If the person giving third-party notice does not provide information on an upcoming date for proceedings, the information on the status of the dispute under Section 73 of the German Code of Civil Procedure (Zivilprozessordnung – ZPO) is considered incomplete. The third-party notice thereby neither has the effect of suspending the statute of limitations in terms of material law nor that of procedural intervention. This is what Düsseldorf Higher Regional Court decided in its judgment of 16/05/2024 (2 U 75/23), cf. IBRRS 2024, 2416.
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Regardless of whether you run a business, an institution or represent a family office, top-quality tax advice is more important for success than ever. We offer...
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Regulatory changes, pressure on cost management, the need to grow, and increased investments in technology and data are dominating the financial services...
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We continue to see the German private equity market on the rise. Private equity investors currently possess substantial capital resources. Here the German...
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The focus of our work is to assist companies in all sectors in structuring their businesses. In this way we create the conditions for the company to function as well as it can.
In our Grant Thornton network we have extensive experience stretching back over many years in advising local and international companies and groups of companies in all areas of business law.
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Are you looking for comprehensive legal advice for companies? Contact Dr Thomas Griebel and the experts with him. They will be glad to help!
News & Insights
View more
Court judgment on the suspension of limitations
No suspension of the statute of limitations if third-party notice is incomplete
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3 min read
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07 Nov 2024
Greenwashing?
The BGH rules on advertising using terms like “climate-neutral”
The Federal Court of Justice’s decision on ambiguous terms related to the environment (specifically, the case was about using “climate neutral” in relation to confectionery, but it also applies generally to terms like “carbon-neutral”, “greenhouse gas neutral”, “environmentally friendly”, etc.) set strict standards on environmentally related advertising. Companies must already be clear and unambiguous in their advertising when using terms related to the environment, otherwise they can face cease and desist letters from associations or competitors. They can also receive bad publicity for greenwashing.
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3 min read
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05 Nov 2024
Construction law and insolvency
The Federal Court of Justice (BGH) gives precedence to protecting the creditor
If a construction contract is terminated for an important reason under Section 8(2) of the German Construction Contract Procedures (VOB/B), this is valid and permissible for insolvency law. But creating a set-off situation (payment of work against claims for damages) is detrimental to the creditor and can be contested.
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3 min read
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22 Oct 2024
Our awards
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