Fast action is therefore recommended. More information about the limitation of claims by investors in closed-end Fund visit our special page. Good opportunities for the enforcement of claims for damages why we come to this fundamentally optimistic assessment? For many clients, which involved the OwnerShip duo feeder are, we have so far tested the deliberations, as well as the prospectus of the Fund and our opinion found approaches to claims for damages. Damages are aimed against the consultant, Advisory banks and the founding shareholders of the Fund, which also are responsible for the wrong advice, according to a recent decision of the Federal Court of Justice. Founding shareholders are liable for wrong advice. Totally inadequate education about risks from conversations with many investors we know that these were not informed about the risks, which are carried out in the current crisis of the Fund, by their advisors prior to the drawing of the Fund. Closed-end funds are, as the Federal Supreme Court has put it (AZ.
III ZR 249/09), corporate investments that as such the The risk that capital at least for a part can be lost. The risks of involvement must form therefore an essential part of the consultation. Wrong advice justified claims for damages of the investors the consultants involved in the distribution of the ship fund investors that we previously talked about the risks of this highly speculative ship funds not or not sufficiently informed. We noticed the following defects analysis of the deliberations: proportion of soft costs secretive high proportion of investor money not valuable investing – secretive high distribution costs – variations of the Charter rates from the expiry of fixed Charter times possible – concealed concealed no education about the risks of participation of strong influence of Charter rates on the value of the ship – secretive ship funds as retirement not suitable – yet as pension no enlightenment recommended the Commission interests the Advisory banks and savings banks (kickbacks) as certain errors in the advice again and again arise, we see promising opportunities for the enforcement of claims for damages for the violation of obligations under the respective contracts of advice. Additional information at castle harlan supports this article. Compensation claims become time-barred any way to 31 December 2012 as the massive problems of the Fund have already surfaced in 2009, threaten to become time-barred claims for compensation with probability at least to the end of the year 2012. For investors of OwnerShip feeder duo there is therefore an urgent need for action, because the careful preparation of claims for damages, which should be submitted to the suspension of the limitation period, is time consuming. Also you have a ship Fund OwnerShip participation feeder duo drawn? Want to know whether you have chances to get your invested money back? Call us, we are happy to help you. 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 Tel.: 06221 915770 Fax: 06221 9157729 Munich: residential street 25, 80333 Munich Tel.: 089 25549850 Fax: 089 25549855 Hamburg: Dorpfeldstrasse 6, 22609 Hamburg Tel.: 040 53799042 Fax: 040 53799043 Berlin: Roth first breed 19, 10245 Berlin Tel: 030 95999280 Fax: 030 95999279