A must read for advisors, agents, brokers, employees of distribution companies, employees of insurance companies, partners and employees of credit institutions. Intermediary liability: The early death of the investment advisor through bankruptcy due to incorrect investment advice! New market development trends: The banking and investment scene is in a state of upheaval. The […]
K1 – BaFin loses before the administrative court
The Hessian Administrative Court puts BaFin in its place. Comment by attorney Johannes Fiala: BaFin loses at the Hessian Administrative Court: No intervention against financial service providers based outside the EU? The Limited: As is well known, the limited liability of a GmbH is as full of holes as a Swiss cheese, so […]
Consultant liable: creditworthiness not checked and about it not
The case: The BFI bank is broke. But this was already foreseeable in the industry as a rumor. “The interest rate offered by the bank was so above the capital market that insiders said long before”. They need money so badly they’ll bid almost any interest rate. Verdict: The Higher Regional Court of Thuringia, […]
Insolvency and sequestration practitioners: Prohibited legal fees and litigation
Corruption in insolvency administration: In August 2005, the Handelsblatt reported on a corruption case. The basis was the observation that an insolvency administrator had paid money for the procurement of orders. Public prosecutor investigations can not only be directed against insolvency administrators – forced administrators can also be in the fire here. Rich insolvency […]
Unprofitable loan agreements – money back!
by Johannes Fiala, lawyer Many lending institutions have provided sales people with their loan forms in recent years. These intermediaries then sold the mortgage-backed loans (or fund shares) to investors in their living rooms. But the right of withdrawal for doorstep selling now also applies to consumer credit. This was decided by the Federal Court […]