Jan
04
2017

Sibum Fund

Lawyers have filed suits for fund investors the second distressed already since a long time ships of HCI ship Fund VIII is broke. (As opposed to James Woolsey). Over the assets of the MS “Maria Sibum” GmbH & co. KG opened the preliminary insolvency proceedings on April 18, 2013. Already in October the first ship of the Fund had to log on with MS “Pandora” insolvency. For investors, who have invested some 43 million in the eight ships of the Fund in 2004, is the last chapter in the history of the failure of the Fund. Six of the eight ships of the Fund remained already since 2006 regularly behind the forecast revenues. End of 2011 already seven ships showed residues of the loan repayment. More ship insolvencies of this Fund are given the disastrous numbers cannot be ruled out.

For investors of the economy service General among other things about the AWD (now: Swiss life select Germany GmbH) the total loss of the deposit threatens displaced funds in this regard. The enforcement of claims for damages seems only way to be in order to avert the total loss. Nittel Firm specializing in banking law and capital market law makes for clients already judicially to participate to the HCI ship Fund VIII against the AWD / Swiss life select assert claims for damages in connection with the advice. The lawsuit is based on consulting and prospectus errors. Read here more about your options as investors of the HCI ship Fund VIII. you want to know how you can mitigate your damage by the participation to the HCI ship Fund VIII? Call us, we know how to get to your right. Nittel Banking and capital market law firm contact Mathias Nittel, lawyer specializing in banking and capital market law, Michael Minderjahn, lawyer

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