Professor, tax consultant or lawyer as a supervisory board member? – Legal prohibitions and void consultancy or mandate agreements

*by Dr. Johannes Fiala, Lawyer (Munich), Mediator (Univ.), MBA Financial Services (Univ.Wales), MM (Univ.), Certified Financial and Investment Advisor (A.F.A.), EC Expert (C.I.F.E.), Lecturer in Civil and Insurance Law (Univ. of Cooperative Education), Banker (www.fiala.de) For the intermediary or financial service provider, the question of the plausibility of the concepts as well as the seriousness […]

Intermediary and sales coaching: BaFin may prohibit credit offers from Switzerland

The latest decision of the European Court of Justice (ECJ) of 03.10.2006 (Ref. C-452/04) underlines the importance of the European Constitution for the internal market. Switzerland is not part of the internal market: therefore, according to the ECJ, BaFin may also prohibit commercial lending by companies established in third countries. Legal basis Pursuant to Section […]

Leverage transactions ? Liability hammer on dubious investments for independent distributors

A commentary by Johannes Fiala, M.B.A. (Univ. Wales, Cardiff); Banker (H. Aufhäuser); EC Expert (C.I.F.E.); Chartered Financial and Investment Adviser (A.F.A. in the Lloydsbank London, plc Group); M.M. (Univ.). Prison sentence for BFI Bank founder The founder of BFI-Bank was legally sentenced to six years and nine months imprisonment by the Regional Court of Würzburg. […]

Out of the advisor liability: By mediator recourse with banks and selling !

– Liability for faulty, incomplete sales training – by RA Johannes Fiala, banker (IHK), certified financial and investment advisor (A.F.A.), business economist (M.B.A., Univ.), court-appointed expert (financial services sector), IHK examiner (Finanzfachwirt), www.fiala.de Attorney Johannes Fiala explains exclusively for experten.de, at the example of the credit-financed pension, central solution beginnings, in order to come as […]

Deposit insurance of British life insurers

*by Peter Schramm, actuary and Johannes Fiala, lawyer The magazine Finanztest (issue 09/2005, p.38 f.) reports that with British policies there is ‘no protection against bankruptcy’ because the money of German customers is ‘not protected in the event of insolvency’. Respected lawyers in the service of British insurers are also damaging sales by making the […]