Open-ended property funds

The open-ended property funds make since the outbreak of financial crisis in 2008 again to talk with temporary closures of the four mutual funds are even now in the process. Investors now want erstreiten compensation lawyers.

However, it was important to note the limitation period. "Who wants to do something, you must quickly take action," said Klaus Kapitalmarktrechtler Nieding, CEO of the firm Nieding + Barth's lawyer and partner joint ventures Protect Investment Alliance (PIA). At 31 December 2011 threatened all open real estate funds (OIFs), whose withdrawal was first exposed in 2008, was the ultimate validity of claims. Nieding + Barth wants to go to information from the "Handelsblatt" in particular massively proceed against the administrator of the OIF Morgan Stanley P2 Value, which is located in the settlement since October 2010.

Basis for eventual recourse be a possible false advice and erroneous information brochure. "In the prospectus of the fund companies to find words such as risk-free savings product '. These representations were patently false for almost all investors, the reason to buy the shares, "explains Andreas Bankrechtler Tilp, founder and CEO of Tilp a law firm and also PIA partner.

The imbalance of open real estate fund is for investors has become a case of total breakdown. Currently lie just under € 25 billion into the fund on ice, the redemption of their shares have stopped. The investors did not come, or at a sale on the open market with significant discounts on their money.

The buyers of the products were often sold the fund as an alternative to savings products - reportedly equipped as safe but higher-return and cash as an equity fund, criticized the legal experts. You want erstreiten a claim that leads to the reversal of the entire business.