BGPartner wins important lawsuit against PostFinance.
29. July 2022
Banking and financial markets law: The pilot case of a PostFinance customer concerns a payment processing breakdown in connection with the online casino Jackpots.ch, which made headlines two years ago. Payment orders relating to play money purchases had not been executed for over two months. After discovering the glitch, PostFinance debited the stuck orders in a single day, driving around 1,000 online gamblers in Switzerland into massive negative balances. BGPartner has now achieved a far-reaching victory in a pilot case in the first instance. All debits that violated an overdraft limit, were made unlawfully. The court of first instance accuses PostFinance of a gross breach of duty. PostFinance will very likely appeal the ruling. The case was led by Kathrin Straub (Of Counsel).