This is in stark contrast to the reality. There is not a functioning secondary market for shares in closed-end funds. A sale of such funds is not and if possible only under considerable financial smears. This fact must be stated according to the case-law of the Bundesgerichtshof expressly. No evidence of missing income security as a result of fluctuating Charter rates: For our clients the economic imbalance of the Fund stunned. The background is that the freight rates for all types of vessels as of mid-2008 due to the global economic crisis, but also due to the massive overcapacity in shipping tonnage slumped massively. Our clients in the consulting were not pointed out the risk resulting from cyclical fluctuating Charter rates for the ships of the Fund. These are just a few points, which in our experience wrong was discussed.
Many more points, you also would have advised must be, can we like to clarify with you in personal contact. For investors of the MPC Fund MS “Rio Stora”, we see basically good opportunities to enforce claims for compensation against their advisors or the founding shareholders of the Fund against this background. Limitation of damages is in danger at the end of the year 2012, many claims for damages by ship fund investors threaten to become time-barred. Background is that were numerous ship Fund suspended distributions in 2009 for the first time, renovation concepts developed and prompted investors to variation or renovation posts. As a result the investors announced that it by no means is a ship funds as safe and risk-free participation, which she was depicted as them in the consultation. This knowledge is any way the run of three-year limitation periods underway, which hamper the enforcement of claims for damages after 2012 or make it impossible. More information about the limitation of Claims for closed-end funds you can find here: Office /… Do you have questions to your Fund’s contribution to the “Rio Stora” MPC Fund MS? You want to know whether what your chances are to enforce claims for compensation? Call me, I will gladly help you. Nittel Firm specializing in banking law and capital market law your contact Alexander Meyer, lawyer Heidelberg: Hans-Bockler-Strasse 2 A, 69115 Heidelberg phone: 06221 915770 Fax: 06221 9157729 Munich: residential street 25, 80333 Munich Tel.: 089 25549850 Fax: 089 25549855 Hamburg: Dorpfeldstrasse 6, 22609 Hamburg Tel.: 040 53799042 Fax: 040 53799043 Berlin: Roth first breed 19, 10245 Berlin Tel: 030 95999280 Fax: 030 95999279