What Is the (Main) Payment Method for Debtors to Pay Their Debts in Germany? What Kind of Regulation Do Authorities Have on That Payment? (e.g. Exchange Controls)

Contributed by Dr. Stephan Ebner, DRES. SCHACHT & Kollegen, Germany.

The main payment method for debt paying is by bank transfer.

Usually, there are not many restrictions for this payment method.

Contributor: Dr. Stephan Ebner

Agency/Firm: DRES. SCHACHT & Kollegen

Position/Title: Rechtsanwalt, Attorney at Law (NY)

Country: Germany / USA

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The Q&A Global is a special column run by CJO Global, and serves as a knowledge-sharing platform to facilitate peer learning and networking, and to provide the international business community with a global landscape of this industry.
This post is a contribution from Dres. Schacht & Kollegen. Dres. Schacht & Kollegen was founded in 1950 and is a law firm with four offices in Germany. They advise and represent domestic and foreign companies, institutions and individuals in all legal and strategic matters.

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