Disclosure requirement on profit margins and commissions in the sales of securities
30 November 2012
Mayer Brown Legal Update
The disclosure requirement on banks’ remuneration in the sales of securities is the subject of numerous, sometimes contradictory decisions of German courts. The Federal Supreme Court (Bundesgerichtshof, BGH) took the opportunity to deal with this issue in various decisions, most recently in June and October 2012. The following sections will provide you with a summary of the BGH’s most current jurisdiction, which is in particular relevant for the sale of certificates.