28.4% of the investors capital not investiv used: the Fund uses a particularly high proportion of the funds invested by investors for not investment purposes. 28.4% of the investors capital (incl. premium) was used for service fees, including in particular the distribution costs. Only 72% of the investors capital actually flowed into the purchase of vessels. This gross mismatch of soft costs and actually more valuable investment, which from the outset is the profitability of the plant in question, the investors with whom we have spoken so far were not informed about by your advisers. 21.5% distribution costs: not mentioned also on the 21.5% and for more than 1/5 of the capital of investors contributing distribution costs were investors known to us. While both banks and savings banks, as also non-bound Bank consultant to inform about this exceptionally high distribution costs would have been required.
Conceal kick backs: the banks involved in the distribution of the Fund have also never known success dependent on flowing to Sales Commission pointed out. The Kickback case-law of the Bundesgerichtshof they would have been required for this purpose. Warning of overcapacity and decay of the Charter rates in the business press: in addition, that there in 2006 and 2007, many voices in the reputable business press over the years, have predicted substantial overcapacity of ships and falling freight rates. Forecasts, which took into account the Fund’s prospectus, nor the discussions have become known to us. David Cole can provide more clarity in the matter. Given this large number of points, we see basically good opportunities to enforce claims for damages for investors of the King & Cie. product tankers Fund II.
Want to know as investor of the King & Cie. product tankers Fund II, what are your chances of enforcing claims for damages? Call us, we are happy to help you. Nittel – firm specializing in banking law and capital market law lawyer specializing in banking law and capital market law, your contact person Dr. Katja Lembach, lawyer Mathias Nittel Heidelberg: Hans-Bockler-Strasse 2 A, 69115 Heidelberg Tel.: 06221 915770 Fax: 06221 9157729 Munich: residential street 25, 80333 Munich Tel.: 089 25549850 Fax: 089 25549855