The participation certificate holders of the Euro Hypo AG will now stand for the second consecutive year for the expected losses of € Hypo AG. So the € Hypo AG Ad-hoc release from 22/02/2011 announced that due to the fiscal 2010 losses expected reimbursement claims of the certificates is expected to be reduced by a further 11.6% of the nominal value. is Because of the expected losses of € Hypo AG assumed that no interest payments made on the PPCs for fiscal year 2010. Already for the fiscal year 2009 paid the € Hypo AG no interest on the profit participation certificates and also introduced the right to repayment of the certificates down.
According to a lawyer and trust lawyer BSZ eV Breu CLLB lawyers of the firm is both the reduction in the repayment claim of the certificates and the non-payment of contractual interest due in breach of contract. Because these measures are based on a breach of contract interpretation of PPCs conditions, the negative consequences of the existing control agreement between the Euro Hypo AG and Commerzbank domestic banks holding GmbH can be ignored. The BSZ association investor protection law firm lawyers CLLB has therefore already a holder of beneficial interests of the Euro Hypo AG brought against the Euro Hypo AG and Commerzbank raised domestic Holding GmbH to pay the outstanding interest and cancellation of a reduction in the reimbursement claim. In addition, further actions of other certificate holders against the Euro Hypo AG pending. intended to-follow press releases, the Landgericht Frankfurt this have already been an investor in large parts of law.
The Association of Capital Market Law firm specializing in investor protection BSZ CLLB advises holders of participation certificates of the Euro Hypo AG on a capital market law to have specialized consulting firm and their interest claims for the years 2009 and 2010 and the reversal of the reduction in the reimbursement claim for the fiscal years 2009 and 2010 the courts to enforce.
concerned investors may participate in the BSZ ® registered association interest group "Euro Hypo AG" .
Photo: Lawyer and BSZ eV trust lawyer Nicola Breu
BSZ ® federation for social and civil rights consciousness eV
BSZ ® federation for social and civil rights consciousness eV
Lagerstr. 49
64807 Phone: 06071-9816810
Internet: http://www.fachanwalt-hotline.eu/
This text is the contribution from 25/02/2011 again. Possible future changes of the facts are not considered.
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