Tax evasion through net policy brokerage

Destruction of existence through liability for insurance and sales tax?   Since a ruling by the VG Frankfurt am Main, BaFin has no longer prosecuted violations by intermediaries of the commission fee ban, but insurers are still bound by it under supervisory law. Commissions can be up to more than 38 percent of the initial […]

Reversal of bad capital investments and investments

New opportunities for investors through the Federal Supreme Court (BGH) It’s not enough to have a chance, you have to take it! (Michael Douglas) Investment advisors are regularly overburdened when it comes to checking the “legal, tax and economic viability” of investments. Bank advisors often do not fare much better, although the Federal Supreme Court […]

Federal Supreme Court (BGH): Reversal of open-ended investment funds with hidden commissions ! Can investors now always simply part with bad fund investments?

It’s not enough to have a chance, you have to take it ! (Michael Douglas) The Federal High Court has created by the current judgement of 19.12.2006 (Az. XI ZR 56/05) for investors a “new” possibility of giving bad Investments back to loads of credit institutes and Finanzvertrieben. The core of the case is a […]

Beware of false advisers

As of 22 May 2007, insurance intermediaries subject to licensing must, among other things, possess a VSH. For months, a price war has been raging in order to win the loyalty of as many intermediaries as possible – and they obviously have more plans for their addresses later on. The offers of the pecuniary damage […]

bAV: Suspicion of fraud in bAV distribution

by Johannes Fiala, Lawyer (Munich), M.B.A. (Univ.Wales), M.M. (Univ.), Certified Financial and Investment Advisor (A.F.A.), EC Expert (C.I.F.E.), Banker (www.fiala.de ) Cooperation Agreement: A bAV distributor risks trouble with the public prosecutor’s office: Hundreds of financial service providers are apparently supposed to use a model cooperation agreement with tax consultants to promote business. The drafter […]