Füssen celebrates partial success: Court stops risky swap shops!

Füssen celebrates partial success: Court stops risky swap shops!

Füssen, Deutschland - The Munich Higher Regional Court recently made a judgment that means a partial success for the city of Füssen in the long -term legal dispute with the private bank Hauck Hähhäuser Lampe (HAL). According to Merkur was partially granted after the court on June 2nd In 2025, certain swap transactions that were offered under false labeling were declared ineffective.

Mayor Maximilian Eichstetter was relieved after the verdict and spoke of success for the city. The decision enables Füssen not only a financial relief of around 2.5 million euros, but also the repayment of a credit of around 800,000 euros. The city should be a little less concerned about its financial obligations in the coming years.

ineffective swap transactions and their consequences

The judgment is open that the city of Füssen has been confronted with speculative risk recommendations in the past that had been pronounced by the bank. The Higher Regional Court found that only swap transactions permitted under local law may be offered and that there should be clear guidelines for the advice of communities. It was also made clear that some of the completed businesses enjoy legal certainty without speculative character, while others were considered inadmissible.

The city of Füssen is also entitled to reversal the exchanged payments. This means that the payments already made should be reversed on the part of the city and the bank via an existing account. Specifically, the city received an assurance that only such swap transactions are offered that correspond to the local law requirements, which was not the case in the past.

Legal framework for swap transactions

A look at the legal situation shows that not only feet are affected by the problems related to swap business. In recent years, many municipalities have concluded contracts that have often brought them more problems than solutions. As hee-rechtsanwaelte.de Call phone to the information and consultation.

dishes such as the Düsseldorf Higher Regional Court have already decided that banks are obliged to properly inform municipalities about risks. These regulations are particularly crucial for SWAP transactions, since the risk of loss for the municipality is often higher than for the bank. In this context it becomes clear that the requirements for information and advice for municipalities should be no less strict than for private companies.

Overall, the judgment of the Munich Higher Regional Court shows that the city of Füssen is going up. Despite some of the still unresolved questions, approval of the local law aspects of the SWAP business remains significant progress. Mayor Eichstetter continued to express satisfaction with the decision, even if the judgment is not yet final.