*by Johannes Fiala, Attorney at Law (Munich), MBA Financial Services (Univ.Wales), M.M. (Univ.), chartered Financial and investment advisor (A.F.A.), EGExpert (C.I.F.E.), banker (www.fiala.de) Distribution and intermediary law: what are contract brokerage, investment advice, Financial portfolio management,financial planning, investment brokerage and prospectus liability? Investment brokerage: Investment brokerage (also acquisition brokerage, especially in the insurance sector) is […]
by Peter Schramm (www.pkv-gutachter.de) and Johannes Fiala (www.fiala.de) Until 1994, guaranteed surrender values were paid out in German life insurance in the event of cancellation, which were calculated from the actuarial reserve according to the business plan less cancellation deductions. Fair values instead of guaranteed surrender values With the deregulation of 1994, the guaranteed surrender […]
by Johannes Fiala, lawyer 1. reduce the tax on cash gifts: A partner wishes to make a gift of EUR 75,000 to his partner. If this is done directly, only the tax-free amount of EUR 5,200 is deducted. On EUR 69,800, 23% gift tax is then due (i.e. EUR 16,054). The situation is different when […]
*by Peter Schramm, actuary and Johannes Fiala, lawyer The magazine Finanztest (issue 09/2005, p.38 f.) reports that with British policies there is ‘no protection against bankruptcy’ because the money of German customers is ‘not protected in the event of insolvency’. Respected lawyers in the service of British insurers are also damaging sales by making the […]
RA Johannes Fiala (München) hat für experten.de eine Kurzinformation zusammengestellt. Es geht um die Frage: Warum eine Limited ? Vorteile und Risiken. Für den Finanzdienstleister ergibt sich angesichts über 20.000 Haftungsprozessen im Jahr, die Notwendigkeit die Haftung zu beschränken, so gut es geht. Typische Gestaltungsmittel sind dabei die Versicherung des Restrisikos durch eine Vermögenschadenhaftpflichtversicherung, aber […]
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) Anyone who is active in the business world likes to know who they are dealing with. For example, what is the use of brokering a financial product if the customer does not keep his promise of services […]
Inadequate provision can cause considerable economic damage to assets in the event of care or death; and often the wishes and aspirations of the person concerned are not fulfilled. The documents for arranging these matters are power of attorney, last will and testament, health care proxy and care proxy. This article is intended to […]
by Johannes Fiala, lawyer Some brokers or investment advisors may hardly believe it: The BGH has in the last ten years practically fixed that these mentioned occupational groups are just as strictly responsible for handling errors, as for instance tax advisors and chartered accountants. The reform of the law of obligations since 01.01.2002 indicates that […]
*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 ) Existential questions: Damaged investors and intermediaries know the situation when it is said ‘No, no, your good money is not gone ? it has only someone else? The mediator of financial products is obligated […]
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 ) Vesting: Employers have always tried to retain their employees by offering a company pension scheme. One of the instruments is the employer-financed social benefit, the additional conclusion of a direct insurance. Vesting only occurs […]
