Romanian clients suing Volksbank Romania demand the court to find Volksbank International AG accountable for the local branch
There is a powerful judicial and economic link between the two companies that reveal that Volksbank Romania is subordinated to Volksbank International AG.
The request reads that the European Court of Justice considers, when banks breach competition laws or protection laws the main bank and its branch are considered one entity.
The consequence is that the main bank is responsible for the acts of the branch in Romania because the former coordinates the activity of the Romanian company. The request of the Volksbank clients who sued the bank therefore is for the court to find the main bank Volksbank International AG accountable for the acts of the Romanian branch.