Tag: Investor protection
Adler: race for damages
Just three days later – and thus probably faster than ever before in a comparable case – lawyer Maximilian Weiss from the law firm Weisswert in Stuttgart filed the first…
Sparkasse has to pay thousands of euros in interest
Frankfurt In the dispute over premium savings contracts, a higher regional court (OLG) has decided on the exact calculation of interest for the first time. The OLG Dresden ruled that…
Compensation from EY: KapMug or foundation?
Frankfurt The bankruptcy of Wirecard AG in the summer of 2020 is one of the biggest economic scandals in German history. Private and institutional investors lost thousands of euros within…
More savings banks are ready for additional payments
Frankfurt The German savings banks are making a turn in dealing with controversial payments from premium savings contracts. More and more savings banks are at least open to paying customers…
Abuse of office by the Bafin in the Wirecard case unproven
BaFin The investors demanded from the Bafin compensation between 3000 and 60,000 euros. (Photo: dpa) Frankfurt In the Wirecard case, the Frankfurt Regional Court considers the allegation of abuse of…
How BaFin wants to track down systematic misconduct
Berlin A few months ago, the financial regulator Bafin tried out an instrument that was new to her: With the anonymous test purchases (mystery shopping) made possible by the legislator,…
NRW consumer center is suing the Sparkasse am Niederrhein
savings bank Adjust terms and conditions, but do not reimburse any fees: The consumer advice center of North Rhine-Westphalia is suing the Sparkasse am Niederrhein. (Photo: Julian Stratenschulte/dpa) Frankfurt In…
Savings banks rely on customers not knowing
savings bank In the dispute over the right interest rate for long-term savings contracts, the savings banks have not yet approached their customers. Only a fraction of savers fight in…
Consumer advocates accuse savings banks of gambling on the statute of limitations on customer claims
savings banks Finanztip, Finanzwende and Verbraucherzentrale Sachsen are calling on savings banks to pay interest from savings contracts. (Photo: Arne Bänsch/dpa) Frankfurt In the dispute over the correct interest rate…
Santander pays bills twice: £ 130 million damage
Santander Bank Santander belongs to the Spanish group of the same name and is one of the market leaders in Great Britain with around 14 million active customers and 20,000…
Private banks reform deposit insurance
Frankfurt am Main Insurance companies, investment companies and public corporations and institutions, among others, are no longer to be protected. (Photo: dpa) Frankfurt The German private banks are fundamentally restructuring…
Court clears the way for settlement in the investor dispute
Frankfurt In a black robe and a black corona mask, Judge Bernhard Seyderhelm entered the windowless session room II of the Frankfurt Higher Regional Court on Tuesday. Despite the gloomy…
Investor lawyer Schirp attacks insolvency administrators sharply
UDI biogas plant The UDI Group from Nuremberg promised its investors to achieve good returns with eco-investments. Now it’s all about how much money the creditor can be saved in…
Savings banks and Volksbanks ally in a struggle with the Bafin
This emerges from a letter from the Federal Association of Volks- und Raiffeisenbanken (BVR), which is available to the Handelsblatt. “In the meantime, together with the German Savings Banks and…
Long-term savings contracts: “Changes according to the landlord’s style” – BGH opens the gate for high interest payments to savers
Consumer advocates see themselves largely confirmed by a ruling by the Federal Court of Justice. Accordingly, many subsequent rate cuts in savings contracts are ineffective. .source site
Will cryptocurrency be the next investor trap?
Bitcoin If the token is linked to a cryptocurrency such as Bitcoin or Ethereum, then that is sufficient to describe this financial asset as a security and no longer as…
How investors get compensation
Coal power plant and wind turbine The Energy Charter Treaty is intended to protect investors and prohibits, for example, expropriations without compensation, violations of concluded contracts and unfair or discriminatory…