Monthly Archives: November 2016

Shipping Funds

Shock for investors by ship investments and real estate fund “With the Sparkassen financial concept you get an individually prepared solution for your finances, which adapts to your life.” Now more and more bank customers need to know what is behind this advertiser trust slogan of German savings banks, followed investment recommendations of its savings banks and invested in ship funds: pure Commission interests of savings banks, which have collected up to 14% of the investor money as commissions for the mediation of ship funds, behind the backs of their customers. So the Sparkasse Hildesheim admitted recently our clients compared to a providing a participation in the MPC fund 376 “open product tanker fleet” to receive 14% of the subscribed capital of the investor as a Commission. Also the Berliner Sparkasse has collected vigorously for the mediation of MPC ship funds. Also she received 14% Commission, because one of their clients on their recommendation drew a participation in the MPC Fund “CPO 2 North America ships”. Other Sparkassen and landesbanken have benefited significantly from commissions. Sparkasse Stakenburg had received, for example, 6.8% Commission for communicating by shares in the Hannover leasing fund no.

177 “Maritime values 3”. At the Sparkasse Jena-Saale Holzland flowed 7.5% for the mediation of a stake in the real estate fund “HGA Mitteleuropa V”. 8% received the Bremer Landesbank for communicating a participation in the life insurance secondary market fund “return on life plus II” emission House MPC. Respectively 8% and 1% for the Advisory staff wants the Sparkasse Gummersbach each providing investments to the HCI ship Fund V, the Dr. Peters of return fund 109 VLCC Saturn glory and the Dr. Peters of yield Fund 111 have received. Flowing commissions were informed the savings bank customers in the context of advice not over at the savings bank, the savings bank must replace the damage inflicted by the participation of affected investors the Kickback case-law of the Bundesgerichtshof. This means that the investors their invested capital will be returned and the wrong Advisory Bank in return receives the share of funds.

In most cases, further advice errors are added, which improves the chances of a judicial enforcement of claims for damages. Participation in ship funds was thus recommended many customers of Sparkasse untruthfully as a safe investment for retirement provision, this type of highly speculative investment risks were concealed. Do you have questions to your ship funds? Want to know whether you can pursue claims for damages with success? Call us at. We know how to get to your right. 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