Our company's origins trace back to a small group of dedicated private entrepreneurs with the goal of collectively participating in promising and profitable business models (Club Deals) with significant development potential. Our focus lies in the core areas of financial investments (including Bridge and Mezzanine Capital) and Real Estate. Typically, all of our engagements are funded with 100% equity. From this history, our business model has evolved into the realm of alternative financing.
 

As we all know, the real estate business is complex and capital-intensive! The financing risks from banks and external capital providers are enormous, leading to constant diversification of their credit portfolios. The lending mechanisms of banks, the traditional lenders for real estate
entrepreneurs, have become notably more challenging, especially after the last financial crisis. Additionally, regulatory interventions such as Basel I to III have created high and often
insurmountable hurdles for many property developers and project managers. The majority of property developers and project managers, due to their medium-sized structures, are not set up for direct financing through the capital market via stock and bond market issuances. Crowdfunding, raising capital through crowdfunding platforms, is also often not the suitable instrument due to rapid capital needs and market dynamics. Therefore, the real estate industry requires alternative, intelligent, and innovative financing instruments as fuel. To secure a promising project, property developers and project managers must be able to act
quickly to make a short-term acquisition decision. Due to internal regulations, financial institutions often take weeks to evaluate financing requests and provide a final financing commitment. Additionally, high equity requirements are imposed on property developers and project managers, which they often cannot meet. This is usually because their entire liquidity is tied up in a specific project phase, committed to multiple concurrent projects, or the closing, i.e., the desired exit for a project, has not been achieved yet. To address this issue, we, together with our network and our national and international partners and financiers, arrange and structure complex commercial financing solutions for property developers and project managers.
Our engagements typically begin with a project volume of €10 million or more.
 

FINANCIAL MODELING IN MERGERS AND ACQUISITIONS - LEVERAGED BUYOUT (LBO)
A Leveraged Buyout (LBO) is a financial transaction in which a company or a group of investors acquires another company using a significant amount of borrowed money or debt. Often, the assets of the target company being acquired serve as collateral for the borrowed funds. The goal of an LBO is to acquire a majority stake in the target company with a relatively small amount of the acquiring company's equity. Here's how an LBO typically works: Target Identification: The acquiring company or a group of investors identifies a target company that they believe has the potential for higher profitability or operational improvement. Deal Structuring: The acquiring company negotiates the terms of the acquisition, including the purchase price, financing arrangements, and the mix of debt and equity in the deal. Financing: To finance the acquisition, the acquiring company borrows a significant amount of money from various sources, such as banks, private equity firms, or bond markets. This borrowed money is used to pay a substantial portion of the purchase price. Equity Investment: The acquiring company or the group of investors contributes a smaller portion of the total purchase price in the form of equity. This equity investment serves as a cushion to absorb any losses or risks associated with the acquisition. Acquisition: Once the financing is secured, the acquisition is executed. The acquiring company gains control over the target company and its assets. Operational Improvements: After the acquisition, the acquiring company often implements operational improvements, cost-saving measures, and other strategies to increase the profitability of the target company.
Debt Repayment: The cash flows generated by the acquired company are used over time to
repay the borrowed debt. The success of the LBO depends on the target company's ability to
generate sufficient cash flow to cover both its operating expenses and debt repayment
obligations. Exit Strategy: The acquiring company or the investors aim to sell the acquired company or take it public through an Initial Public Offering (IPO) once its value has increased due to operational improvements. This provides investors with the opportunity to earn a return on their equity investment.
LBOs are often pursued by private equity firms or corporate entities looking to acquire underperforming companies and potentially revive them or extract value from established
businesses. These transactions can be complex and require detailed financial modeling, due
diligence, and careful consideration of risk and reward. It's important to note that while LBOs offer the potential for significant financial returns, they also come with substantial financial risk due to the high level of debt. If the acquired company does not perform as expected, it may struggle to meet its debt obligations, potentially leading to financial distress.
 

About Us
With over 40 years of collective experience in the field of financial modeling and as financial
intermediaries, we possess a highly qualified expertise and maintain a well-established national and international network of banks, debt and equity funds, family offices, and financiers. Our engagements are undertaken independently and impartially. Our approach is holistic, relying on various accessible sources of financing. The cornerstone of our business model is our commitment to our business partners in modeling tailored, strategic, and creative financing solutions for your unique challenges. We are sector- and asset-class-agnostic when it comes to arranging financing solutions across the entire capital structure. As a collective, we have completed transactions valued at over €20 billion in the United Kingdom and Europe.

SOLUTIONS 4 YOU
The real estate industry is complex and capital-intensive, with significant financial risks posed by banks and external capital providers. These risks have led to constant diversification of their credit portfolios. The lending mechanisms of banks, the traditional financiers for real estate entrepreneurs, have become notably more challenging, especially following the last financial crisis, which was exacerbated by the catastrophic Lehman Brothers' collapse in 2008. Additionally, regulatory interventions such as Basel I to III have significantly complicated matters. As a result, many property developers and project managers have faced high and nearly insurmountable obstacles. Due to their medium-sized structures, the majority of property developers and project managers are not equipped for direct financing through the capital market via stock and bond market issuances. Crowdfunding, raising capital through crowdfunding platforms, is also often not the suitable instrument due to the rapid capital needs and market dynamics. Therefore, the capitalintensive real estate industry requires alternative, intelligent, and innovative financing instruments as fuel to power its growth.

BRIDGE FINANCING - BRIDGE LOAN
Speed is the competitive advantage! To secure a promising project, property developers and
project managers need to act quickly and make short-term acquisition decisions. Banks often take weeks to evaluate financing requests and provide final financing confirmations due to internal requirements, including Basel I to III. Additionally, high equity requirements are imposed on property developers and project managers for the reasons mentioned above. They often cannot meet these demands. This is typically because their entire liquidity is tied up in a specific project phase, is committed to multiple concurrent projects, or the closing of the desired sale has not yet been achieved. This challenge can be addressed through short-term bridge financing, with a relatively short duration of a minimum of 3 months and a maximum of 6 months. Property developers and project managers frequently use these short-term financings as interim solutions to gain the competitive advantage mentioned earlier. This alternative financing method is naturally used for a relatively short period, typically until the bridge financing can be replaced by a conventional follow-up financing from a bank, crowdfunding platform, another financier, or alternatively through a profitable exit.

MEZZANINE CAPITAL
The real estate industry is increasingly utilizing mezzanine capital, a hybrid financing instrument that can be classified as either equity or debt capital, depending on its specific structure. Mezzanine capital offers high flexibility in terms of maturity, interest rates, profit and loss arrangements, repayment terms, and liability. Among other benefits, property developers and project managers can often deduct the interest paid on mezzanine capital from their taxes when it is structured as debt. Financial institutions, which typically provide debt capital, typically recognize mezzanine capital as equity both economically and legally. This recognition is crucial for property developers and project managers to meet the requirements for loan-to-value ratios and expected equity capital ratios derived from the credit rating of the financing financial institution.

LBO (Leveraged Buyout)
The Leveraged Buyout (LBO) as a new form of financing for acquiring companies emerged in the late 1970s in the United States when many large corporations sought to divest economically weak divisions. In the United Kingdom, LBOs emerged as a result of legal changes that, for the first time, allowed the pledging of guarantees and securities against the assets of the target company instead of just pledging shares, which was the previous practice. Advantages of an LBO (Leveraged Buyout) Higher Return on Equity: LBOs typically offer a higher return on equity as they utilize leverage, where a larger amount of debt capital is used. This allows the invested equity to achieve a higher return. Financial Flexibility: LBOs provide flexibility in terms of financing structure. There is room to tailor interest rates, repayment terms, and other financial conditions to meet specific needs. Limited Risk for Equity Investors: By using debt capital, equity investors can limit their risk. In case of losses or financial challenges, these are initially absorbed by the debt holders. LBO Application Areas This form of financing is highly valued by financial investors as their goal is to achieve a high return on equity while simultaneously limiting their risks. Typically, these investments are designed for a few years, and after this period, the so-called "exit" occurs, which is the realization of profit on the invested equity. Strategic investors, who may pursue an acquisition to complement their existing business or to achieve economies of scale, are generally more interested in a long-term and secure investment. A quick exit is typically not their primary objective.

Registered Entry
SCANCON DEBT ADVISORY BOARD LTD
Private Limited Company
VICTORIA HOUSE
38 SURREY QUAYS ROAD
LONDON
ENGLAND SE16 7DX
Company Information
Company Name: SCANCON DEBT ADVISORY BOARD LTD
Company Number: 15090168
Company Type: Private Limited Company
Registered Address: VICTORIA HOUSE, 38 SURREY QUAYS ROAD, LONDON, ENGLAND,
SE16 7DX
Incorporation: Registered and incorporated under the Companies Act 2006 as a private
company limited by shares.
Registrar of Companies: Companies House, Cardiff
Board of Directors:
James F. Whitehall: Chairman of the Board
Dr. Samuel Rosenberg: Deputy Chairman of the Board
SCANCON DEBT ADVISORY BOARD LTD
Representative Office for Germany
Represented by: Dipl.Betriebsw. Dino R. Rojahn
Contact Information:
Phone: +49 (0)30 3083 9097
Fax: +49 (0)30 3083 9369
Email: office@scancongroup.eu
Information according to § 5 TMG (German Telemedia Act)
Explanation
We are neither willing nor obliged to participate in dispute resolution proceedings before a
consumer arbitration board.
Liability for content
According to § 7 Abs.1 TMG (German Telemedia Act), we are responsible for our own content on
these pages in accordance with general laws. However, according to §§ 8 to 10 TMG, we are not
obligated to monitor transmitted or stored third-party information or to investigate circumstances
that indicate illegal activity. Obligations to remove or block the use of information under general
laws remain unaffected. However, liability in this regard is only possible from the time of
knowledge of a specific legal violation. Upon becoming aware of such legal violations, we will
remove this content immediately.
Liability for links
Our website contains links to external third-party websites, the contents of which we have no
influence over. Therefore, we cannot assume any liability for these external contents. The
respective provider or operator of the linked pages is always responsible for their content. The
linked pages were checked for possible legal violations at the time of linking. Illegal content was
not recognizable at the time of linking. However, continuous monitoring of the linked pages'
content is not reasonable without specific indications of a legal violation. If we become aware of
any legal infringements, we will remove such links immediately.
Copyright
The content and works created by the website operators on these pages are subject to German
copyright law. Reproduction, editing, distribution, and any kind of exploitation outside the
boundaries of copyright require the written consent of the respective author or creator. Downloads
and copies of this website are only permitted for private, non-commercial use. Insofar as the
content on this website was not created by the operator, third-party copyrights are respected. In
particular, third-party content is marked as such. Should you nevertheless become aware of a
copyright infringement, please let us know. Upon becoming aware of any such legal violations, we
will promptly remove the respective content.
Privacy policy
As the operator of these pages, we take the protection of your personal data very seriously. We
treat your personal data confidentially and in accordance with the applicable data protection
regulations and this privacy policy. The use of our website is generally possible without providing
personal data. Wherever possible, the collection of personal data (e.g., name, address, or email
addresses) on our website is always on a voluntary basis. This data will not be disclosed to third
parties without your explicit consent. We would like to point out that data transmission over the
Internet (e.g., when communicating via email) may have security vulnerabilities. Complete
protection of data against access by third parties is not possible.
Below, we inform you about the processing of personal data in connection with our activities on
http://www.scancongroup.eu and/or other websites that incorporate this privacy policy or are
provided as part of our activities on the websites.
Personal data refers to any information relating to an identified or identifiable natural person (Art. 4
No. 1 EU General Data Protection Regulation "GDPR"). This includes information such as your
name, email address, postal address, or telephone number. Information that cannot be directly
linked to your identity is not covered by this definition.
Who is responsible for processing your personal data?
The controller, as defined in the General Data Protection Regulation and other national data
protection laws of member states, as well as other data protection regulations, is:
SCANCON DEBT ADVISORY BOARD LTD
private company limited by shares
Victoria House
38 Surrey Quais Road
London
ENGLAND SE16 7DX
Contactable by phone through the representation in the Federal Republic of Germany
Tel: +49 (0)30 3083 9097
Email: office@scancon-debt-advisory-board.com
Legal basis and purpose of processing, as well as duration of storage
If we obtain the consent of the data subject for processing personal data, Art. 6 para. 1 lit. a
GDPR serves as the legal basis for the processing of personal data. If the processing of personal
data is necessary for the performance of a contract to which the data subject is a party, Art. 6
para. 1 lit. b GDPR serves as the legal basis. This also applies to processing operations that are
necessary to carry out pre-contractual measures. If processing of personal data is necessary to
fulfill a legal obligation to which our company is subject, Art. 6 para. 1 lit. c GDPR serves as the
legal basis. If processing of personal data is necessary to protect the legitimate interests of our
company or a third party, and if the interests, fundamental rights and freedoms of the data subject
do not outweigh the first-mentioned interest, Art. 6 para. 1 lit. f GDPR serves as the legal basis for
the processing.
We adhere to the principles of data avoidance and data minimization. Therefore, we only store
your personal data for as long as is necessary to achieve the purposes mentioned here or as
required by the various storage periods provided for by law. After the respective purpose has
ceased to exist or after the expiry of these periods, the corresponding data will be routinely
blocked or deleted in accordance with the statutory provisions.
For the general access to our website
Whenever you access our website, we automatically collect data and information from the
accessing device and store this data and information in server log files. The following data and
information may be collected: the types and versions of browsers used, the operating system
used by the accessing system, the website from which an accessing system reaches our website
(so-called referrers), the subpages accessed by an accessing system on our website, the date
and time of access to the website, an internet protocol address (IP address), the internet service
provider of the accessing system, and other similar data and information that serve to prevent and
respond to attacks on our information technology systems. For security purposes, i.e., to trace
attacks on our platforms in the event of an attack, we store this data, including the IP address, for
a period of 14 days and then anonymize the IP addresses or delete the data. The IP address is
required during the connection to transmit the content of our platform to your browser. The legal
basis for processing and subsequent storage of the IP address is a legitimate interest pursuant to
Article 6(1)(f) of the GDPR. The legitimate interest regarding the transmission of the IP address is
that it is necessary to display the content of the platform; without the transmission of the IP
address, displaying the website is not possible. The legitimate interest in limited storage is for
security purposes.
For all types of newsletters
When you subscribe to a newsletter or our press review, we use your email address or postal
address to send you the respective newsletter, in which we regularly inform you about interesting
topics in the real estate market and our business activities. To ensure your proper registration for
the newsletter, meaning to prevent unauthorized registrations on behalf of third parties, we will
send you a confirmation email in the double opt-in procedure after your initial registration for the
newsletter, in which we ask for confirmation of your registration. The legal basis is your consent
according to Article 6(1)(a) of the GDPR. The legal basis for this storage is a legitimate interest
under Article 6(1)(f) of the GDPR, with the legitimate interest being the ability to prove the
registration. We will store your email address or postal address to send you the newsletter/press
review until you unsubscribe or we cease sending the newsletter to you. You can unsubscribe
from all types of newsletters or receiving our press review at any time.
Objections to any type of advertising
If we receive an objection from you against advertising purposes, we may include your personal
contact details (name, address, telephone number, fax number, email address) in a blocklist to
ensure that we no longer send you unwanted advertising. The legal basis is a legitimate interest
pursuant to Article 6(1)(f) of the GDPR, with the legitimate interest being that we can fulfill our
obligations arising from your objection to advertising. The data will be stored for this purpose until
you expressly revoke the objection to advertising in writing.
Contact via email through our contact form
Our website includes a contact form that can be used for electronic communication. By clicking
the "Send" button, you consent to the transmission of the data entered in the input form to us.
Additionally, we save the date and time of your contact. Alternatively, you can contact us via the
provided email address. In this case, the personal data of the user transmitted with the email and
our response are stored. The voluntarily provided personal data in this context is used to process
your request and to contact you. The legal basis for data transmission is Article 6(1)(a) of the
GDPR. We use the data for this purpose until the respective conversation with you is completed.
The conversation is considered complete when it can be inferred from the circumstances that the
matter in question has been conclusively clarified.
Data processing regarding companies, entrepreneurs, and/or employees of companies
In the course of our national and international business activities, we engage in various real
estate-related transactions. In doing so, we process personal data of entrepreneurs (data related
to entrepreneurs is only considered personal data if the entrepreneur is a natural person) or
employees of companies. The respective companies or entrepreneurs may be in a contractual or
pre-contractual relationship with us, but in some cases, we may also process data of companies
and their employees when no such contractual or pre-contractual relationship exists. In the
following sections, we inform you about the purposes, the respective legal basis, and the storage
duration of these processing activities regarding entrepreneurs or company employees, as well as
the categories of data, to the extent that we do not collect personal data from the data subjects
themselves. The data will be deleted as soon as they are no longer necessary to achieve the
respective purpose, meaning there is no longer a contract with the business partners or
customers and we do not intend to enter into a contract with the respective business partners or
customers, there is no longer a legitimate interest, and we are no longer legally obligated to retain
documents containing personal data.
Our data processing for contract management and preparatory actions
The data we process about individuals for the purpose of contract management and contract
design is intended to enable us to provide our business partners and customers with the
contractual services and for the purpose of corresponding contract preparations. If the business
partner or customer is a natural person, the legal basis is that the processing is necessary for the
performance of a contract or for the implementation of pre-contractual measures in accordance
with Article 6(1)(b) of the GDPR. If we process personal data of employees of the business partner
or customer, the legal basis is a legitimate interest under Article 6(1)(f) of the GDPR. The legitimate
interest lies in the conduct of our business activities and those of the business partner or
customer. There is no conflicting interest on the part of the data subject, as from the perspective
of our business partner or customer, the processing by us is necessary within the scope of the
existing employment relationship with the data subject (§ 26 BDSG-new).
For this purpose, we store personal data for the duration of a contract or the business
relationship. Booking records are stored for ten years, and business letters are stored for six
years. This means that every message related to the preparation, execution, or reversal of a
transaction is retained to comply with our legal retention obligations pursuant to § 257(1) No. 2
HGB and § 147 AO, with the period commencing at the end of the calendar year in which the
business letter was received or sent, or the booking record was created. The legal basis for this is
Article 6(1)(c) of the GDPR.
Support for our business partners and customers
In connection with our business activities, we obtain personal data of our business partners,
customers, prospects, and their employees as points of contact during the initiation, conclusion,
and/or performance of a contract, as well as after the contract has ended or if no contract is
concluded. This is done for the purpose of business and customer support, and to be able to
provide suitable services, based on previous contract agreements, received offers, or inquiries
when our business partner, customer, or prospect makes a new request. The legal basis is a
legitimate interest under Article 6(1)(f) of the GDPR. The legitimate interest lies in the conduct of
our business activities. For this purpose, we store personal data for as long as we believe that the
respective customer may enter into another or an initial contract with us. This continues until the
respective business partner or customer explicitly informs us that they will never enter into a
contract with us under any circumstances.
Our data processing for general advertising and/or acquisition purposes
We process the personal data of our business partners/customers, as well as other entrepreneurs
and companies not in a business relationship with us, and, where applicable, the contact persons
from those entities, for the purpose of sending direct marketing, as far as legally permissible. If we
have not collected this data directly from the data subject, we may obtain contact details of the
data subject from public sources, such as the website of the respective company and industry
directories. In the context of these direct marketing purposes, we may also consider the previous
contract agreements of our business partners/customers and company-specific details such as
industry affiliation or company size to tailor our communication and advertising as accurately as
possible. The legal basis is a legitimate interest under Article 6(1)(f) of the GDPR. The legitimate
interest consists of processing personal data for the purpose of direct marketing itself (see Recital
47 of the GDPR). Data subjects have the right to object at any time to the processing of their
personal data for such advertising purposes. You can raise this objection at any time using the
contact details provided above. The data will be stored for this purpose as long as we have an
interest in entering into a contract with the company/business partner/customer or until an
objection is made.
Cookies and similar technologies in the context of our business activities
On our website, we use cookies. Cookies are text files that are stored on a computer system via
an internet browser. We use these cookies both as a technical means to provide services on our
website, enabling specific functionalities, and for analyzing the website behavior of our visitors to
enhance the user-friendliness of our offerings. For this purpose, we may also employ other
techniques such as tracking pixels or code in apps. Some of the cookies we use are deleted after
the end of the browser session, i.e., when you close your browser (so-called session cookies).
Others remain on your device and allow us to recognize your browser on your next visit (persistent
cookies). You can find the exact storage duration of a cookie, unless specifically stated below, in
the respective cookie by viewing it in your browser.
You can configure your browser settings to be notified about the setting of cookies and to decide
on their acceptance individually or to exclude the acceptance of cookies for specific cases or in
general. If you do not accept cookies, the functionality of our website may be limited. Below, we
provide information on specific cookies and similar technologies we use.
We use technical cookies, which are necessary for collecting certain information on our website to
provide a service requested or desired by you as a user. This includes navigation or session
cookies that enable smooth navigation and use of the website (e.g., allowing access to restricted
areas), analysis cookies that we set directly to collect information about the number of visitors and
their user behavior, and functional cookies that enable navigation based on selected criteria for
service optimization. The legal basis for these cookies is a legitimate interest under Article 6(1)(f)
of the GDPR, specifically pursuing our business purposes.
Additionally, we use cookies or other techniques provided by external providers in various areas.
Below, we inform you about the respective providers and how you can opt-out of the cookie or
related technology. In general, you can make corresponding settings in your browser for websites.
You can prevent the storage of cookies by configuring your browser software accordingly.
However, please note that in this case, you may not be able to fully use all functions of this
website.
Furthermore, you can prevent Google from collecting and processing the data generated by the
cookie and related to your use of the website (including your IP address) by downloading and
installing the browser plugin available at the following link: Browser Add-on to Disable Google
Analytics. You can also prevent Google Analytics from collecting data by clicking on the following
link. An opt-out cookie will be set that prevents the future collection of your data when visiting this
website: Disable Google Analytics! The legal basis for using Google Analytics is a legitimate
interest under Article 6(1)(f) of the GDPR, specifically pursuing our business purposes.
Rights of the data subject
If personal data concerning you is processed, you are a data subject within the meaning of the
GDPR and you have the following rights vis-à-vis the controller: “You can ask us to confirm
whether personal data concerning you is being processed by us.” If such processing is taking
place, you can ask us for information about the following: “The purposes for which the personal
data is being processed; The categories of personal data being processed; The recipients or
categories of recipients to whom the personal data concerning you has been or will be disclosed;
The planned duration of storage of the personal data concerning you or, if it is not possible to
provide specific information in this regard, the criteria used to determine the storage period; The
existence of a right to rectification or erasure of personal data concerning you, a right to
restriction of processing by the controller or a right to object to such processing; The existence of
a right to lodge a complaint with a supervisory authority; All available information about the origin
of the data if the personal data concerning you was not collected from you; You have the right to
request information on whether the personal data concerning you is being transferred to a third
country or to an international organization. In this context, you can request to be informed about
the appropriate safeguards pursuant to Art. 46 GDPR in connection with the transfer.” This right to
information may be restricted to the extent that it is likely to render impossible or seriously impair
the achievement of the statistical purposes and the restriction is necessary for the fulfillment of
those purposes.
You have the right to rectification
You have the right to have any inaccurate or incomplete personal data concerning you corrected
or completed by the controller without undue delay. The controller shall make the rectification
without undue delay. Your right to rectification may be restricted to the extent that it is likely to
render impossible or seriously impair the achievement of the statistical purposes and the
restriction is necessary for the fulfillment of those purposes.
Your right to restriction of processing
Under the following conditions, you have the right to request the restriction of processing of your
personal data: "When you dispute the accuracy of the personal data concerning you for a
duration that allows us to verify the accuracy of the personal data; the processing is unlawful, and
you oppose the deletion of the personal data and instead request the restriction of their use; we
no longer need the personal data for the purposes of processing, but you require them for the
establishment, exercise, or defense of legal claims, or if you have objected to processing pursuant
to Article 21(1) of the GDPR and it has not yet been determined whether our legitimate grounds
override yours. When processing of your personal data has been restricted under the
aforementioned conditions, such data, apart from storage, shall only be processed with your
consent or for the establishment, exercise, or defense of legal claims or for the protection of the
rights of another natural or legal person or for reasons of important public interest of the Union or
of a Member State." If the processing restriction is imposed under the above-mentioned
conditions, you will be informed by us before the restriction is lifted. Your right to restriction of
processing may be limited insofar as it is likely to render impossible or seriously impair the
achievement of statistical purposes, and the restriction is necessary for the fulfillment of statistical
purposes.
Your right to erasure
You have the right to request that we erase your personal data without undue delay, and we are
obliged to erase this data without undue delay if one of the following reasons applies: The
personal data concerning you is no longer necessary for the purposes for which it was collected
or otherwise processed. You withdraw your consent on which the processing according to Art.
6(1)(a) GDPR or Art. 9(2)(a) GDPR is based, and there is no other legal ground for the processing.
You object to the processing pursuant to Art. 21(1) GDPR and there are no overriding legitimate
grounds for the processing, or you object to the processing pursuant to Art. 21(2) GDPR. The
personal data concerning you has been unlawfully processed. The erasure of personal data
concerning you is necessary for compliance with a legal obligation in Union or Member State law
to which we are subject. The personal data concerning you has been collected in relation to the
offer of information society services referred to in Article 8(1) GDPR.
Disclosure of information to third parties
If we have made personal data concerning you public and we are obliged to delete it pursuant to
Art. 17(1) GDPR, we will take reasonable steps, including technical measures, taking into account
the available technology and implementation costs, to inform controllers processing the personal
data that you as the data subject have requested the erasure of any links to, or copies or
replications of, that personal data. The right to erasure does not exist to the extent that
processing is necessary for exercising the right of freedom of expression and information; for
compliance with a legal obligation which requires processing by Union or Member State law to
which the controller is subject, or for the performance of a task carried out in the public interest or
in the exercise of official authority vested in the controller; for reasons of public interest in the area
of public health pursuant to Art. 9(2)(h) and (i) and Art. 9(3) GDPR; for archiving purposes in the
public interest, scientific or historical research purposes or statistical purposes pursuant to Art.
89(1) GDPR, insofar as the right referred to in paragraph (a) is likely to render impossible or
seriously impair the achievement of the objectives of that processing, or for the establishment,
exercise or defense of legal claims.
Your right to data portability
You have the right to receive the personal data concerning you that you have provided to us in a
structured, commonly used and machine-readable format, and you have the right to transmit
those data to another controller without hindrance from us, where the processing is based on
consent pursuant to Art. 6(1)(a) GDPR or Art. 9(2)(a) GDPR or on a contract pursuant to Art. 6(1)(b)
GDPR, and the processing is carried out by automated means. In exercising this right, you also
have the right to have the personal data concerning you transmitted directly from one controller to
another, where technically feasible. This must not adversely affect the rights and freedoms of
others. The right to data portability does not apply to processing of personal data necessary for
the performance of a task carried out in the public interest or in the exercise of official authority
vested in us.
You right to object
You have the right to object, on grounds relating to your particular situation, at any time to
processing of personal data concerning you which is based on Art. 6(1)(e) or (f) GDPR, including
profiling based on those provisions. We shall no longer process the personal data concerning you
unless we demonstrate compelling legitimate grounds for the processing which override your
interests, rights and freedoms or for the establishment, exercise or defense of legal claims. Where
personal data concerning you are processed for direct marketing purposes, you have the right to
object at any time to processing of personal data concerning you for such marketing, which
includes profiling to the extent that it is related to such direct marketing. If you object to
processing for direct marketing purposes, the personal data concerning you shall no longer be
processed for such purposes. You have the possibility to exercise your right to object in relation to
the use of information society services – notwithstanding Directive 2002/58/EC – by automated
means using technical specifications. You also have the right to object, on grounds relating to
your particular situation, to processing of personal data concerning you for scientific or historical
research purposes or statistical purposes pursuant to Art. 89(1) GDPR, unless the processing is
necessary for the performance of a task carried out for reasons of public interest. Your right to
withdraw consent under data protection law: You have the right to withdraw your consent to the
processing of your personal data at any time. The withdrawal of consent shall not affect the
lawfulness of processing based on consent before its withdrawal. Right to lodge a complaint with
a supervisory authority: Without prejudice to any other administrative or judicial remedy, you have
the right to lodge a complaint with a supervisory authority, in particular in the Member State of
your habitual residence, place of work or place of the alleged infringement if you consider that the
processing of personal data relating to you infringes the GDPR. The supervisory authority with
which the complaint has been lodged shall inform the complainant on the progress and the
outcome of the complaint including the possibility of a judicial remedy pursuant to Art. 78 GDPR.
Changes to the privacy policy and/or changes in purpose
We reserve the right to amend this privacy policy. Of course, any changes will be made in full
compliance with the applicable data protection and legal requirements. Changes will always be
published on the relevant pages of our website. If it is necessary for our business purposes to
process your data for purposes other than those originally intended, we will inform you of this
immediately and in compliance with the applicable legal requirements and regulations.