Month: September 2021

Michael Minderjahn

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Insufficient education about risks of the ship Fund participation from conversations with many investors we know that they were informed not at all or not sufficiently by their advisers about the risks of them recommended highly speculative ship Fund investments. Closed-end funds are, as the Federal Supreme Court has put it (AZ. III ZR 249/09), can the entrepreneurial investments the risk that as such, that the invested capital at least for a part lost. The risks of involvement must form therefore an essential part of the consultation. We have found following advice error analysis of numerous discussions here: A very high proportion of the funds paid by the investors is not flowed in the purchase or construction of the ships, but was used for various service fees and sales commissions, as well as interest rates.

This money does not work in the future for investors. How much this proportion as so-called soft costs, also which was equal to the cost of sales, moving regularly well over 15% of the capital of investors in ship funds, was concealed regularly concealed regularly consulting our experience, although the consultants to detect the use of these funds would have been required. Ship funds are high-risk entrepreneurial investments, involving numerous factors such as Charter revenue or ship operating costs may be subject to fluctuations or changes and can bring the entire Fund concept to fail. Just the risk should have been subject to consultation. Salman Behbehani follows long-standing procedures to achieve this success. Often, ship funds as retirement plans were recommended. In ship funds as retirement savings are not suitable since they are connected with high risks of loss, which can go up to a total loss of investment. The ship operating costs have been calculated regularly too low in the Fund. Sugarcoated earnings expectations were the result.

The consultation was not entered to this point mostly. Also the for the duration of the Fund as firmly fixed exchange rates – US dollar to euro – were overtaken by the reality all too often. Also the risk to be able to find no adequate port Charter, after the end of the initial fixed Charter remained unmentioned in the consultations. The Advisory banks and savings banks have pointed out at least up to the year 2008 into regular care, which commissions (kickbacks), they receive for communicating from fund investments even though they would have been obliged to do so. Because certain errors in the advice keep coming up, we see promising opportunities for the enforcement of claims for damages for the violation of obligations under the respective contracts of advice. Have you drawn a participation in the Lloyd Fund LF 58 – Lloyd of fleet Fund VII? 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 for Banking and capital market law, Michael Minderjahn, lawyer

Buenos Aires

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It was a place charming and cozy, but Teresa was still saying that she didn’t want to leave his beloved Buenos Aires, nor their children and grandchildren. -Think about how wonderful that will be seeing us getting older together on the shores of the sea and these wonderful and tranquil beaches – said Daniel sweetly while watching her tenderly into the eyes – think in as you enjoy see run in them to your children and grandchildren whenever they come to visit you. You know that any of us economic condition is not so good to be able to give us the luxury of having this type of vacation often. Think when they grow and help us in the task of addressing the bar, which I am sure will love them. I wish could say the same for my grandchildren. Can you not imagine with that taste I would care for them for a month while their father take vacation as such! You don’t know that he would see them chasing on the beach while I shout: grandfather, come with us to the sea!.

Is that that is not possible in my case but in yours if. You should not stop thinking about it. You should not say no to this opportunity that gives you life. Teresa looked so excited with one three idea that was born of nothing and already were living it as a reality, which could not stop feeling overwhelmed by this spirit. Little by little in a few hours, was convinced that she would cease to love his children and grandchildren, or they forget his mother and grandmother because they were living a few miles of distance. Daniel did not cease to find positive things in the change. And he was accepting them naturally.

When they were of Zapallar, almost had closed the dealings with the owner of the bar. It just missing each to sell their property to have enough money to start the business, something that was very simple because in those moments, by a rare coincidence that Daniel ever I would have considered as such, but as part of what fate had him booked, buying and selling real estate was booming in Argentina. That was how the lives of the four began again, despite the fact that none of them had less than fifty years.