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Banking & Financial Services

24 November 2020
Stephan Schmalzl Oops, I did it again: Austrian banks' terms and conditions and PSD II

Austria - Schima Mayer Starlinger

The European Court of Justice (ECJ) recently responded to the Supreme Court's request for a preliminary ruling and issued a decision with respect to a dispute concerning the standard terms and conditions of Deniz Bank. The ECJ also addressed an additional issue relating to the relationship between Article 52(6)(a) of the EU Payment Services Directive on tacit consent and the EU Unfair Consumer Contract Terms Directive.

Author: Stephan Schmalzl
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Anand Shah Securitisation trends and developments

India - AZB & Partners

Securitisation as a structured finance mechanism has several commercial advantages, including balance sheet and risk management, increased liquidity, cost-efficient financing, the marketability of the resulting securities and the opportunity for portfolio diversification. With the continuing need for liquidity by non-banking financial companies, the growing appetite of investors and the developments on the regulatory front, securitisation is likely to remain on the upward curve in the near future.

Authors: Anand Shah, Hufriz Wadia
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Recent updates

Bernardo Freitas CVM eases investment crowdfunding rules

Brazil - Freitas Ferraz Advogados

Authors: Bernardo Freitas, Isabela Ardaya
Anand Shah RBI issues regulatory framework for housing finance companies

India - AZB & Partners

Authors: Anand Shah, Hufriz Wadia, Kemi Gupta, Neeraj Nainani