New law for fair consumer contracts

The Federal Ministry of Justice has presented a draft bill that is intended to further improve the legal position of consumers vis-à-vis companies and…

The Federal Ministry of Justice has presented a draft bill that is intended to further improve the legal position of consumers vis-à-vis companies and which is also intended to ensure that not only the conclusion of contracts takes place under fairer conditions, but also that the contractual terms are subject to more balanced regulations.

The draft bill provides for the following measures, among others:

Professionals and associations have the opportunity to comment on the draft bill until February 24, 2020.