Terms of use

I. General terms of use

1. The publishing association WERTPAPIER-MITTEILUNGEN Keppler, Lehmann GmbH & Co. KG (hereinafter referred to as "Börsen-Zeitung") offers extensive information and services via the Internet portal boersen-zeitung.de. Some of these can be used free of charge in the generally accessible part of boersen-zeitung.de, but some are subject to a charge and can only be used against payment of a fee. The offers subject to a charge are reserved for the closed area of boersen-zeitung.de Premium, insofar as they cannot be obtained in the boersen-zeitung.de document service via a billing system. Further special terms of use may apply to access to this area or to the fee-based offers in detail. The following general terms of use apply to all offers in the online offer of boersen-zeitung.de, irrespective of the obligation to pay, unless the applicability has been expressly restricted, supplemented or excluded.

2. The Börsen-Zeitung is entitled at any time at its own discretion to change, limit, further develop or maintain or terminate the scope, type and content of the services offered via boersen-zeitung.de or to make offers that were previously free of charge available only against payment, to discontinue the operation of boersen-zeitung.de or to transfer it in whole or in part to third parties. Fees paid in advance for offers in the boersen-zeitung.de Premium area that are subject to a charge will be refunded on a pro rata basis in the event of its discontinuation.

3. All websites and contents of boersen-zeitung.de as well as the services offered by boersen-zeitung.de and to which the user is granted access are protected by industrial property rights (in particular copyright, trademark, patent or other rights) and other laws within the framework of the statutory provisions and may only be used in the form, manner and way approved by the Börsen-Zeitung. The copyright etc. remains with the respective property right holder. Any - even partial - reproduction, distribution, publication or use of the web pages and contents, in particular in other electronic or printed publications or intranets, is not permitted without the express written consent of the Börsen-Zeitung. Furthermore, the user is not entitled to change or remove copyright notices, brand names or other comparable information in the contents.

4. The information and research results obtained through the use of boersen-zeitung.de are only intended for the non-commercial personal use of the user. The use of the contents of boersen-zeitung.de for commercial or other business purposes is not permitted without the special written consent of the Börsen-Zeitung. The subscription to the information only entitles the user to use it once. Duplication, distribution, reprinting and permanent storage of the data on the user's systems are not permitted. Without the express written consent of the Börsen-Zeitung, the user is not entitled to pass on the information or parts thereof to third parties, to provide or enable third parties to access it against payment or free of charge or to sell or otherwise distribute or publish it to third parties.

5. The information from boersen-zeitung.de, in particular financial data and price information, may only be accessed by the user in such a way that the complete website containing the information, including any advertising messages and other content that may be displayed there, is loaded in full onto the computer used to access the online service of boersen-zeitung.de. An isolated retrieval of only individual pieces of information is not permitted. The use of automatic update and query programmes and scripts is not permitted. The user undertakes to refrain from any access that does not comply with these terms of use.

6. The data, studies, comments, assessments, opinions, representations, articles, forecasts, classifications or other information contained in the online offer of boersen-zeitung.de or made available or accessible herewith - also via hypertext or other connections (links) to external Internet areas or websites - do not constitute investment advice, recommendation or invitation to purchase or sell securities or rights by the Börsen-Zeitung. They are for information purposes only and do not replace professional advice. The Börsen-Zeitung points out that securities, in particular shares and warrants, are generally associated with risks. The loss of the invested capital cannot be excluded. The user should therefore seek detailed personal advice with regard to his or her individual asset and investment situation before making any investment decision. The use of these Internet pages does not constitute the conclusion of an advisory and/or information contract with the Börsen-Zeitung. Insofar as securities are marked as "buy", "sell", "neutral" or similar in boersen-zeitung.de or are described accordingly, this is exclusively the reproduction of information of third parties who do not work for the Börsen-Zeitung or its account and on which the Börsen-Zeitung also has no influence. The Börsen-Zeitung does not adopt these classifications with the reproduction in boersen-zeitung.de.

7. The Börsen-Zeitung expressly draws the user's attention to the fact that the Börsen-Zeitung also obtains data and information from third parties as suppliers for boersen-zeitung.de in addition to its own content. For the data and information made available in the online offer of boersen-zeitung.de which is obtained from third parties and for which the Börsen-Zeitung is dependent on the services of third parties for the provision of its services, the Börsen-Zeitung assumes no liability for temporary or permanent interruptions in the provision. The Börsen-Zeitung merely ensures that the requested information can be made available for transmission on the web server.

8. The content, data and information published in boersen-zeitung.de have, in our opinion, been researched and compiled by the editorial team or suppliers with the greatest possible care. The Börsen-Zeitung also endeavours to constantly check the accuracy, completeness and up-to-dateness of the content, data and information contained in the online offer of boersen-zeitung.de. However, it is not possible for the Börsen-Zeitung to constantly check all information and data supplied by third parties. Control measures can only be carried out on a random basis due to the large amount of information and data supplied and their constant updating. Although the Börsen-Zeitung has no reason to assume that the contents of boersen-zeitung.de contain errors, neither the Börsen-Zeitung nor the suppliers can assume any guarantee or liability with regard to the correctness, completeness and up-to-dateness of the contents, data and information as well as the continuous updating of boersen-zeitung.de and the constant accessibility of the Internet pages. This also applies to the contents and contributions of other providers which are integrated into the online offer of the Börsen-Zeitung. The Börsen-Zeitung assumes no responsibility for these contents.

9. Access to boersen-zeitung.de is exclusively via the Internet. The Börsen-Zeitung has no influence on the performance of the Internet. The Börsen-Zeitung therefore accepts no responsibility for the user's access to the information of boersen-zeitung.de. In particular, the Börsen-Zeitung is not liable for disruptions in the quality of access to the Internet and data traffic on the Internet due to force majeure and due to events for which the Börsen-Zeitung is not responsible and which make the services of the Börsen-Zeitung considerably more difficult or impossible. The Börsen-Zeitung is also not liable for errors of third parties in the transmission of information.

10. The Börsen-Zeitung has included links to other Internet sites on its website, the content and updating of which are beyond the control of the Börsen-Zeitung. The following applies to all these links: The Börsen-Zeitung has no influence on the design and contents of third party internet web sites. The Börsen-Zeitung therefore expressly distances itself from the material of all third party internet web sites, even if the Börsen-Zeitung web site links to these external sites. This declaration applies to all links displayed on our homepage and to all contents of the pages to which the banners and links registered with us lead.

11. The financial advertisements reproduced on order in boersen-zeitung.de are intended only for users of the online services of the Börsen-Zeitung in Germany. Outside Germany, all third party advertisements contained herein must not be regarded as an offer to buy or sell or as an advertisement for the purchase or sale of securities or similar. Likewise, the information contained herein is not intended for users of Börsen-Zeitung online services in the United States of America or for US citizens. This applies on the one hand to persons who are US citizens or have their domicile in the USA. On the other hand, it also concerns partnerships or corporations incorporated under the laws of the United States, any of its states, territories or possessions.

12. The use of the access data for the premium area of boersen-zeitung.de and for the e-paper edition of the Börsen-Zeitung is limited to one person as an authorised user. The access authorisation of the authorised user will be confirmed by the publisher by e-mail or in writing. An authorised user can only be logged in once at a time by user name and password. The use of the services is limited to the number of three devices. If the user logs in again with a different browser or a different device, the previous session is automatically terminated.

13. Claims for damages by the user of boersen-zeitung.de against the Börsen-Zeitung, its employees, vicarious agents and assistants are excluded unless the damage was caused intentionally or by gross negligence or the claims for damages result from the breach of a warranted characteristic. This shall not apply in the event of a breach of material contractual obligations or of life, health or bodily injury or claims under the Product Liability Act. In the event of a slightly negligent breach of material contractual obligations, compensation shall be limited to the direct damage, the occurrence of which was typically foreseeable at the start of use. Liability for other damages is excluded.

14. The limitation period for warranty claims of the user against the Börsen-Zeitung is one year from the statutory commencement of the limitation period, unless they are based on intent or gross negligence. In the case of slightly negligent actions, the statute of limitations for liability for damages based on the breach of an essential contractual obligation shall be in accordance with the statutory provisions.

15. The law of the Federal Republic of Germany shall apply to all legal relationships of the user with the Börsen-Zeitung. Place of performance is Frankfurt a. M. For merchants, the exclusive place of jurisdiction is Frankfurt a. M.

16. Should individual provisions of these Terms of Use be or become invalid in whole or in part, this shall not affect the validity of the remaining provisions. Instead, the invalid provision shall be replaced by a valid provision that comes as close as possible to its economic meaning and purpose. The same applies to a loophole in the contract.

II. document service in connection with PayPal (Europe) S.à r.l. et Cie, S.C.A - PayPal

In the generally accessible part of boersen-zeitung.de, the user of boersen-zeitung.de may also be provided with documents and other information material such as prospectuses, annual and company reports as well as financial announcements and other announcements for individual retrieval for a fee via the PayPal procedure. In addition to the above-mentioned general terms of use, the following conditions apply:

1. The settlement of the subscription and the use of the respective offer takes place via the PayPal settlement system of PayPal (Europe) S.à r.l. et Cie, S.C.A . The Börsen-Zeitung is entitled to commission further third parties with the collection and settlement of remuneration. The Börsen-Zeitung also reserves the right to expand or change the payment options.

2. The contract for the subscription and use of the respective offer is only concluded if the user has provided correct and complete information both to the Börsen-Zeitung and to the Paypal billing system and has accepted both the terms of use of boersen-zeitung.de, boersen-zeitung.de Dokumentenservice and any general terms and conditions of PayPal (Europe) S.à r.l. et Cie, S.C.A..


3. When accessing a paid offer in the boersen-zeitung.de document service, the user is authenticated by PayPal and his access to the paid offers is logged. The PayPal billing system bills the user on behalf of and for the account of the Börsen-Zeitung in accordance with the use of the paid services. PayPal (Europe) S.à r.l. et Cie, S.C.A. creates a digital invoice for the user on behalf of the Börsen-Zeitung for each payment transaction according to the prices shown by the Börsen-Zeitung.

4. If documents and other information materials of third parties are offered for download in the boersen-zeitung.de document service, the service of the Börsen-Zeitung is merely to make them available for download. The Börsen-Zeitung is not responsible for checking the correctness and completeness of the content of documentation and information material of third parties integrated into the boersen-zeitung.de document service and does not adopt their content as its own by integrating it into the boersen-zeitung.de document service. The responsibility for these documentation and information materials and their contents lies solely with their authors or publishers.

III. e-paper ( boersen-zeitung.de/epaper)

The translation of the individual pages of the Börsen-Zeitung e-paper is carried out using an external service over which the Börsen-Zeitung has no control. This service provides automated electronic translations that only approximate the original content of the website. It does not produce an exact translation, which may therefore only be used for information purposes.

The Börsen-Zeitung does not guarantee the accuracy, reliability and timeliness of the information translated by this service and is not liable for any losses that may arise as a result. Certain documents and other content such as graphic buttons, scroll menus, illustrations and photos cannot be translated. Furthermore, applications and/or services may not function optimally after translation.

IV. Notice pursuant to the Consumer Dispute Settlement Act VSBG

The European Commission provides a platform for out-of-court online dispute resolution (so-called ODR platform) at https://ec.europa.eu/consumers/odr/. We are neither willing nor obliged to participate in a dispute resolution procedure before a consumer arbitration board.