EU Directive: For years, intermediaries in the financial sector have feared the loss of their professional accreditation or licence due to the advertising of their courses by some training institutions. In doing so, these providers invoke Directive 2002/92/EC on insurance mediation. However, the wording of this Directive, “appropriate knowledge and skills”, does not initially impose […]
by Johannes Fiala, lawyer Leveraged transactions are in practice referred to by financial service providers as “savings annuity”, “savings annuity”, “lex annuity”, “interest rate differential transaction”, “loan-financed annuity”, “immediate annuity”, “leveraged annuity”, “guaranteed annuity”, “loan-financed life insurance”, “leveraged life insurance”, “fixed loan with redemption replacement”, “leveraged pool”, “loan-financed investment”, “fixed loan with repayment substitute”, “leveraged […]
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 […]
The ad-hoc release from 02.01.2006 – Allgemeine HypothekenBankRheinboden AG (AHBR): “AHBR expects negative annual result for 2005, Frankfurt am Main,2 January 2006Allgemeine HypothekenBank Rheinboden AG (AHBR) expects a negative after-tax result for the 2005 financial year. Thiswill be in the range of EUR 1.1 to 1.3 billion, according to the Bank’s preliminary estimates. The background […]
