Finance
Anyone running a business usually requires external finance. Lenders, however, require collateral. The German legal system provides a strong framework for efficient and legally certain loans.
Whoever is registered in the land register as a mortgage does not have to worry about the borrower becoming insolvent. A registered mortgage can realise the property, taking priority over all other creditors. This protection has a binding effect on everyone.
With mortgage bonds (Pfandbriefe), the German jurisdiction has provided the banking sector with an internationally recognised and legally certain refinancing tool.
A Pfandbrief is a bond issued by a Pfandbrief bank. Its main feature is the fact that the investor does not have to rely on the credit rating of the issuing bank alone, but is – in the event of an insolvency of the issuing bank – also secured by a pool of cover assets (Deckungsmasse) of mortgages or public sector loans, which is reserved for the Pfandbrief holders.
In Germany, efficient financing solutions in trade and commerce are also created through flexible structures for chattel mortgages.
So it is for example possible to stipulate retention of title to a sold machine to protect its rights. As a result the seller of a sold machine remains the owner of the machine until payment of the last purchase price instalment is made and is therefore also protected in the event of insolvency of its customer.
A non-possessory lien by way of a chattel mortgage (Sicherungseigentum) and the retention of title secure the lender, even though the lender is not, or no longer, in possession of the chattel. In this regard, German law is considerably more flexible and efficient than other legal systems where a security interest can only be created if the secured party is in possession of the chattel.
Furthermore, German law permits the assignment of receivables by way of security.
Lawyer Hans-Oluf Meyer
Hans-Oluf Meyer (1969) is both Danish and German lawyer. He provides advice predominantly in German/Danish legal matters in areas of international contract law, international private law and litigation. In Danish law he basically focuses on contract law, company/commercial law and the tort law.
advokatfirma | meyer
Kurfürstendamm 57
D 10707 Berlin
Tel +49 (0)30 31 51 89 69 0
Fax +49 (0)30 31 51 89 69 9
E-Mail: contact@advokatfirma.de
is Team Rynkeby Sponsor
NEWS
30.01.2024
Als Spezialisten für die Vollstreckung von Titeln (z. B. Gerichtsentscheidungen) auch in Dänemark verfassten die Rechtsanwälte Meyer und Ellendt für das Berliner Anwaltsblatt einen kurzen Autorenbeitrag hierüber. Dieser erschien im Berliner Anwaltsblatt im Heft 10/2023, 72. Jahrgang. Den Text können Sie hier lesen.
20.04.2022
Lawyer Hans-Oluf Meyer takes over the authorship for the thesis on the legal situation in Denmark in case of traffic accidents for the Deubner-Verlag as part of the work „Verkehrssachen – Mandate zügig und erfolgreich bearbeiten“ (Stand Februar 2022).
10.03.2022
advokatfirma | meyer støtter Team Rynkeby som guldsponsor
Team Rynkeby is well known in Denmark, but since its foundation twenty years ago it has become a European project where charity cycling teams from several cities in Europe cycle from their home destination to Paris in the same week to watch the end of the Tour de France. The aim is to raise money for children’s cancer funds in each country. Today, the German juice group Eckes-Granini with its three brands Rynkeby, Go Morgen and hohes C is behind the project. Today, Team Rynkeby consists of 2,400 exercise cyclists and 550 volunteers in 59 local teams from Denmark, Sweden, Finland, Norway, Faroe Islands, Iceland, Germany and Switzerland. In July 2022, for the first time, a team of 30 cyclists, including lawyer Hans-Oluf Meyer, will cycle about 1,200 km from Berlin to Paris within a week to meet the other teams. 2022 will be a special year for the Danish participants, since the Tour de France starts in Denmark. In 2020, Team Rynkeby could give € 8.79 million to organisations helping children with critical illnesses. Of this, € 152,749 went to the German Children’s Cancer Foundation. Since 2002, the cycling teams have cycled and raised more than € 75 million.
01.10.2021
September 9th lawyer Hans-Oluf Meyer in collaboration with the Ministry of Foreign Affairs’ Trade Council and the Trade Department at the Danish Embassy in Berlin participated in a Masterclass Workshop at Food Nation at Axelborg in Copenhagen with a presentation on the legal challenges of export and establishment in Germany. Participants were Danish companies that market their food products in Germany and that want to increase their activities in the German market.
26.03.2021
advokatfirma | meyer and Novasol tenants are confirmed by the Danish consumer ombudsman in Corona cases: Novasol cannot retroactively change terms of business. The newspaper The Nordschleswiger reports:
Read more
29.10.2020
“If force majeure applies to Novasol, this must also apply to the consumer.” Attorney Meyer has complained about Novasol’s unilateral change of business terms in the midst of the pandemic. The newspaper Lübecker Nachrichten reports:
Read more
31.08.2020
advokatfirma | meyer wins in third instance a decisive process for German road accident victims at the Danish Supreme Court, Højesteret. The case concerned the fundamental question of which law is applicable if a German car causes an accident on a business trip in Denmark and the employees want to bring claims against their employer.
15.08.2020
Dänische Ferienhausvermittlungen und die Covid-19-Pandemielage
Read more
30.07.2020
Artikel in “Der Nordschleswiger”: Enttäuschte Mieter gehen gegen Ferienhausanbieter vor
Read more
06.04.2020
Ausgewählte Informationen zu aktuellen Entwicklungen im Recht der Kurzarbeit, im Arbeitsrecht, im Insolvenzrecht, im Mietrecht und im Zivilrecht zu Zeiten der Sars-Cov-2-Pandemie
Read more
ABOUT US
The Danish founder and partner of the lawfirm Hans-Oluf Meyer has successfully transferred the Scandinavian way of team-work into our German law firm and we are therefore very glad to present a high standard concerning both our reachability towards our clients as well as our legal advice, as our cases are regularly surveyed by more than one lawyer.
TVS – Newscast:
15. juli 2012 19.30
Following the main news on July 15, 2012, Danish television showed a report with and about attorney Hans-Oluf Meyer and his law firm in Berlin (the program is in Danish):