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On 15 December 2009, the German Federal Court allowed a consumer to cancel a payment protection policy even though the consumer could only strictly rely on a cooling off cancellation right under the consumer loan agreement
On 22 October 2009, the ECJ released its judgment in the case of Swiss Re Germany Holding GmbH v Finanzamt München für Körperschaften (Case C-24208), confirming that a transfer of a portfolio of life reinsurance contracts, outside of a business transfer, will be subject to VAT at the standard rate
In a final decision published on 23 September 2008, the Düsseldorf Court of Appeal recently annulled a decision taken by the German federal cartel office (the Bundeskartellamt) prohibiting the creation of an insurance pool and gave some crucial guidance on the criteria to be applied to define such pools with respect to the insurance industry
In a final decision published on 23 September 2008, the Düsseldorf Court of Appeals recently annulled a decision taken by the German federal cartel office (Bundeskartellamt) prohibiting the creation of an insurance pool and gave some crucial guidance on the criteria to be applied on the market definition with respect to the insurance industry
