The reform of the Rechtsanwaltsvergütungsgesetz has been put into force on August 1st, 2013

By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. On August 1st, 2013, the RVG (“Rechtsanwaltsvergütungsgesetz” = German Attorney Remuneration Law) has been put into force. The RVG exists since July 1st, 2004 and superseded the Bundesrechtsanwaltgebührenordnung (German Federal Code of Lawyers’ Fees = BRAGO). Most attorneys do their statement of fees on the basis of the regulations of the RVG. Every activity of

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Poker players must pay taxes on their winnings in Germany

By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. The German finance court of Cologne has ruledthat poker is a game of skill.  The ruling is in response to poker player Eduard Scharf´s claims that his poker winnings shouldn’t be taxed because poker is a game of chance, and “anyone can win a game of poker.”  The court disagreed, ruling that “he had to pay

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Insurance against piracy for shipowners in Germany

By: Carsten Lexa, LL.M. A group of German insurers will help shipowners in cases of war risks. For the first time, shipowners in Germany can get insurance against war risks. Shipowners will be able to insure their cargo ships against the consequences of martial conflict and pirate attacks. Normally, German shipowners insure their cargo ships against these risks in London

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The US credit card business – Credit CARD Act 2009

By: Carsten Lexa On August 13th, 2009, I wrote an article here on Commercial Law International about the “secrets” of the US credit card business and about how the existing rules make it hard for customers to pay off their credit card debt. On November 3rd, 2009, I wrote in a the second article about a Goverment proposal regarding new legislation for

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The US credit card business – reloaded

By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. On August 13th, 2009, I wrote an article here on Commercial Law International about the “secrets” of the US credit card business and about how the existing rules make it hard for customers to pay off their credit card dept. Now, a new Goverment proposal tries to help customers to reduce their credit card

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Commerzbank sued for millions by former Dresdner Kleinwort traders

By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. A group of 72 former Dresdner Kleinwort traders have sued the new owner of Dresdner Bank AG, Commerzbank AG, claiming it reneged around 34 million Euros of guaranteed bonus payments. The traders argued that their bonusses were guaranteed before Commerzbank Bank´s 5 billion Euros takeover of Dresdner Bank and should not be affected by

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