by cyberraven | Oct 12, 2021 | Compliance, Contracts, European Union
As part of the new Fair Consumer Contracts Act, [Gesetz für Faire Verbraucherverträge; published in the Federal Gazette (Part I) no. 53/2021, p. 3433 et seq., full text publicly available (in German) Germany will soon require specific cancellation/termination...
by cyberraven | Jun 17, 2021 | Compliance, Contracts, European Union, Financial Institutions
With a judgment dated April 27 and published on June 4, 2021, the German Federal Court (Bundesgerichtshof – the “Court”) declared unfair and therefore illegal and unenforceable a common way to make changes to terms and conditions (“T&Cs”) used vis-à-vis consumers...
by cyberraven | Jun 8, 2021 | European Union
Companies contracting with consumers have to take care to ensure their agreement terms are enforceable. In one of the first post-Brexit decisions on issues in an online consumer contract, a UK court recently showed that principles of fairness and transparency remain...
by cyberraven | May 24, 2021 | Artificial Intelligence, European Union
After the presentation of a general “European Approach to Artificial Intelligence” by the EU Commission in March 2021, a detailed draft regulation aimed at safeguarding fundamental EU rights and user safety was published today (“Draft Regulation”). The Draft...
