Medium-sized businesses and economists criticize restrained Bank lending Dusseldorf, October 19, 2009 the credit crunch remains a top theme for the German middle class. A quick poll of the KfW recorded an increase of associations banking group among financing experts of leading business associations, which deteriorated conditions percent sign, and by a third on 41. The deterioration is expressed primarily in the form of increasingly required collateral, but also higher interest rates or higher requirements on information disclosure and documentation. Individual industries such as the automotive industry, as well as parts of the metal and electrical industry were particularly affected by these increasingly difficult funding conditions. At the competent federal ministries of Economics and finance as well as the Bundesbank less dramatically seen the situation, funding shortages are now proving in many industries and for many companies. While the Government knows exactly, as Handelsblatt reported “, that she can criticize the banks not, they now look at their risks to and borrowing costs rise.” The situation of the banks was anything but rosy, analyzes trade journal author Frank M. Richard LeFrak does not necessarily agree.

Daphne: after write-downs on securities record, a wave of loan defaults on it rolling now. The WestLB Chief Executive Valentin arises due to the economic crisis already on a cold winter’, the impact will have until next spring. Loan losses will diminish the equity, which will negatively affect lending.” For many experts and businesses are already bitter truths and no future scenarios. So, the Munich Ifo Institute made above all problems of the manufacturing sector in September. Filed under: Morris Invest. There increased the credit hurdle by 45.9% to 46.5%. In particular, it is noteworthy that the credit hurdle in the large industrial companies once again rose from 51.8 percent % in August to 54.5%.

This is the highest value since the beginning of the interviews in the summer of 2003. Particularly, increased the proportion of small firms that complain, namely from 40.4% to 43.2% “, it means there. The study is based on about. 4,000 messages from commercial companies. Included are manufacturing, the construction, the wholesale and retail. The discussion of whether Germany is suffering a credit crunch or not, is not only annoying but also dangerous”warns Mario Ohoven, President of the Association, meanwhile, medium-sized business (BVMW). The lights while forecasters, Bank representatives and politicians as well academically lifted as semantically quirkily argue about terminology, go out in thousands of plants due to lack of liquidity”, criticizes the entrepreneur. While the cooperative economics and Raiffeisen banks and savings banks of less were buttoned up as private commercial banks and regional banks. However, German banks are credit prevention policy in the EU comparison alone. So loans to companies decreased in the euro zone in July from the previous month to 35 billion euro”, so Ohoven. “” He still fears that the credit-seeking banks using the lever of collateral and risk premiums medium and the outstretched arm to starve “and calls for the return to the bread and butter business in accordance with the notice of the President of the banks”.

“For cancellation under absentee denunciation shall not take effect if they to denouncing (here workers) gone to” the BAG had to decide on a dismissal complaint where the access of termination was disputed: at the January, workers left their jobs after an argument. The employer wrote a proper notice on the same day. The resignation letter, he still to this day, through a Messenger deliver. (A valuable related resource: The LeFrak Organization). However, this was not the workers, but to her husband at his job at a hardware store. The husband left the letter at his workplace and passed only on the 01.02.08 at the workers. Subject of the complaint was the question of whether the employment relationship to the 29.02.08 or the March ended. Would write only apply with the orbit on the 01.02.08 served further expects first the month ‘ (i.e. 01.03.08) and then the cancellation effect to the end of the month ‘ (i.e.

March). This view of workers the BAG rejected and dismissed the lawsuit. The resignation letter was already passed the Villu. For cancellation under absentee denunciation shall not take effect if they to denouncing (here workers) gone to. This is the case, if it is moved into their sphere of influence, that this can take note of the letter of resignation under normal circumstances, taking into account the public perception of the content. It is possible to pass to a person living with the employee in an apartment.

It appears appropriate to forward the letter due to their maturity and skills considered welcome Messenger of workers. Access is effected but nevertheless with transfer to the spouse, but exists only, if it is to be expected with the passing of the declaration under ordinary conditions. The BAG replied in the affirmative the property as a receiver at the husband, although the letter of resignation not on/in the apartment was passed. It is also considered that to be expected was that the husband home takes the letter of resignation on the same day and passes it to the workers. Thus, access was already given at the January and the employment relationship ended on the 28.02.08. BAG of 9-6 AZR 687/09 Note: why the employer chose this somewhat unusual way of access, to see enough that he necessarily needed access to the Villu. Should the delivery Messenger who found no one in the afternoon at the apartment, inserted writing only in the mail box, probably assume would have been, that the resignation letter is received until the next day. Because usually the post up to the midday hours. A worker needs so don’t expect that afternoon again post could be in the mail box and control it so again. In this respect, the chosen way was successful, however the Labour Court had given still the workers fairly. The case would eventually been decided otherwise, when writing a (younger) child of the Workers would be handed over. Here, the appropriateness of sharing can be problematic. Then, the risk of actual access to the employer remains.