Frankfurt vs London – Brexit: An Opportunity for Frankfurt to Become a New Hub of Litigation in Europe?

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Eintracht_Frankfurt_Logo_svgEintracht Frankfurt has had a great run in the first half of the current Bundesliga season, eying a spot in next season’s Europa League or, behold, even a Champions League slot. So matches between Frankfurt and one of the London teams appeared a real possibility. More recently, Eintracht’s losing streak of five straight matches has cast some doubt over these ambitions, even though the team just about manage to hold on to a Europa League Slot for now. But of course, there’s the Brexit-induced battle between London and Frankfurt for the lead role in the European financial services sector that will go ahead in any event. Continue reading

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German Institution of Arbitration: Model Arbitration Clause for ISDA Master Agreement

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dis-logoThe German Institution of Arbitration (DIS) has issued a model arbitration clause specifically tailored for use with the 2002 ISDA Master Agreement, the financial industry standard service agreement for OTC derivatives transactions. DIS views this as “yet another step in broadening the DIS’s portfolio for different industry sectors and attracting new domestic and international users.” Here’s a closer look: Continue reading

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Germany’s Position on Pre-trial Discovery Softens!

civ0062 - Hague ConventionYou read it here first, back in 2013, but at the time with a question mark, and then again in 2014 and 2015. Finally, 2017 is the year it is actually going to happen: Germany is about to change its approach to discovery of documents under the Convention of 18 March 1970 on the Taking of Evidence Abroad in Civil or Commercial Matters, commonly known as the Hague Evidence Convention. The bill that would remove Germany’s reservation pursuant to Article 23 of the Convention* has been introduced into Parliament. It passed the Upper Chamber (Bundesrat) late last year without any objections. Continue reading

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Seizure of Bank Accounts in Europe: European Account Preservation Order Available Now

1024px-Flag_Map_of_European_UnionOn January 18, 2017, new rules governing the seizure of bank accounts in the European Union came into force: The EU Regulation No 655/2014 of May 15, 2014 established a European Account Preservation Order (EAPO) to facilitate cross-border debt recovery in civil and commercial matters. The EAPO procedure is available immediately.  Continue reading

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