Consumer Loan Deferrals During the Corona Crisis Questions and Answers Berlin, 30.03.2020 by Peter Kleinwächter Draft legislation to limit the impact of the COVID-19 pandemic in the civil, bankruptcy and criminal court systems 1. What loans are covered by the legislation? Consumer loan contracts concluded prior to 15 March 2020 are covered. A consumer loan contract is a loan contract which a consumer enters into to borrow funds for private purposes. 2. Are business entities allowed to take advantage of the deferral rules? Only consumer loan contracts as defined above fall within the scope of the deferral rules. Whether a specific loan contract is covered by the rules depends on the borrower’s status as consumer. Loan contracts concluded for private purposes may be covered even though the individual is also a business entity, for example if a restaurant operator takes out a loan contract to finance the purchase of a home. Loan contracts concluded by a business entity...

German real estate financing in times of the Coronavirus pandemic-COVID-19. A stocktaking-analysis Berlin, 23.03.2020 by Peter Kleinwächter None of us have ever experienced an economic crisis to such levels as we are seeing today, caused not by a weakening economy or bank excesses as in 2008 / 2009, but by a global pandemic COVID-19. Even the author of these lines is confronted with this for the first time in his 30-year career. Due to his close contacts with players in the real estate market and the financing institutions, especially in the last 14 days, he is able to give a first status description. Existing real estate​ Due to the high degree of infection by the Covid-19 and subsequently the mandatory requirement of social distancing, this hinders the usual process in the acquisition of property purchasing, in particular the existing property market, for the foreseeable future. What we would consider to be a standard process...

Have you done a lot for your employer over the past few months and developed yourself further? Then you deserve a pay rise, too. For those who don’t want to wait until their next annual appraisal, there are five classic situations that each provide the perfect occasion for a successful salary negotiation....

When purchasing a property, the seller's building insurance is transferred to the buyer. Natural hazards, outstanding premium payments and conversion - things the new owner should pay close attention to....