Why mediators of dubious investment models cannot hope for residual debt discharge Complicity and aiding and abetting in the unauthorised conduct of banking business, section 32 KWG The Federal Court of Justice (BGH, judgement of 21.04.2005, ref. III ZR 280/03) decided that § 32 of the German Banking Act (KWG) also applies in favour […]
How municipal officials can prepare for their defense Some cities and towns tend to make the budget look more positive than it really is. That’s where fictitious revenue is booked to show a balanced budget. Expenditure already incurred shall be carried forward to the following financial year. The budget thus appears balanced, showing a surplus […]
How customers are led astray with life insurance shell companiesA supposedly elegant way to hide your money from the taxman is to take out a life insurance policy abroad, for example in Bermuda or Liechtenstein. Because then the account and deposit holder is an insurance company. Such accounts are held in Germany, Singapore or Switzerland, […]
The majority of occupational pension schemes in companies are restructuring cases – not only because of poor funding, but above all because of serious design errors. There is a threat of reversal. The establishment or design of occupational pension schemes in companies regularly leads insurance brokers and their “model suppliers” into the area of […]
If severance payments are made upon premature termination of an employment relationship, the question regularly arises as to the tax consequences and how these can be minimised as far as possible. The new Foundation Act, which came into force last year, can provide a sensible solution for many of those affected. Severance payments that result […]
In their new book, financial journalist Hans-Lothar Merten and lawyer Johannes Fiala provide the basic knowledge about dubious financial products. Financial offerings have become more global, complex and opaque. Information is the only way for investors not to be helplessly at the mercy of advisors. In about 200 articles from A like “Abassiert – wie […]
Welth management including tax and legal advice ! * Sales models with consulting practice in the financial industry *by 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 (Univ. of Cooperative Education), Banker (www.fiala.de) You can still govern with bad laws and […]
In a nutshell The medium-sized entrepreneur is currently facing a multitude of problems for which he urgently needs efficient solutions: According to calculations by the Institute for SME Research, more than 300,000 family businesses are facing a change of ownership in the next few years. It is estimated that in about 40% of all cases […]
Trust foundation as a progressive and flexible solution for medium-sized businesses The medium-sized entrepreneur is currently facing a multitude of problems for which he urgently needs efficient solutions: According to calculations by the Institute for SME Research, more than 300,000 family businesses are facing a change of ownership in the next few years. It is […]
PRINCIPLES OF PROTECTION OF ASSETS Asset protection means strategically separating professional and private risks. Bankruptcies, legal disputes, creditors, but also the separation of private and professional partners and divorce are seen as threats to one’s own assets. For the wealthy problematic is the realization that the implementation “from a single source” is rarely to obtain […]
