Foreign legal entities directly or indirectly (via subsidiaries) owning or purchasing real estate in Germany must notify the details of their ultimate beneficial owners (UBO) to the German Transparency Register unless they have already duly registered their UBO(s) with the UBO register of another EU member state. Based on recently…
In order to strengthen consumer rights, the legislator has promulgated the German Fair Consumer Contracts Act [Gesetz für faire Verbraucherverträge] by making some significant changes to the German Civil Code [Bürgerliches Gesetzbuch – BGB] concerning the structuring of obligations arising from legal transactions by way of general terms…
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