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Axa Immoselect will be closed to continue

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Investors in the Axa Immoselect can not return their share certificates will continue. The property fund is closed on 17-11-2009 up closed for a further twelve months. The reason for this is that the liquidity ratio is currently insufficient to serve all with an opening anticipated redemptions. The consequence is that investors now have to wait another year whether the fund is open again.

is to be considered to continue, that the closure of a fund such as Axa Immoselect by law to a maximum of two years can. For Axa Immoselect is therefore: Open In November 2011, the Fund must either back, or be liquidated. Although the fund's management seeks to reopen and aims to increase this by the end of next year as real estate sales, the cash position of the fund, many investors have lost confidence. This is due not least the fact that within a short time the settlement was announced three other open-ended funds, which even after two years of closure could not be opened. Investors feared, therefore, in the event of a settlement fund not recover their entire investment.

individual should seek the advice of an attorney. For there is the possibility that a claim for damages against the Bank, which gives the fund is in place. If so, investors are able to indemnify. It should be noted, however, always: whether a claim for damages is a question of the case. It depends on the specific situation of each investor. A legal advice is essential.

liability for damages the bank might be about if they had not informed the investors of the risks of the fund (such as the possibility of closure or loss of value), but but has touted the fund as a very safe investment. Clears the bank that is not about the dangers, which brings an investment in the fund with him, there could be a breach of duty because of incorrect advice to have GRP Rainer Legal Accountants, Cologne, Berlin, Bonn, Dusseldorf, Hamburg, Mu ; nchen www.grprainer.com out. This can lead to culpable conduct of the bank to a claim for damages by the investor.

also can be repeatedly observed that banks do not inform about reimbursements they receive for the fund transfer (so-called "kick-backs"). Also, the Concealment of kick-backs "can - lead to a damages claim against the bank - after supreme court of the Federal Supreme Court. It is therefore worthwhile if investors can check their case also concerned that effect. Yet, here again, that a claim for damages can not be affirmed or denied flat rate, but always in the particular case decides.

It is advisable to seek review of the existing opportunities for a lawyer. Investors should however not leave much time for claims - They are barred http://www.grprainer.com/Der-Axa-Immoselect-bleibt-auch-weiterhin-geschlossen-usually after three years
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