1,000,0000 junk real estate victims await ECJ ; Statute of limitations looms for hundreds of thousands of consumers

by Johannes Fiala, lawyer To this day, banks enforce against their clients for unprofitable tax saving schemes in the real estate sector: The European Court of Justice is called upon to help consumers enforce their rights. Many aggrieved investors often do not know that most claims for damages become time-barred at the end of the […]

1,000,0000 junk real estate victims await ECJ ruling

by Johannes Fiala, lawyer To this day, banks are enforcing against their customers for unprofitable tax saving schemes in the real estate sector: the European Court of Justice is called upon to help consumers enforce their rights. Many aggrieved investors often do not know that most claims for damages become time-barred at the end of […]

Risks associated with the investment and management of third-party funds

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) On the duties of a lawyer and tax adviser in the management of third-party assets – in particular in the investment of wards’ money – in escrow or trust accounts Due to faulty investment advice […]

BGH strengthens rights of home buyers

by Johannes Fiala, lawyer The Federal Court of Justice (BGH) has strengthened the rights of condominium owners who have concluded the purchase of their property and the associated loan agreement in a “doorstep situation” (XI ZR 91/99). According to the ruling, homebuyers can revoke their loan indefinitely if they were not properly informed of their […]

Reconstruction of junk real estate: New ruling of the European Court of Justice allows for reversal of the transaction

RA Johannes Fiala Since the 90’s resourceful financial fraudsters promise their customers ?you get from the tax office a real estate given? To the Untermauerung immediately a sample calculation is put on, according to which the capital investor in the first year a chunk money of the tax office gets back. These computations have however […]

Doorstep Selling Act: The ECJ Decision

by Johannes Fiala, lawyer Hundreds of thousands of investors in unprofitable investments have the chance to reclaim all interest and redemption payments to date. Many lending institutions have provided sales people with their loan forms in recent years. These salesmen then sold the mortgage-backed loans (or fund shares) to the investors at home. A revocation […]

Junk real estate: What does the European Court of Justice say ?

Scrap real estate judgements of the EuGH (C-299 and C-350) of 25.10.2005* The credit institutes give themselves calmly, while investor lawyers speak euphorically of a ?break-through? The reality looks more modest. The information problem: If an investor compares the comparatively meager interest of safe money plants with the enticing net yields, over investment consultants offered […]

Scrap property judgements of the ECJ (C-299 and C-350) of 25.10.2005*

*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 The credit institutions are calm, while investor advocates are euphorically talking about a ?breakthrough? The reality looks more modest. The information problem: If an investor compares the comparatively meager interest of safe money plants with the […]

bAV: Petition against bankruptcy with pension commitment

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 ) Petition proves: Pension commitment is not insolvency-proof but seizable: Where the ?hare in the pepper? lies shows the report of the Petitionsausschuss of the German Bundestag. In the printed matter 15/5570 of 01.06.2005 it […]