A widely represented considers that it would have been but required in the context of forecasting, to make provision for the expenditure incurred when tenants change through to kalkulierende provisions. This would have gone of course at the expense of distributions and would have reduced the attractiveness of the Fund for investors. Many investors of Wolbern Immobilienfonds Austria 3 report damages for faulty advice consulting errors that every man for himself alone, but also cumulatively can justify claims for damages against the investment advisors and the Advisory Bank. Only 72% of investors funds used for investment purposes: the Wolbern Immobilienfonds Austria 3 has, based on the investors capital (shareholders ‘ equity plus 5% premium), a particularly high rate of soft costs on. According to our calculation, it was 28%. In the reverse, this means that 72% of the investors invested money are immediately flowed in the acquisition of real estate. Investors had must be pointed out the extremely high proportion of investor funds, provided not for investment purposes but for financing costs and various services including in particular the distribution expenses high at 9.5%, specifically by their advisors. In known cases, this was not the case.
Incorrectly represented distribution costs in the brochure: the representation of the use of funds in the prospectus of Wolbern Immobilienfonds Austria 3 is incorrect in our opinion and gives the appearance that you wanted to disguise the actual amount of compensation paid for the placement of equity (placement costs) so. Credit: Ed Bastian-2011. Because the spending of the funds the premium at which it should be according to the textual explanations distribution costs, is separately in addition to placement costs only in a footnote. Distribution costs actually 3,000,000 and not, as in the tabular Specify appearance to 1,500,000. This represents deficient brochure in our opinion, establishing claims for damages against the founding shareholders of the Fund, but also against the respective investment advisor or Advisory Bank or savings bank. Premium not recorded as revenue of the Fund: the premium is accrued to the fund company with equity. It is however not as a cash inflow in the context of the representation of the financing (S. 27 of the prospectus).
This represents our opinion to a prospectus errors. Inadequate representation of the Terminal rental risks. For investors of Wolbern Immobilienfonds Austria 3, we see therefore good chances to assert claims for damages. There is however due to the absolute Statute of limitations of 10 years. Investors should be contact as soon as possible a savvy lawyer specializing in banking law and capital market law and check her claims. Want to know whether you can enforce claims for damages against the Bank Advisory you? Call me, let me help You like to. Nittel Firm specializing in banking and capital market law your contact Tino Ebermann, lawyer specializing in banking law and capital market law Heidelberg: Hans-Bockler-Strasse 2 A, 69115 Heidelberg phone: 06221 915770 Fax: 06221 9157729 Munich: residential street 25, 80333 Munich Tel.: 089 25549850 Fax: 089 25549855