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Compensation for damages/compensation for pain and suffering

What does Compensation for damages/compensation for pain and suffering?

Compensation for damages refers to the reimbursement of material damages, specifically in the sense of compensating for actual negative effects on certain legal interests (e.g., the injured party’s assets or property owned by the injured party). If non-pecuniary damages are to be compensated in money, this is referred to as compensation for pain and suffering. There are claims for compensation that are contractually agreed upon, as well as those regulated by law (e.g., Section 823 of the German Civil Code (BGB)).

Practical example

In day-to-day business Compensation for damages/compensation for pain and suffering important role, for example when it comes to protection and legally compliant Processing of personal data.