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The authorisation (permit) is a conditionally unilateral decision. The necessary prerequisite for its legally valid issue is the application of the recipient of the disposal. According to its content, the permit is an exemption from a general legal requirement or prohibition that is effective in the individual case.

Term-Nr.: 105

German: Bewilligung (180)

Source: LK-Lötscher, 11.05.2020

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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