German Federal Court of Justice: Lesees Have No Right of Revocation for Kilometre-Based Leasing Contracts - McDermott Will & Emery

German Federal Court of Justice: Lesees Have No Right of Revocation for Kilometre-Based Leasing Contracts

Overview


BGB § 355, § 495, § 506 Abs. 1, Abs. 2

The Federal Court of Justice ruled: The regulations on paid financial aid are not applicable to leasing contracts with mileage accounting. The verdict was preceded by a long controversy in literature and jurisprudence. The court’s decision has far-reaching consequences for practice. Dr. Sebastian Keding and David G. Schäfer classify the judgment.