Swiss trustee MWB administration of an estate AG to payment of damages to German investor condemns

Attorney Patrick J. Elixmann, LL.M., of the Kanzlei Göddecke of attorneys (openPR) - victory castle, 26 February 2007. In the name of damaged investors the law office Göddecke has a obsiegendes judgement against the MWB administration of an estate AG for the middle class (MWB) firstrode. One accused in Switzerland to the resident enterprise Kundengelder to have extremely involving heavy losses invested. The administration of an estate had taken the view, which would be subject to right with their final contracts excluding Swiss, so that any requirements in Switzerland would have to be made valid. The regional court Leipzig affirmed however its competence for the law case (Az. 04 O 2115/06). The attorney Patrick J. Elixmann entrusted with the procedure welcomes the judgement: „Damaged MWB investors made of Germany do not stand thereby in their homeland without rights. They can appoint themselves before local courts to the German investor patent right very favorable for it “.

The business model of the MWB was completely aligned to German investors. After the judgement it is certain that the MWB cared for over 30.000 investors in Germany. The first establishment of contact with the plaintiff was made by a call center settled in Germany. The personal support took over a network of field representatives of the MWB. These closed then the contracts with the customers and received money for forwarding into Switzerland. The MWB praised itself to provide as professional Swiss administration of an estate also smaller manufacturing one or consumer the entrance to Swiss Finanzplatz. Attorney Elixmann, who represents a multiplicity of damaged MWB customers, explains: „Also at Swiss financial location is not all gold which shines. The administration of an estate with the MWB was for many of my mandators a bitter experience “.

In the law case the MWB a multiplicity at obligation injuries was accused: Incorrect consultation and unsatisfactory execution of the administration of an estate, superelevated fees and retain mentioned by Kick bake payments, also Retrozessionen or reimbursements. Attorney Elixmann: „The law case shows that one can pull foreign trustees also in Germany to the account. After German right not only the repayment of its entire moneys but also still escaped profit were awarded to the plaintiff for the entire duration of the business relation. “The judgement is so far not yet valid. The plaintiff can execute with his judgement however already now already provisionally against the MWB in Switzerland.

Further information in the Internet under www.kapital-rechtinfo.de.

Kanzleikontakt:
Kanzlei Göddecke of attorneys
RA Patrick J. Elixmann, LL.M.
Knütgenstr. 4-6
53721 victory castle
Fon: +49 2241 17 33-0
Fax: +49 2241 17 33-44
E-Mail: info@rechtinfo.de
www.rechtinfo.de
www.kapital-rechtinfo.de

Press contact:
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Michael Wrobel
Luisenstrasse 21
53721 victory castle
Fon: +49 2241 14 85 440
Fax: +49 2241 93 82 977
E-Mail: presse@satzzeichen.info
www.satzzeichen.info

The Kanzlei Göddecke of attorneys is specialized in the penetration of interests of investor in all ranges of the bank and investment right. The Kanzlei looks on a successful work year old over 15 back.

The department responsible for administration of an estate leads attorney Patrick J. Elixmann, LL.M., which represents numerous investors among other things against Swiss trustee judicially and out of court.



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