Bank AXA
Bank compares Court gutlich with an Immoselect of AXA investor the situation has been, that a Bankkundin had acquired shares in the originally open real estate fund Immoselect (WKN 984645) 2007 in the year. An investment advice went ahead through their local bank. The Bankkundin felt wrong advice, as already announced in November 2009 the AXA investment manager Germany GmbH, that closed the AXA Immoselect, i.e. that the issue and redemption of share certificates of the AXA Immoselect was suspended until further notice. During out-of-court negotiations, no amicable agreement could be reached with the Bank, the investor decided to take action against the Bank. In the course of the court proceedings, a comparison was closed after extensive negotiations.
The Bank is committed to pay a reasonable amount of comparison. The rescue of the open-ended real estate fund AXA Immoselect had failed. The AXA investment manager Germany GmbH had already on the 19.10.2011 announced that the AXA Immoselect is liquidated, after most November 17, 2009 the AXA Immoselect was closed. The AXA investment manager Germany GmbH is the investment company of the real estate fund AXA Immoselect. The AXA Immoselect was applied to the 03.06.2002. Office real estate in Germany, France and the Netherlands were predominantly of the investment subject of AXA Immoselect.
The shares of a mutual fund must always be withdrawn at any time request an investor by the capital investment company. A statutory exception case occurs when a so-called Fund closure when the liquidity of the investment funds it does not allow to pay all investors willing to return. If then within 2 years the liquidity situation of the mutual funds improved non-sustainably, the investment fund must be resolved. This phase of the dissolution of the Fund can last for many years. In a different matter and of other investment funds the higher regional court had already ruled Frankfurt am Main that the possibility of the suspension of the redemption as a Exception of the fundamental obligation of the capital investment company for the redemption a the plant in open real estate funds is defining structural principle, which is to show the prospective. see You also: kanzlei-renner.de/AXA_Immoselect.html author and contact person: lawyer Ralf Renner – a trained banker and lawyer – Tel.: 030 / 810 030-22 E-mail: firm hit the specialty of lawyer Ralf Renner are legal issues of closed-end Fund, where he has many years of experience. In these contexts, investors in a lawyer approach, if you want to check what rights and claims exist. Blanket statements prohibit themselves? In any case, an individual assessment is offered. Damages can claims against an investment advisor or a Bank, if was not sufficiently enlightened on essential aspects. An experienced lawyer can determine whether claims for damages are and how high the chances for a successful Enforcement are.
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