Proposals of the Advisory banks interested investors should be prior to the conclusion of such an agreement is to enlighten, whether and what claims can claim it. It is among other things also depends on whether the height of the offered payment is acceptable or not. For wrong advice, there are numerous starting points, the prospects seem favourable in our opinion. We had already warned in March 2012, that the total loss was already established. Now, it is quite certain that the exploitation of vessels by the Bank will be providing of course any surpluses for the investors. After the shareholders disagreed with the storage decisions to sell the ships to March 14, 2012, the one-ship companies have put on 29 March 2012 petition.
In the letter of April 17, 2012, the trustee thinks that the lack of supply decisions have negatively affected the going-concern Outlook. In our opinion, that can't be right, because completely undifferentiated for to reach a sales decision, all ships was the shareholders apparently unemployable. In this respect the immanent criticism in the wrong direction is likely to be pronounced, because it is on the hand that the restructuring either not understood, then there is a communication problem, or appeared inconclusive, what constitutes a clear sign of lack of confidence in the competence of the Management Board... Increasingly, we hear from clients that they get comparisons offered by banks. Most compensation payments offered grace half - between 30% and 60%. After examining some proposals is to advise all affected investors to sign such an agreement only after examination by a specialized lawyer.
Although apparently also from advisory circles was expressed, that the probability of recovery of already received distributions virtually does not exist from our point of view is by no means certain. In addition there are also tax issues that such comparisons must be taken into consideration. Interested investors should leave prior to the conclusion of such an agreement is to enlighten, whether and what claims can claim it. It is among other things also depends on whether the height of the offered payment is acceptable or not. For wrong advice, there are numerous starting points, the prospects seem favourable in our opinion. Do you have questions to your funds? Do you also know whether you were given wrong advice and whether you have chances to the enforcement of claims for damages?