58 Contingent Liabilities

Contingent liabilities exist for cases in which Vonovia SE and its subsidiaries give guarantees to various contractual counterparts. The terms are in many cases limited to an agreed time. In some cases, the term is unlimited.

Contingent liabilities of Vonovia are as follows:

Vonovia is involved in a number of legal disputes resulting from normal business activities. In particular, these involve tenancy, construction and sales law disputes and, in individual cases, company law disputes (mainly following squeeze-out processes). Furthermore, there are legal disputes with a social insurance provider. None of the legal disputes, taken in isolation, will have any material effects on the net assets, financial position or results of operations of Vonovia. The expected potential amount of loss of originally € 40–150 million relating to this was adjusted to € 150–375 million with an unchanged probability of occurrence of 5-39%.