“Playing” with a bank in Russia

By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M.

A 42-year-old Russian man won an interesting case against a Russian bank. This man received an unsolicited credit card offer from online bank Tinkoff Credit Systems. Unhappy with the credit card terms, the man scanned the term sheet, wrote in some new terms of his own, signed the document and send it back. The bank approved the contract without reading the new terms (this fact was only found out in court after the bank sued the customer). Funny: the interest rate for the card was o %, credit was unlimited and fees were “0”. In addition, there was a stipulation that the bank pays fines for changing or canceling the contract.

The man used the card for about 2 years. Then the bank canceled the card and sued because of outstanding fees, interest  and late-payment fees. However, the man won gainst the bank! Now he sues the bank for $ 727.000,00 for not honoring the contract terms (the new ones written by himself, regading the stipulation that the bank has to pay a fine for canceling the contract). Let´s see what the result will be….

For inquiries please contact the author: kontakt@kanzlei-lexa.de (www.kanzlei-lexa.de)


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About Carsten Lexa

Carsten Lexa, LL.M. holds an LL.M. in International Commercial Law from the University of Westminster in London, UK. He has been an Attorney at Law in Germany since September 2005: He was Associate Attorney at the law firm of Lachner Graf von Westphalen Spamer in Frankfurt am Main until May 2007 (Commercial Law / Corporate Law) and has been a Partner in the law firm of WPV Rechtsanwälte until May 2009 dealing with Commercial Law / Corporate Law / Contract Law matters. In June 2009, Carsten Lexa established his own law firm, advising corporate clients, especially family businesses, in the areas of Commercial, Corporate and Contract Law matters (Website: www.kanzlei-lexa.de). Carsten Lexa is also engaged in the academic side of the Law, being appointed Examiner at the Julius-Maximilians-University in Würzburg, and he is seminar facilitator in the field of claim management, company formation and company restructuring. Since 2010, he is also associate professor at the University of Applied Science in Würzburg.
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