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Commercial Court - 17 illegal clauses at Bank Austria

Published: July 5, 2010; 00:00 · (Vindobona)

17 clauses at Bank Austria conflict with the new payment service law, according to the Vienna Commercial Court.

Commercial Court - 17 illegal clauses at Bank Austria / Picture: © Uni Credit Group Bank Austria

The clauses however were formulated to adapt to these new laws.

The Consumer Information Association (VKI) sued on behalf of the Consumer Protection Ministry the Bank Austria (BA) Group action abolish the 17 terms in its GTC. The case against BA was vicariously initiated for several banks, who newly formulated their clauses.

New clauses for new law

On 11/01/2009,…

This article includes a total of 254 words.

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