Oldenburg District Court

The Oldenburg District Court sentenced a bank in a matter of an investor of the Fund ConRendit 12 GmbH & co. KG. The regional court of Oldenburg had in a matter of an investor of the Fund ConRendit 12 GmbH & co. KG (hereinafter cited: ConRendit 12) to decide. The ConRendit 12 is a Fund of the ConRendit emission House. The underwriter ConRendit was founded in the year 2002. The issuing House ConRendit placed fund companies in particular in the field of logistics investment goods that increase their business liquidity, or want to minimize the use of equity capital (so-called off-balance or off balance sheet financing).

The situation has been that the client by an investment adviser of his bank was mediated the Fund ConRendit 12. In the course of the proceedings the investor has relied and others that, that it had come to him that to acquire a secure investment for his retirement for a fixed term of five years. The Court saw it as proven that the investor was incorrectly informed and advised by the investment advisor of his bank. In the District Court in the reasons for the decision essentially turned off that the Bank Adviser its customers must indicate that the Fund ConRendit 12 has no fixed term, but that fuhesten in cases of termination 5 or 5 1/2 years the participation end, leading then to calculate a balance of discussion. This did not do the investment advisor however. The Bank must pay damages to their customers. see You also: kanzlei-renner.de/ConRendit_12_Conrendit.html author and contact person: lawyer Ralf Renner – a trained banker and lawyer – Tel.: 030 / 810 030-22 E-mail: Renner Attorney represents many aggrieved investors of closed-end funds against banks.

Legal issues of closed-end Fund, where he has extensive years of experience are the specialty of lawyer Ralf Renner. In these contexts, investors in a lawyer approach, if you want to check what rights and claims exist. Blanket statements prohibit themselves? In each Case is a case by case assessment. 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 are the chances for a successful implementation.