Bank compares Court gutlich with an Immoselect of AXA investor the situation has been, that a Bankkundin had acquired shares in the originally open real estate fund Immoselect (WKN 984645) 2007 in the year. An investment advice went ahead through their local bank. The Bankkundin felt wrong advice, as already announced in November 2009 the AXA investment manager Germany GmbH, that closed the AXA Immoselect, i.e. that the issue and redemption of share certificates of the AXA Immoselect was suspended until further notice. During out-of-court negotiations, no amicable agreement could be reached with the Bank, the investor decided to take action against the Bank. In the course of the court proceedings, a comparison was closed after extensive negotiations.
The Bank is committed to pay a reasonable amount of comparison. The rescue of the open-ended real estate fund AXA Immoselect had failed. The AXA investment manager Germany GmbH had already on the 19.10.2011 announced that the AXA Immoselect is liquidated, after most November 17, 2009 the AXA Immoselect was closed. The AXA investment manager Germany GmbH is the investment company of the real estate fund AXA Immoselect. The AXA Immoselect was applied to the 03.06.2002. Office real estate in Germany, France and the Netherlands were predominantly of the investment subject of AXA Immoselect.
The shares of a mutual fund must always be withdrawn at any time request an investor by the capital investment company. A statutory exception case occurs when a so-called Fund closure when the liquidity of the investment funds it does not allow to pay all investors willing to return. If then within 2 years the liquidity situation of the mutual funds improved non-sustainably, the investment fund must be resolved. This phase of the dissolution of the Fund can last for many years. In a different matter and of other investment funds the higher regional court had already ruled Frankfurt am Main that the possibility of the suspension of the redemption as a Exception of the fundamental obligation of the capital investment company for the redemption a the plant in open real estate funds is defining structural principle, which is to show the prospective. see You also: kanzlei-renner.de/AXA_Immoselect.html author and contact person: lawyer Ralf Renner – a trained banker and lawyer – Tel.: 030 / 810 030-22 E-mail: firm hit the specialty of lawyer Ralf Renner are legal issues of closed-end Fund, where he has many years of experience. In these contexts, investors in a lawyer approach, if you want to check what rights and claims exist. Blanket statements prohibit themselves? In any case, an individual assessment is offered. Damages can claims against an investment advisor or a Bank, if was not sufficiently enlightened on essential aspects. An experienced lawyer can determine whether claims for damages are and how high the chances for a successful Enforcement are.
In an otherwise difficult market environment, ‘Outliers’ dominate the business. Hamburg, 25.Juli 2012. This also applies to the German S & K property no. 2 GmbH & co. KG of emissions House United investors, is that since the beginning of the year in the placement. After less than five months, this Fund won an investment volume of EUR 30 million in equity for themselves why the Fund management has proposed the increase to a total placement volume of 50 million euro of equity provided for in the prospectus. We are pleased about the incredible success of this participation”, says Thomas Gloy, Managing Director of United investors and Chairman of the Board of the German S & K asset AG.
Our system concept is”, says Stephan Schafer, founder and CEO of S & K. In fact: The special concept of the Fund S & K German property no. 2.0 foresees that the investors in the overall success of the group participate. And who can be seen: despite an extensive and diversified investment phase in which Future development of the group, was able to achieve S & K with its three operating companies S & K assets GmbH, German S & K asset AG and S & K holding GmbH a net profit amounting to EUR 5,8 million in 2011 after deduction of all costs. Simultaneously realized real estate volume of of Group of companies is EUR 180 million. This serves as a security for the Fund subscribers, because the deposits of the Fund artist are grundpfandrechtliche collateral. Never a Fund has been since founding our emission House so clearly demand and quickly realized the performance German S & K property no.
2.0 pays just out “, says Hauke Bruhn, also on the Board of the Hamburg-based emission House. He sees a confirmation also is that you have focused not on continued stock fund, but on the increase of the economic performance of fast-growing companies and also continue to focus. United investors is at the heart of a very promising development”, so Bruhn. A participation in the German S & K is 10,000 euros plus five percent agio possible property no. 2.0. The agreed interest rate allows an annual payment to the investors by 12 per cent and a tiered bonus interest at the end of the planned fund maturity in 2016. It aims at this time through the trade with real estates, to realize a high total return through the achievement of a high rental yield, as well as through participation in companies.
As is apparent from the prospectus. are likely to have distribution costs been significantly higher than 15%. At a such high Commission, also non-bound Bank advisors and intermediaries have to enlighten this unasked, clearly indicate the conflict of interest to investors. Banks and savings banks must disclose independent commissions flowing to them within the framework of the consultation the Kickback case-law of the Bundesgerichtshof of the amount of sales. Also on the very high with the HCI shipping select 27 proportion of so-called soft costs, so those costs not directly flowing into the ship holdings, would need to be informed explicitly. Still we noticed often that camps of HCI shipping select 27 as a safe investment has been recommended. Was concealed, that it is an entrepreneurial participation, which is fraught with many risks (such as loss of revenue, currency risks) that can go up to a total loss of deposits of investors.
The participation in the Fund of a ship is neither safe, suitable as pensions. Each of these Breaches of duty constitute taken to claims for damages against the distribution of the funds, so the investment advisor or the Advisory Bank or savings bank. Investors get back their deposit. Have you participated in the Fund of HCI shipping select 27 and were not informed by your advisor about the Kickback payments and risks of participation, we likes to enforce your claims. Nittel Banking and capital market law firm contact Mathias Nittel, lawyer specializing in banking and capital market law, Michael Minderjahn, lawyer Heidelberg: Hans-Bockler-Strasse 2 A, 69115 Heidelberg phone: 06221 915770 Fax: 06221 9157729 Munich: residential street 25, 80333 Munich Tel.: 089 25549850 Fax: 089 25549855
So there is, for example, a close cooperation with the LANXESS chemicals group. This suffers from the preceding aspect of the missing paragraph of car in Europe. As a leading manufacturer of rubber, the sales figures are significant considering the tepid demand for tyres, broken up. Plants were partially closed. The profit of the group is collapsed at the beginning of the year. The Outlook for the German economy are considered for the second half of the year with cautious optimism. Hikmet Ersek shines more light on the discussion.
The Centre for European Economic Research (ZEW) in Mannheim tells a barometer rises for the economy to 38.5 points. This is an increase of 2.1 meters. A minor revival – albeit tentative – is to be expected in the next six months. However, no mention can be of significant stimulus. The variety of the issues unresolved in the euro area will contribute to this situation. An important aspect of both the financial sector and the economy, is more monetary policy. Here, the focus is especially on the Fed Reserve and the European Central Bank (ECB).
Recently, the head of the Central Bank of the United States, Ben Bernanke, has expressed in this respect. Therefore remains the interest rate (up) 0.25 percent. The purchases of government bonds and mortgage securities are continued and will continue as a whole move amounting to a monthly $85 billion. Thus, there are fears a panning in the loose monetary policy of the fed from the table. For the time being of course. An important aspect for further direction will be as the U.S. labor market. Here, the numbers have risen. Unemployment currently stands at 7.6 percent. This is for the fed but noach no sign, for this reason to change current monetary policy. Different but, as one would approach the 6.5 percent. Suspicions had in recent times, the Fed would turn the interest rate screw or the bond purchases reduce, the bond market under pressure as with the result that resulted in sales of securities of in emerging markets.