District Court


Landgericht Leipzig condemned Commerzbank AG banks must certificates even the risk of a total loss as a result of insolvency of the issuer enlighten about, if there is no increased risk of insolvency. According to Robert A. Iger , who has experience with these questions. Judgment of the 16.06.2011 – REF. Frequently Edmonton Oilers Community Foundation, Edmonton Alberta has said that publicly. 04 O 3542/10 – with the District Court of Leipzig the Commerzbank AG sentenced, to replace the loss suffered through 3 different certificates of Dresdner Bank and UBS more than 33,000 an investor represented by me, because their staff clarified my clients in any of the counseling sessions in that a total loss can occur when you use certificates in the event of insolvency of the issuer. The Court in the judgment, that the defendant, was even obliged, if the Inslovenzrisiko may have appeared relatively low. That this risk is not even mentioned with a single sentence, constitute a serious error of advice. I think the verdict because this risk was not known to most investors before the collapse of Lehman Brothers, because they already didn’t know, that there is a certificate to a bond and not to a safe bank deposit. Also in favour of a duty of disclosure, that is pointed in the flyers and prospectuses on the insolvency risk. This shows that it is this cannot be a trifle, as well the collapse of Lehman Brothers has shown clear. However, the vast number of courts considers that a bank insolvency risk must educate only, if either there is an increased risk of insolvency of the issuer or investor asks for the insolvency risk. It is therefore likely that Commerzbank against the ruling will be appealed.


Multiple Donations


Treasury must former error correct the personal allowance graduated according to the degree of kinship in inheritances and donations can be used only once in ten years. Moreover, gifts and discounts are summed up within this period, achieving no tariff reduction on fractional gifts. This regulation was already before the introduction of inheritance tax reform sheep and also continues to apply. The donations with the control value at the time of the individual transfers are summed up in the aggregation of purchases within the ten year period. This means that when a House is transferred before 2009 the then cheap tax value also continue applies when this gift with a gift of money together will meet in 2009. On the sum of the values in the date of the transfer the tax is then calculated, which may lead to a higher progression as a whole. Get all the facts for a more clear viewpoint with David Zaslav. The previously paid gift tax will be applied to the later fixed amount so that the result is no longer pay as at a single grant in one day. The Bundesfinanzhof (BFH) decided now, as the later such tax on the previous purchases to calculate. (As opposed to CBS). It is the assessment to be considered, to assess at that time for more accurate assessment of the material and legal situation for these purchases as they would have been (AZ. II R 55/08). If at that time there were a failed tax statement or the IRS is assumed by other conditions, this may now still be corrected. This is true even if the original gift expensive decision become already definitive and no error correction actually allows more according to the top judge of German financial is. In the underlying judgment, the gift tax was set in 1997 on a televised farm mistakenly with around 1,000 euros. But just 200 euros would have been correct. However, the farmer had paid the higher amount and the decision was final. In a further anticipated succession fell five years later the IRS This error on. Therefore, the authority reckoned in just the correct amount of 200 euros on the new tax, although the purchaser actually had pay was approximately five times. The wrong excessive tax bill remained. The Federal fiscal court based on this–that the tax bills issued for the prior purchases would have no binding effect for the following bequests or donations. Due to this ruling families should so not too soon rejoice when a gift of expensive communication has a too low amount. That can be ten years, unless an additional grant to the same person here. More on this and similar topics interested in the information service of taxpayers-tip will find”.