Nadine Jansen & Milena Velba Vater

Investors DEGI International Real Estate Fund needs to be put off

http://www.grprainer.com/Degi-International.html According to the Aberdeen, administrator of the DEGI International remains the property fund is now closed and that it continued for another 12 months to mid-November 2011. Reason for this is that not enough liquidity funds were available, to meet all the expected return of investor demand.

are now real estate sales are under way to allow a reopening of the fund next year. This, however, under the condition that the property sold at reasonable prices werden.Es remains to be seen whether the fund is actually opened again next year. By law a closure fund open only for a maximum of two years is permitted (§ 81 Investment Act). This deadline is for DEGI International, which already closed in November 2009, was in November 2011. Then the Fund must be either opened again, or liquidated. Given the fact that lately some open real estate funds (DEGI Europe and U.S. KanAm KanAm) after two years of closure could not reopen, but must be liquidated, is the concern of the investors shall have a BETRA losing nocturnal part of their money.

GRP Rainer Legal Accountants, Cologne, Berlin, Bonn, Dusseldorf, Hamburg, Munich www.grprainer.com therefore recommend that investors now seek legal advice to verify whether they could possibly hold harmless: So claims come against the Fund in promoting bank account if they are advised incorrectly. A faulty advice can be present when the fund the safety-conscious investors has been elucidated as safe or has even been touted risk and not on actually existing risks (such as was now closing). Also is concerned that the bank due to discreet reimbursements they received for the provision of funds (so-called kick-backs) made to pay damages to investors added.

Whether a claim for damages against the bank is always a case by case examining. Investors should not wait too long, because any claims against the bank would otherwise expire.
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