Tuesday, August 31, 2010

Champiro Tires Where To Buy

Alpina funds: According to the District Court of Munich: There is extraordinary right

Alpina investors have, according to the local court in Munich an extraordinary right of termination, with the consequence of withdrawal from the Alpina 4 KG VAP because the management, including Mr and Mrs Pitter-Kilfitt Anouschka Wittke, not the required reliability.

The district court of Munich has three judgments, 12 October 2005, of 20 October 2005 and on 2 February 2006, the actions of PPR (formerly Alpina) Alpina VAP and the VAP 3 KG 4 KG dismissed on payment of any outstanding deposits.

The first two sentences of 12 October 2005 and the Judgement of 20 October 2005 founded the Order of Dismissal with the lack of locus standi of the Alpina. Standing to be exclusively the trustee, had the A / T / G GmbH

against one of the first two verdicts, the PPR (formerly Alpina) VAP inserted 3 KG 4 KG or Alpina VAP appealed to the District Court of Munich. Meanwhile in one of these two appeal decision has been issued a notice, which

intends "the appellate court, the appeal in accordance. § rejected 522 para 2 CCP, because the appeal does not succeed, the case has no fundamental significance, not the development of the law or the assurance of a uniform law a decision of the appellate court requires. "
is particularly interesting is the third decision of 2. February 2006. For with this decision, the court approves the investors in VAP Alpina 4 KG an extraordinary right of termination on the grounds that to:
"the institutions of the general partner of the applicant or the trustee limited lacks the essential seriousness of the financial investment business. With the transfer of funds in the hope of profitable investment, the defendant brings the investor as ATG GmbH or the applicant a high degree of confidence in that requires a fully correct action.

(...)

The defendant can not be expected, the applicant, whose business activities by the general partner or its directors out, will continue to entrust their money. "

In this particular case, the investor had therefore only the rates to pay for extraordinary cancellation by our firm.

against this decision has placed the VAP Alpina 4 KG now appeal.

We will notify you when there is news ...

Adapted from
http://www.anlageanwalt.de/pages/faelle/fonds/09.php

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Note: In the mentioned earlier in this report, the appeal process Landgericht München I in the meantime, as reported, the investment in Alpina 4 KG due to the substantial disadvantage of investors judged even as immoral (Judgement of 18 March 2010, Az 31 S 4068/06).

What Type Trim To Use Around Bathtub

If Beneficiary of GASTRO-AWARD Germany AG a sensible investment?

by lawyer Martin Arendt, MBL-HSG

The business model of the icon group, Oberhaching, belonging GASTRO-AWARD Germany AG looks in the prospectus, in particular, the concept and the brand "GASTRO-AWARD" by another subsidiary of Icon Group, the company KiWi event experience gmbh (both based Celtic Ring 17, 82041 Oberhaching) to evaluate and purchase. The first deferred purchase price is about the large number of small investors as Beneficiary funds raised are funded (profit participation capital of EUR 7 million), providing investors with a - not nearly as realistic in our view - "average dividend yield" of up to 14% pa promised.

exist In my view, serious doubts whether the "agreed upon" in a group, a purchase price of an arm's length even comes close to, ie whether the expensive purchased brand GASTRO-AWARD "and the concept actually fixed purchase price of EUR 2.4 is worth millions. Indicative of this, that the same lawyer as both the seller and the buyer "looked after" is. The long-standing legal representative of the icon group, Mr. Stephan Wiedorfer lawyer from the law firm lawyers Wiedorfer is, according Prospectus "legal services to the Issuer" and both partners of the Seller, the Company KiWi event experience GmbH, as well, according to the shareholder of the Company at its website GASTRO-AWARD Germany AG, So the buyer. His work is in the prospectus, the company GASTRO-AWARD Germany AG on p. 103 below are described as follows:

" heard Mr. Stephan Wiedorfer the Supervisory Board of IVAG to AG and holds a minority interest (1%) on the Kiwi Experience gmbh. In his capacity as a lawyer he supervised both the Issuer and the KiWi EventExperience gmbh, IVAG AG, and the icon GmbH & Co. KG Holding. "

These multiple functions of civil law attorney Stephen Wiedorfer are in our estimation, not without problems. Sun care of Mr. Attorney Wiedorfer that of lawyers not only both the seller as the buyer, although these have fundamentally different interests (particularly the highest possible price for the seller vs. The lowest possible price from the buyer point of view). In addition, he represents the interests of the Issuer, whose board he served previously, as well as the interests of the distributor, the company IVAG Ltd., whose board he is a member. Also in this respect There is a conflicting interests (the highest possible proceeds vs. the highest possible commission). Not least, the company IVAG AG (also based Celtic Ring 17, 82041 Oberhaching) Fuse holder and landlord of the company GASTRO-AWARD Germany AG. Also in this respect there is a problematic conflict of interest.

From my point of view problematic multiple functions is also available at the tax consultant Ralph Adamy and both the seller and also on the GASTRO-AWARD Germany AG participated Mr Ronold Denk, whose consulting company Procenta is involved GmbH in the sale of participation rights.

Neither the prospectus nor any other way, the (potential) investors in the criminal proceedings against the Icon initiators Pitter-Kilfitt (criminal defense lawyer Wiedorfer) and Wittke (since 2002 convictions for unauthorized bank transactions) pointed out. For that reason, in my view of § 264a of the Criminal Code (investment fraud) met factual terms, since it is a relevant criminal conviction is a relevant factor for the investment decision.

The initiator Pitter-Kilfitt canceled the Waldorf school in the details of the criminal sentence issued against him without a degree. Mrs. Witt is a trained medical technician and housekeeper. Both are therefore - regardless of the relevant criminal history - not sufficient for the installation of third party funds professionally qualified.

also an indication of financial problems and in our estimation, even this economic failure of the icon group previously launched investment products (Alpina funds, AVIMA funds, ISIS funds, etc.) are not.

investment product:
prospectus of GASTRO-AWARD Germany AG on 15 November 2008
pleasure capital of EUR 7,000,000 -
700,000 (restricted transferability) Name Beneficiary in the principal amount of EUR 10, - plus premium of 5%

Putting In A Tampon Stories

immovable telegram "warns Avima AG & Co. - Property Value Plan 6 KG of the icon group

The conclusion of the information service "fund-telegram" to the Avima fund the so-called icon group, Oberhaching, the initiators Pitter-Kilfitt and Wittke is devastating. The analyst notes Loipfinger clear:

" should actually be for these funds, the prosecutor interested."
immovable frame "refers to the exorbitant costs charged to the investor and the lack of plausibility:

" alone the huge cost factor of over 24 percent, most of which are cashed by the persons mentioned above, the product can not make recommended. Also, the fact that investors have their money einbezahlen only eight years to earn that income may be reluctant to any reasonable Investment strategy. . The business entanglements of the Fund, particularly with the trustee to appear the Fund as an extremely dubious "
Under" Personal Data "is commented on the lack of seriousness:

" It should be noted that the executive directors of the general partner and trustee limited Klaus Pitter-and-Jürgen Kilfitt Anouschka Wittke with previous products were not very successful. Because the collection of investor funds for the two predecessor funds have been convicted of illegal banking transactions and six to eight months in prison. (...) Do not trust the fact is worth that as a trustee of the Fund is not a tax consulting or accounting firm, but a fiduciary and financial consulting company was used, which is dominated by the above persons. "

Source: Fund telegram dated 25 May 2006

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" capital market internally, "warns Avima AG & Co. - Property Value Plan 6 KG

The industry information service" capital-market-internal " warns massively before subscription of the fund shares in AVIMA AG & Co. real value plan 6 KG "K-mi" Conclusion:.. " from Alpina was AVIMA has changed for the better but obviously not much, in part because according to design investor money yet. is always overdone for many years, only fees for . "

background of warning is mainly the enormous Cost to the investor is obliged to pay in the drawing of that system. The costs are so high that the cash-flow is expected, according to the initiators (especially Mr and Mrs Pitter-Kilfitt Wittke) was used until 2013 to cover the issuance costs, design fees and administrative expenses. Only then can in the first investments made in accordance with their commands. Whether the current economic conditions provided by the initiators of investment strategy will look even more useful is in the stars. In addition, investors should be careful also because of another detail of this offer. Because the partnership agreement provides for necessary investments with other companies Icon of the group before.

is the risk the information of the prospectus for this purpose include the following:

"Besides the usual risks of entrepreneurial involvement resulting in possibly with other companies made investments other risks, which include in their social construction, where people involved and the operations of these companies are founded. These risks, however, are at present no detectable since possible joint investment projects not yet known, and therefore can not at this point are presented.

At the time the brochure was issued, it is quite conceivable that the AVIMA & Co. - property value of plan purchase 6 KG establish one or more investment properties in common with any other party / fund group or the icon or use is. Due to the membership of both the executive BVA GmbH as well as the general partner AVIMA AG icon group, is however in the case of joint projects to link min others, managed by this group of fund companies, such as Alpina, BVA or ISIS series before.

on investments in other investment companies or investments or projects carried out jointly with other (fund) companies, there are any additional risks due to the interdependence of societies among themselves or with the AVIMA AG & Co. - Property Value Plan 6 KG, and may by given identity of the persons and resulting conflicts of interest.

The majority of the members of the BVA, or Alpina-fund companies to provide its core - as well as in the AVIMA AG & Co. - Property Value Plan 6 KG itself - not in one lump sum, but in equal monthly installments over a period of 19-24 years. Thus, since the capital of each fund companies only gradually for investments available, especially larger plants can be made from a few years after the course.

Since at this stage none of the BVA, or Alpina funds in the investment phase is entered, the naming of objects of this investment fund companies and checked from investors are not at this time. (...)"

this should be mentioned that not only have the k-mi, but the DFI report already Gerlach (now renamed in some BVA KG) massively against the risks of investing in the predecessor fund Alpina KG warned. If the AVIMA carry 6 KG major investment projects with other Alpina or BVA-fund investors would enter the AVIMA 6 KG in our view a significant risk.

Adapted from
http://www.anlageanwalt.de/pages/faelle/fonds/11.php