CMS has automotive specialists with a wide experience in the automotive industry. We know what is going on in the sector and can give you personalized advice and assistance.
The automotive sector has its own highly specific legislation and regulations such as the European Exemption Regulation for the automotive sector (Regulation 1400/02). It is essential to be familiar with these laws and rules when drawing up and terminating dealer and financing contracts, automotive-related product liability and establishing and enforcing security interests.
In the case of problems to do with consumer financing (including the Consumer Credit Act and the Financial Services Act) or assisting companies in the automotive sector with relaunch scenarios and/or restructuring, expert legal assistance is vital.
Importers of cars and goods vehicles, car dealers, finance companies (including lease companies) and suppliers for the automotive sector can all be confronted with these kinds of situations.
CMS can assist you with such matters. On domestic as well as international matters, through our close collaboration with other European firms in the CMS organisation.