Hypo Group’s Silence Bewilders Bayern LB

People ♦ Published: March 21, 2013; 17:06 ♦ (Vindobona)

Bayern LB is puzzled as to why former affiliate, Carithian Hypo Group, has not shown any efforts to state their position before court.

Hypo Group’s Silence Bewilders Bayern LB / Picture: © BayernLB

In a legal dispute about the payback from credits in the Regional Higher Court Munich, Hypo Group ‑ according to Gerd Häusler, chairman of the managing board – has not defined its version yet. To him this kind of behavior by a debtor not trying to explain his allegations in a trial is new.

In mid-December last year, nationalized Hypo Group has announced to stop making…

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