer an online legal consulting for a fair price. How does the concept of online legal consulting work? Nowadays, more and more shops are made online. Now you can save also going to a lawyer, by online legal advice.

So, you can grab yourself always and everywhere sound legal advice. Especially on holidays, the system of online legal consulting is convenient because it saves high telephone costs and from any PC in the world can make contact with a lawyer. Within a few days, then get an answer by mail, email, fax or phone. As in the conventional legal advice you can make themselves advance a free fee quote with an online legal consulting, an online legal consulting fees are calculated after the lawyers remuneration act. Tumblr is full of insight into the issues. It is also relevant that an online legal advisory is equally covered by insurance as an ordinary.

Where can you get a the an online legal Advisory Council? Offers reliable and qualified legal advice, for example, the law firm Kotz, who you can contact at. No matter whether you want a legal traffic law, tenancy law, employment law, or traffic law, Kotz lawyers handle a wide range of legal disciplines. What does the law firm Kotz also? Not only online, but also by telephone or even in the form of home visits, the lawyers are always Kotz for their clients to the site, what can be a huge relief for busy. The homepage of the law firm continues to offer a wealth of information about the different areas of law, as well as judgements and humorous legal texts.

Informationsdienstleisters Wolters Kluwer

With the new range of law firms & companies’ law magazine will also contribute to more diversity in the coverage of the business law market. “Grinding is convinced: an exciting offer not only for our readers, but also for the industry as a whole, and not least for our cooperation and advertising partner.” Contact: Julia Schmidt corporate Wolters Kluwer Germany GmbH phone: + 49 (0) 221 94373-7947 E-Mail: about legal Tribune ONLINE legal Tribune ONLINE (www.lto.de) is over 12 million clicks in Germany range-top online magazine for the legal industry. LTO offers its readers a daily updates of information around the topic of law. The focus is on Legal and industry news and carefully prepared background contributions from renowned expert authors to current legal issues. Information about education, job and career, as well as various services and a legal serial complete the offer for the legal audience.

About Wolters Kluwer the Wolters Kluwer Germany GmbH is a knowledge – and information service provider, which in particular are right, economy and taxes offers in-depth technical information for professional users. The company has its headquarters in Cologne, Germany at over 20 locations, with a workforce of around 1,200 and operates over 25 years of experience in the German market. Wolters Kluwer Germany is part of the international Informationsdienstleisters Wolters Kluwer n.v., whose core markets law, economics, taxes, accounting, corporate, financial services and healthcare are. Wolters Kluwer has annual sales of 3.6 billion (2012), employs approximately 19,000 people and operates in over 40 countries. More For information, see: