New act affects withdrawal rights on real estate agreements

Real Estate & Construction

ILO Newsletter, 08. August 2014

Parliament recently passed a bill to implement the EU Consumer Rights Directive (2011/83/EC). The act affects consumers´ rights to withdraw from certain contracts concluded outside the trader´s ordinary place of business and those concluded using distance communication. This update focuses on the effect of the act on real estate-related agreements.


Dr. Martin Foerster

LL.M. (LONDON) Partner