Press Review

Cov­er­age of SCHIRP & Part­ner in the media:

Handelsblatt,
The reorganization of UDI has failed: the district court sends “fixed-​rate” companies into bankruptcy, 02.09.2021 | zur Website 

“The Leipzig Dis­trict Court opened in­solv­ency pro­ceed­ings on Tues­day for five “fixed-​rate” com­pan­ies in the UDI Group. As the court an­nounced to the Han­dels­blatt, three sim­ilar de­cisions for other com­pan­ies should also be made in the course of Wed­nes­day. The court had opened the pro­ceed­ings for the Barleben-​Ebendorf bio­gas plant in Saxony-​Anhalt, which also be­longs to the group, at the end of July. This makes it of­fi­cial: The UDI group, which fin­anced bio­mass and solar sys­tems with the money from private in­vestors, is not be­ing re­struc­tured un­der its own management.”

Börsen-​Zeitung,
Ex-​constitutional judge Paul Kirchhof considers the negative interest rate to be unconstitutional. 05.07.2021 | Read the article (Paywall)

ECB policy reaches the elec­tion. The cri­ti­cism of the ultra-​loose ECB mon­et­ary policy in Ger­many is get­ting louder and louder. Ex-​constitutional judge Paul Kirch­hof con­siders the neg­at­ive in­terest rate to be un­con­sti­tu­tional. The CDU Eco­nomic Coun­cil speaks of ‘creep­ing expropriation’.

Expert Investor Europe,
Dark clouds on the horizon for UDI?, 01.07.2021 | zur Website 

“Nuremberg-​based in­vest­ment com­pany UDI has re­cently run afoul of BaFin, Germany’s fed­eral fin­an­cial reg­u­lator. Ac­cord­ing to BaFin, UDI was given cease-​and-​desist or­ders to im­me­di­ately stop and wind up seven funds that the watch­dog had de­cided were un­au­thor­ised de­posit busi­nesses. One of those de­cisions was reached on 18 Feb­ru­ary, fol­lowed by two more on 10 May, and a fur­ther four on 27 May.”

Handelsblatt,
The eco-​investment house UDI is slipping deeper and deeper into the crisis, 23.06.2021 | Read the article

The new boss presents him­self as a ren­ov­ator, but in­vestors dis­trust him. Re­cently he had little suc­cess – and trouble with the ju­di­ciary. In­vestor law­yers like Susanne Schmidt-​Morsbach from the law firm Schirp & Part­ner in Ber­lin are alarmed. ‘We are cur­rently very spec­tacled about the self-administration’.

Handelsblatt,
“Millions in damage for EY”: The Wirecard scandal is already costing the auditing company important orders. Now the legal risks are also growing due to lawsuits and investigations, 16.06.2021 | Read more

In­vestor law­yers sus­pect that EY Ger­many will try to shake off pos­sible li­ab­il­ity claims by re­struc­tur­ing the or­gan­iz­a­tion. In fact, EY is cur­rently ex­pand­ing the higher-​level West­ern Europe unit, pro­cesses are be­ing stand­ard­ized, ser­vices are be­ing bundled. In­vestor law­yer Wolfgang Schirp from Ber­lin sus­pects that EY is pur­su­ing a plan B: In the next few years, all im­port­ant EY cus­tom­ers could be trans­ferred to the European unity and the Ger­man sub­si­di­ary could be “emp­tied” from an eco­nomic point of view. Plaintiffs could be left empty-handed.

Sächsische Zeitung (SZ),
Dealer demands the opening of shops, 14.04.2021 | Read more

As early as mid-​March, fash­ion re­tailer Ronny Rühle sub­mit­ted the ur­gent ap­plic­a­tion to the Higher Ad­min­is­trat­ive Court in Bautzen,” writes the Säch­s­is­che Zei­tung. “That has now been de­cided in fa­vor of rapid tests for em­ploy­ees.” The de­cision took 4 weeks to com­plete. Rühle wanted to sus­pend the ob­lig­a­tion to test for a pos­sible corona in­fec­tion of his em­ploy­ees. He ar­gued, among other things, with pos­sible “in­ter­fer­ence with the phys­ical in­teg­rity of many people” and the costs that would have to be borne by the com­pan­ies, “which have been bear­ing the brunt of the clos­ings ordered ac­cord­ing to the Corona Pro­tec­tion Or­din­ance for months”. The court dis­agreed here and jus­ti­fied this in over 60 in­di­vidual points.

Russkaja Germanija,
Вынужденное закрытие: как получить компенсацию?, 26.02.2021 | Read more

«РГ/РБ» поговорила с адвокатами, как и в каких случаях в Германии можно истребовать материальную компенсацию из-​за введённого карантина.

Handelsblatt,
“It’s about bare survival”: Traders start a wave of lawsuits against the lockdown, 18.02.2021 | Read more

Not only fash­ion re­tailer Bre­uninger wants to force the open­ing of its de­part­ment stores in court. More and more com­pan­ies are res­ist­ing the state measures.

Handelsblatt,
Commerzbank is preparing a lawsuit against auditors EY, 17.02.2021 | Read more

The money house was one of Wirecard’s lenders and had to write off 187 mil­lion euros be­cause of the bank­ruptcy. The bank wants to get at least part of it back.

Handelsblatt,
ThomasLloyd stops payments – investors are alarmed, 31.01.2021 | Read more

Around 25,000 ThomasLloyd in­vestors have in­ves­ted in funds for re­new­able en­er­gies in Asia. Now the dis­tri­bu­tions are stalling. The pay­ment freeze is driv­ing in­vestors to the barricades.

Handelsblatt,
This is how EY defends itself in the Wirecard scandal, 14.01.2021 | Read more

The busi­ness news­pa­per Han­dels­blatt has re­ceived an ini­tial re­sponse to an in­vestor com­plaint against the long-​term aud­itor. The cred­itor banks should also be in­ter­ested in this.

ZDF Mediathek,
Wirecard – Game Over: Greed, megalomania and dark secrets.

Dr. Schirp from Schirp & amp; Part­ner in Ber­lin talks in the ZDF doc­u­ment­a­tion Wir­e­card – Game Over” (Janu­ary 14, 2021, 8.15pm) about the cur­rent Wir­e­card scandal.

Perspektive Daily,
Who bears the costs of fighting the pandemic?, 20. Oktober 2020 | Read more

Op­er­at­ors of clubs, pubs, ho­tels and cinemas are fa­cing fin­an­cial ruin. More than 900 of them are now go­ing to court to fight for com­pens­a­tion on be­half of tens of thou­sands. With success?

Börsen-​Zeitung,
Union Investment plans to take action against auditor EY The Wirecard accounting scandal draws wider circles, 01. Oktober 2020, Nr. 189, Seite 3

Cru / sck Frank­furt / Mu­nich – New find­ings from the ex­am­in­a­tion of Wirecard’s books by EY (Ernst & Young) could cre­ate a tail­wind for law­suits against the former aud­itor of the pay­ment ser­vice pro­vider in­volved in an ac­count­ing scan­dal. Union In­vest­ment is con­sid­er­ing legal steps against EY. “In view of our fi­du­ciary du­ties to­wards our in­vestors in the Wir­e­card case, we are also ex­amin­ing claims against EY,” said Janne Wern­ing, Head of ESG Cap­ital Mar­kets & Stew­ard­ship in Port­fo­lio Man­age­ment at Union In­vest­ment, of the Börsen-​Zeitung Small share­hold­ers’ as­so­ci­ation DSW to sue EY for dam­ages (see BZ of July 17). The Ber­lin law­yers Wolfgang Schirp and Marc Lieb­scher see their al­leg­a­tions con­firmed. “We have been fil­ing claims for dam­ages dir­ectly against EY for nu­mer­ous in­vestors since June 2020, namely at the re­gional court in Stut­tgart. Our law­suits are based on the fact that, ac­cord­ing to our ana­lysis, EY has audited al­leged trust funds and has not un­covered fur­ther bal­ance sheet ma­nip­u­la­tions at Wir­e­card, “they said.

Handelsblatt,
Investor scandal over old buildings, 31. August 2020 | read more

A group of com­pan­ies from Han­over may have harmed in­vestors from nu­mer­ous coun­tries. Build­ings that are sup­posed to be of high value are said to have been left to de­cay. The houses are in Leipzig, Ber­lin, Augs­burg, Hanau and else­where in Ger­many Monu­ment protection.

fvw,
Constitutional Court should decide: Plaintiffs want higher corona compensation, 28. August 2020 | read more

We do not fail to re­cog­nize that the fed­eral gov­ern­ment is mak­ing great ef­forts to min­im­ize so­cial hard­ship,” says the Pots­dam state li­ab­il­ity ex­pert Siegfried de Witt. But a legal reg­u­la­tion is needed. “The mem­bers of our ini­ti­at­ive are com­pletely to blame for the situ­ation,” adds the Ber­lin law­yer Wolfgang Schirp. They should have closed alone to avoid crowds and thus re­lieve the health system.

Neue Presse,
Dealers and landlords want to sue: Initiative wants to demand compensation in Karlsruhe, 27. August 2020

“We do not fail to re­cog­nize that the fed­eral gov­ern­ment is mak­ing great ef­forts to min­im­ize so­cial hard­ship,” says the Pots­dam state li­ab­il­ity ex­pert Siegfried de Witt. But a legal reg­u­la­tion is needed. “The mem­bers of our ini­ti­at­ive are com­pletely to blame for the situ­ation,” adds the Ber­lin law­yer Wolfgang Schirp. They should have closed alone to avoid crowds and thus re­lieve the health system.

ntv,
Losses due to closings: Initiative wants to fight for corona compensation, 26. August 2020 | watch the video

Many res­taur­ants, cinemas and shops have to close dur­ing the corona lock­down. The government’s emer­gency aid only par­tially ab­sorbs the massive losses. An ini­ti­at­ive wants to en­force com­pens­a­tion be­fore the Fed­eral Con­sti­tu­tional Court.” In­side: In­ter­view with Dr. Wolfgang Schirp, Schirp & amp; Part­ner Recht­san­wälte mbB.

SchuhMarkt.,
Constitutional lawsuit over corona closings, 26. August 2020 | read more

“We have ap­plied to the fed­eral states to re­cog­nize the prin­ciple of an ob­lig­a­tion to provide ad­equate com­pens­a­tion,” ex­plains law­yer Dr. Wolfgang Schirp as a rep­res­ent­at­ive of an ini­ti­at­ive of more than 850 traders. “The ap­plic­a­tions were un­an­im­ously re­jec­ted by all fed­eral states be­cause neither the In­fec­tion Pro­tec­tion Act (IfSG) nor the po­lice and reg­u­lat­ory law or state li­ab­il­ity law grants a claim to com­pens­a­tion.” […] The Ber­lin law firm Schirp & amp; Part­ner co­ordin­ates the process.

Berliner Morgenpost,
Corona crisis: State of Berlin pays 650,000 euros due to loss of earnings, 26. August 2020 | read more (paid content)

The State of Ber­lin pays com­pens­a­tion for of­fi­cially im­posed activ­ity bans. Be­cause of the lock­down, there are now first com­plaints. […] The amount of com­pens­a­tion paid by the State of Ber­lin for loss of earn­ings in the Corona crisis con­tin­ues to rise. […] In mid-​August, the Ber­lin law firm Schirp & amp; Part­ner an­nounces that they want to fight for com­pens­a­tion claims for com­pany closures.

Handelsblatt,
Initiative wants to fight for compensation for corona closings, 26. August 2020 | read more

“We do not fail to re­cog­nize that the fed­eral gov­ern­ment is mak­ing great ef­forts to min­im­ize so­cial hard­ship,” says the Pots­dam state li­ab­il­ity ex­pert Siegfried de Witt. But a legal reg­u­la­tion is needed. “The mem­bers of our ini­ti­at­ive are com­pletely to blame for the situ­ation,” adds the Ber­lin law­yer Wolfgang Schirp. They should have closed alone to avoid crowds and thus re­lieve the health sys­tem. […] In legal terms, the law­yers ar­gue primar­ily with the pro­tec­tion of prop­erty in the Ba­sic Law. The massive en­croach­ments on fun­da­mental rights may have been jus­ti­fied. How­ever, they are only con­sti­tu­tional if the le­gis­lature provides for fin­an­cial com­pens­a­tion for those af­fected at the same time. The law­yers have also asked Health Min­is­ter Jens Spahn (CDU) by let­ter. This com­pens­a­tion could not com­pensate any­one for the full dam­age, but from the point of view of the law­yers would at least have to cover the op­er­at­ing costs of those af­fected. It is not over­looked that this “will en­tail con­sid­er­able bur­dens on the fed­eral budget”, ac­cord­ing to an ana­lysis sent to the min­is­ter. But: “This is the price of the strategy chosen to com­bat the pandemic.”

Thüringer Allgemeine,
The failure of the accountants, 25. August 2020 | read more

“It makes no sense to sue someone who is already broken and from whom noth­ing can be ob­tained,” says the Ber­lin law­yer Wolfgang Schirp. In­stead, in co­oper­a­tion with his col­league Marc Lieb­scher, Schirp is sub­mit­ting class ac­tion law­suits by ag­grieved in­vestors against the EY aud­it­ors. 4,000 plaintiffs have already re­por­ted and the first dozen com­plaints have already been filed with the Stut­tgart Re­gional Court. The law­suits are dir­ec­ted against the Ger­man branch of EY, Ernst Young GmbH Wirtschaft­s­prü­fungs­gesell­schaft based in Stut­tgart. Schirp hopes to be able to as­sert claims amount­ing to over 500 mil­lion euros. He re­lies on the global size of EY. The li­ab­il­ity claim is lim­ited to the Ger­man EY sub­si­di­ary and not to the en­tire group. “I think that EY is let­ting its im­port­ant Ger­man sub­si­di­ary go bank­rupt is un­think­able,” says Schirp. Such a scen­ario, said the law­yer, would her­ald the end of the en­tire EY net­work. […] Can one speak of in­tent in such cir­cum­stances? Law­yer Schirp thinks that. It is aimed at the pre­vi­ous busi­ness re­ports, in which “the aud­it­ors have not even re­ques­ted a bal­ance con­firm­a­tion from the bank,” as Schirp says.

Berliner Morgenpost,
Wirecard: How small investors are now fighting for compensation, 24. August 2020 | read more (paid content)

The Wir­e­card scan­dal has lost a lot of money for dozens of small in­vestors. You want to fight back. Aud­it­ors are tar­geted. […] The law­suits are dir­ec­ted against the Ger­man branch of EY, Ernst Young GmbH Wirtschaft­s­prü­funges­gesell­schaft based in Stut­tgart. Schirp hopes to be able to as­sert claims amount­ing to over 500 mil­lion euros. He re­lies on the global size of EY.

Hamburger Abendblatt,
Wirecard: How small investors are now fighting for compensation, 24. August 2020 | read more (paid content)

The Wir­e­card scan­dal has lost a lot of money for dozens of small in­vestors. You want to fight back. Aud­it­ors are tar­geted. […] Schirp hopes to be able to as­sert claims amount­ing to over 500 mil­lion euros. He re­lies on the global size of EY.

Blickpunkt: Film,
Trade initiative fights for compensation for lockdown, 14. August 2020 | read more

“We have ap­plied to the fed­eral states to re­cog­nize an ob­lig­a­tion to provide ad­equate com­pens­a­tion in prin­ciple,” ex­plains law­yer Wolfgang Schirp as a rep­res­ent­at­ive of the ini­ti­at­ive. “The ap­plic­a­tions were un­an­im­ously re­jec­ted by all fed­eral states be­cause neither the In­fec­tion Pro­tec­tion Act nor the po­lice and reg­u­lat­ory law or state li­ab­il­ity law grants a claim to com­pens­a­tion.” Be­cause this is ac­tu­ally a stick­ing point of the IfSG: Ac­cord­ing to this law, only busi­ness own­ers who have to close their com­pany due to their own in­fec­tion are com­pensated. Schirp: “The mem­bers of our ini­ti­at­ive were not and are not in­fec­ted them­selves. They did not spread the corona virus. They are com­pletely to blame for the situ­ation. The clos­ure of their busi­ness premises was jus­ti­fied by re­du­cing the at­tract­ive­ness of the in­ner cit­ies and avoid­ing crowds and sup­port the health sys­tem. ” Emer­gency aid – in­so­far as it was paid – could in part mit­ig­ate massive eco­nomic con­sequences, but by no means avert it; in ad­di­tion, many of the re­stric­tions still ap­ply. Re­stric­tions that con­tinue to stand in the way of eco­nomic op­er­a­tion in the cinema sec­tor, for ex­ample. In the opin­ion of those in­volved in the ini­ti­at­ive and their legal ad­visers, cur­rent prac­tice is not in ac­cord­ance with the Ba­sic Law. At­tor­ney Siegfried de Witt, ex­pert on state li­ab­il­ity law: “The com­pany clos­ings rep­res­ent a dir­ect en­croach­ment on the owner’s prop­erty pro­tec­ted by Art. 14 GG. In ad­di­tion, they en­croach on the ba­sic right of free­dom of oc­cu­pa­tion, de­pend­ing on the case up to com­plete oc­cu­pa­tional bans In­ter­fer­ences with fun­da­mental rights may in them­selves be jus­ti­fied be­cause the au­thor­it­ies be­lieve they were ne­ces­sary to pro­tect the health of the pop­u­la­tion and the health sys­tem. How­ever, they are only con­sti­tu­tional if those af­fected are gran­ted fin­an­cial com­pens­a­tion The amount to be de­cided by the le­gis­lature. Only this cor­res­ponds to the long­stand­ing es­tab­lished case law of the Fed­eral Con­sti­tu­tional Court.

Berliner Morgenpost,
Corona crisis: Zoo Palast operator wants compensation, 14. August 2020 | read more (paid content)

Flebbe has now left the Ber­lin law firm Schirp & amp; Part­ner con­nec­ted to an ini­ti­at­ive that wants to fight for com­pens­a­tion claims for com­pany clos­ures. […] “We do not do policy-​bashing and do not ques­tion the leg­al­ity of gov­ern­ment in­ter­ven­tions. We are con­cerned with com­pens­a­tion for non-​disruptors,” said law­yer Dr. Wolfgang Schirp.

Handelsblatt,
800 traders are pushing for financial compensation, 14. August 2020 | read more

For many res­taur­at­eurs, disco op­er­at­ors and hoteliers, the tem­por­ary eco­nomic stand­still is life-​threatening. The state aid pro­grams do noth­ing to change that. The Ber­lin ad­min­is­trat­ive law­yer Siegfried de Witt speaks of the most ser­i­ous en­croach­ments on fun­da­mental rights since the ex­ist­ence of the Fed­eral Re­pub­lic. That is why he and his law­yer col­league Wolfgang Schirp rep­res­ent an ini­ti­at­ive of 800 trades­people who have now lodged con­sti­tu­tional com­plaints. This also in­cludes cinema op­er­ator Flebbe. Al­though the state has ini­ti­ated aid pro­grams, the eco­nomic situ­ation re­mains threat­en­ing for many com­pan­ies. As a rep­res­ent­at­ive of the ini­ti­at­ive of more than 800 traders, Schirp ap­plied to the 16 fed­eral states to re­cog­nize reas­on­able com­pens­a­tion on the mer­its. “The ap­plic­a­tions were un­an­im­ously re­jec­ted by all fed­eral states be­cause neither the In­fec­tion Pro­tec­tion Act nor the po­lice and reg­u­lat­ory law or state li­ab­il­ity law grants a claim to com­pens­a­tion,” he said at a press con­fer­ence in Ber­lin. There is also no sup­port from the courts. This is in­dic­ated by the first judg­ments of the Heil­bronn and Han­over re­gional courts. But Schirp is un­deterred. “’Let­ter justice’ is prac­ticed in the civil courts. The claims are re­jec­ted be­cause the law says noth­ing about it. ”But the ques­tion is not asked, adds Schirps com­rade de Witt, whether a lack of com­pens­a­tion for com­pany clos­ings and pro­fes­sional bans is con­sti­tu­tional. That lies bey­ond the ho­ri­zon of civil law. At the same time as the con­sti­tu­tional com­plaint, the ini­ti­at­ors asked Fed­eral Health Min­is­ter Jens Spahn and nu­mer­ous health politi­cians to change the In­fec­tion Pro­tec­tion Act. Com­pens­a­tion is to be ex­pressly anchored there if busi­ness clos­ings and pro­fes­sional bans are imposed.

WELT​.DE,
“Sue abroad” – This is the new opportunity for Wirecard victims, 6. August 2020 | read more (paid content)

In the Wir­e­card fraud scan­dal, pres­sure on EY’s aud­it­ors is grow­ing. On the one hand, the au­thor­it­ies’ in­vest­ig­a­tions are now get­ting closer and closer to pos­sible er­rors by the aud­it­ors, on the other hand, in­vestor law­yers are look­ing for start­ing points to claim as much com­pens­a­tion as pos­sible from EY. They could have found one. It is def­in­itely in­ter­est­ing for ag­grieved shareholders.

Das Erste,
Mittagsmagazin: Focus on the Wirecard scandal, 29. Juli 2020 | watch the video (available until 29.7.2021)

Un­pre­ced­en­ted suc­cess story, un­pre­ced­en­ted crash and in the end an un­pre­ced­en­ted bal­ance sheet fraud? Who is re­spons­ible for the Wir­e­card scandal?

Al Jazeera,
Germany investigates Wirecard’s fraud case, 29. Juli 2020 | watch the video

Pro­sec­utors are in­vest­ig­at­ing one of the largest ac­count­ing fraud cases in the country’s re­cent his­tory after the on­line pay­ment ser­vices com­pany crumbled into in­solv­ency last month, ad­mit­ting that $2.2bn was missing.

WELT​.DE,
Wirecard shareholders’ chance to receive compensation, 17. Juli 2020 | read more (paid content)

Both, Private as well as in­sti­tu­tional in­vestors par­ted with their Wir­e­card shares far too late – and so lost a lot of money. This makes small in­vestors es­pe­cially angry. They want to fight back. And the start­ing con­di­tions in the Wir­e­card case are fa­vor­able for private investors.

Finance,
Class actions against Wirecard and EY, 13. Juli 2020 | read more

The plaintiffs ac­cuse the aud­itor of hav­ing failed to audit Wir­e­card in ac­cord­ance with the ap­plic­able audit­ing prin­ciples. […] The law firm Schirp & amp; Part­ner has filed a law­suit against EY, while the Pro­tec­tion As­so­ci­ation of In­vestors SdK has filed crim­inal charges against two in­cum­bent and one former EY auditor.

Der Aktionär,
Wirecard lawsuits guide: You really have these chances, 10. Juli 2020 | read more (free of charge after registration)

The double in­ter­view: […] DER AK­TIONÄR: “Dr. Schirp, Mr. Tün­gler, there are law­suits from vari­ous law firms against Wir­e­card it­self, com­pany ex­ec­ut­ives and the aud­itor EY. Even BaFin has come un­der heavy cri­ti­cism. How do you gen­er­ally rate the chances of suc­cess for ag­grieved in­vestors who want com­pens­a­tion – es­pe­cially after Wirecard’s fil­ing for bank­ruptcy?” Dr. Wolfgang Schirp: “I am sure that law­suits against Wir­e­card AG no longer prom­ise any eco­nomic be­ne­fit due to the in­solv­ency that has occurred.”

Focus,
Wirecard crash: How a pensioner lost almost 450,000 euros to the fraud, 9. July 2020 | read more

Sun­dern wants to sue for dam­ages. He has joined the col­lect­ive pro­ceed­ings of the law­yers Wolfgang Schirp and Marc Lieb­scher. Since there is not much to be gained from Wir­e­card, the law­yers are su­ing the aud­it­ors from Ernst & amp; Young, one of the big four in the in­dustry. “If you look at what EY has done wrong with its at­test­a­tions, your mouth is open,” says Schirp. For ex­ample, in the an­nual fin­an­cial state­ments between 2016 and 2018, trust bal­ances in Dubai, Singa­pore and the Phil­ip­pines amount­ing to more than one bil­lion euros were cer­ti­fied, “al­though there were no con­firm­a­tions from the account-​keeping banks”. Schirp speaks of the “ba­sics of the audit­ing busi­ness”. From the law­yers’ point of view, Ernst & amp; Young a huge wave of law­suits, “which could grow to the largest in Ger­man his­tory”. Ac­cord­ing to their own in­form­a­tion, both firms now rep­res­ent 7,000 to 10,000 cli­ents in the case. “At the end of the day, EY will have a loss volume of 1.5 bil­lion euros,” ex­plains Schirp, who holds a doc­tor­ate in law.

Handelsblatt,
Wirecard scandal shakes EY – auditor fears wave of lawsuits and serious damage to its image, 9. JulY 2020 | read more (paid content)

Since there is not much left to gain from the in­solv­ent Wir­e­card, law firms such as […] Schirp & amp; Part­ner EY. There they smell a well-​filled cash re­gister – and with good reason: EY’s busi­ness in Ger­many has been flour­ish­ing for years. Just in time for the an­niversary, the Ger­man EY cracked the sales mark of two bil­lion euros in the 2018/19 fin­an­cial year. The com­pany sees it­self as the mar­ket leader in tax and legal ad­vice, which ac­counts for a little more than a third of sales.

Handelsblatt,
Claims for damages: what Wirecard investors can do now, 9. July 2020 | read more (paid content)

The Ber­lin in­vestor law­yer Wolfgang Schirp also wants to hold EY ac­count­able. His law firm Schirp & amp; At the be­gin­ning of June, Part­ner filed a law­suit against EY and, ac­cord­ing to its own state­ments, is also re­gis­ter­ing “keen in­terest from shareholders”.

Kölner Stadt Anzeiger,
Wirecard crime thriller: possibly the biggest wave of lawsuits in German history, 8. July 2020 | read more (paid content)

Fol­low­ing the bank­ruptcy of Wir­e­card, the aud­it­ors from Ernst & amp; Young (EY) are now in fo­cus. Can they be held li­able for the ac­count­ing scan­dal and thus for the losses suffered by in­vestors? Many in­vestors hope so, es­pe­cially since there is prob­ably noth­ing to be gained from Wir­e­card even after the bank­ruptcy. A wave of pro­cesses is rolling to­wards EY. Law firms such as Schirp & amp; Part­ners and in­vestor ad­voc­ates such as the pro­tec­tion as­so­ci­ation of Klaein share­hold­ers have already filed lawsuits.

Epoch Times,
Wirecard: Lawyers for aggrieved investors now want to sue Ernst & amp; Young and the state, 7. July 2020 | read more

The aud­it­ors from Ernst & amp; Young (EY) could soon be con­fron­ted with a class ac­tion law­suit due to the Wir­e­card bank­ruptcy. As the “Fo­cus” re­ports, the law­yers Wolfgang Schirp and Marc Lieb­scher want to bring a class ac­tion law­suit from 7,000 to 10,000 cli­ents who have suffered dam­age total­ing 1.5 bil­lion euros as a res­ult of Wirecard’s busi­ness con­duct. […] At­tor­ney Schirp as­sumes that EY would have re­cog­nized the im­pon­der­ables at an earlier point in time and could have pre­ven­ted greater dam­age by re­fus­ing the at­test­a­tion. For ex­ample, in the an­nual fin­an­cial state­ments between 2016 and 2018, trust bal­ances in Dubai, Singa­pore and the Phil­ip­pines amount­ing to more than one bil­lion euros were cer­ti­fied without hav­ing to ob­tain con­firm­a­tions from the account-​holding banks. This dis­reg­arded the “ba­sics of the audit­ing busi­ness”. The 2018 con­sol­id­ated fin­an­cial state­ments were ap­proved des­pite a sig­ni­fic­antly ex­ag­ger­ated present­a­tion of the cash bal­ance. […] In the most ex­treme case, one wants to hold the state ac­count­able, ex­plains Schirp. Fed­eral Fin­ance Min­is­ter Olaf Scholz and Bafin boss Fe­lix Hufeld have already ad­mit­ted a fail­ure of state supervision.

Financial Times – Alphaville,
EY Germany will survive, but legal troubles loom, 7. July 2020 | read more

Al­most a month ago, Bloomberg re­por­ted that Berlin-​based law­yer Wolfgang Schirp had filed suit on be­half of Wir­e­card in­vestors against EY Ger­many after Wirecard’s headquar­ters were raided as part of a mar­ket ma­nip­u­la­tion probe. After the search on June 7, Schirp told Ger­man pa­per Han­dels­blatt that he also had ques­tions about de­tails con­tained in the KPMG spe­cial audit and in par­tic­u­lar, EY’s in­ab­il­ity to con­firm €1bn in trust as­sets in the 2018 accounts.”

Compliance Week,
Wirecard scandal will have cascading impact on Germany’s audit, regulatory landscape, 7. July 2020 | read more

Wirecard’s long-​time aud­itor, EY, faces mount­ing legal ac­tion as well. One class-​action law­suit, filed by the law firm of Wolfgang Schirp, took is­sue with EY audit­ing Wirecard’s al­leged equity cap­ital of €1.9 bil­lion (U.S. $2.1 bil­lion) “without ob­jec­tion, al­though no suf­fi­cient evid­ence was avail­able. This pro­ced­ure is very pe­cu­liar and, ac­cord­ing to our ana­lysis, does not cor­res­pond to the du­ti­ful pro­ced­ure of an aud­itor,” Wolfgang Schirp stated.

WirtschaftsWoche,
Investor scandals before Wirecard: lies and lies and lies, 5. July 2020 | read more

BaFin has come un­der dir­ect fire in con­nec­tion with the bank­ruptcy of P&R. The Ber­lin law firm Schirp & Part­ner is of the opin­ion that BaFin vi­ol­ated its of­fi­cial duty in con­nec­tion with the in­solv­ency of P&R and should com­pensate in­vestors. The claim for dam­ages has been run­ning since the end of last year. The ap­prox­im­ately 3.5 bil­lion euro bank­ruptcy of P&R is about the fact that BaFin hasn’t re­ques­ted any fur­ther in­form­a­tion bey­ond the purely formal ex­am­in­a­tion, such as the age of the con­tain­ers that the com­pany passed on to investors.

mondaq,
Australia: Wirecard collapse raises questions of auditor and regulator negligence, 4. July 2020 | read more

Ger­man law firm, Schirp & Part­ner, has said it will file class ac­tions against EY on be­half of both share­hold­ers and bond­hold­ers. Their ques­tions be­ing how EY was able to is­sue the last audit cer­ti­fic­ates for Wir­e­card without lim­it­a­tions and how the de­fi­cien­cies iden­ti­fied by KPMG re­mained hid­den from EY in the years prior. Schirp & Partner’s po­s­i­tion is that the audit cer­ti­fic­ates could prob­ably not have been is­sued without a breach of EY’s audit­ing ob­lig­a­tions and that EY has cer­ti­fied bank bal­ances of up to $EUR1.9 bil­lion without suf­fi­cient audit evid­ence, as the banks con­cerned deny the ex­ist­ence of the accounts.

Ez​anime​.net,
Wirecard se derrumba debido a $ 5.8 mil millones, 2. July 2020 | read more

El bufete de abogados alemán Schirp & Part­ner dijo que con Wir­e­card ahora efectiva­mente mar­ginado, present­aría ac­ciones colectivas con­tra EY en nombre de los ac­cionis­tas y tene­dores de bonos. “Es ater­rador el tiempo que Wir­e­card AG pudo op­erar sin que los aud­itores lo ob­jetaran”, dijo el so­cio Wolfgang Schirp.

SPIEGEL,
Bafin boss on Wirecard bankruptcy: Into the disaster according to regulations, 1. July 2020 | read more

Vari­ous in­sti­tu­tional in­vestors now want to sue the Bafin for this reason: “We have been com­mis­sioned by sev­eral in­ter­na­tional in­vestors to ex­am­ine a state li­ab­il­ity suit,” says the Ber­lin law­yer Marc Lieb­scher, who, to­gether with his col­league Wolfgang Schirp, has already been brought against the aud­itor E&Y is go­ing on in the mat­ter. “We see a com­plete sys­tem fail­ure here: At the DPR, at the Bafin, and in the Fed­eral Min­istry of Fin­ance, which has not set up a struc­ture that can ef­fect­ively check.” How much the in­ter­na­tional repu­ta­tion of Ger­many as a fin­an­cial cen­ter suffered as a res­ult of the scan­dal is “ap­par­ently not yet clear to those re­spons­ible,” says Liebscher.

finews​.ch,
Wirecard: EY is caught in the crosshairs of investors, 1. July 2020 | read more

The Ber­lin law firm Schirp has also filed a law­suit against EY in the mean­time – the law­yers see a joint re­spons­ib­il­ity of EY in the Wir­e­card debacle.

The Times,
WIRECARD Collapse: Investors sue Germany over Wirecard regulatory failures, 30. June 2020 | read more (paid content)

Thou­sands of Wir­e­card in­vestors are pre­par­ing to sue the Ger­man state for bil­lions of euros over its al­leged fail­ure to pre-​empt the worst ac­count­ing scan­dal in the his­tory of its premier share in­dex, the Dax. Two sep­ar­ate class ac­tions will ac­cuse the fin­an­cial watch­dogs of neg­li­gence after it emerged that they had as­signed only one full-​time worker to in­vest­ig­ate claims of a com­plex €1.9 bil­lion fraud at Wir­e­card last year.

LAW​.com,
Wirecard Collapse Drags Big Four’s EY Into the Crosshairs as German Investor Suit Expands, 30. June 2020 | read more (paid content)

Ber­lin firm Schirp & Part­ner also said it has filed a suit against EY, as has the Ger­man investor’s pro­tec­tion as­so­ci­ation SdK. EY Ger­many could not im­me­di­ately be reached for com­ment. The law­suits come amid a raft of ques­tions about EY’s role in the company’s bankruptcy.

Versicherungswirtschaft Heute,
Lawsuits against EY and Bafin in the Wirecard scandal, 30. June 2020 | read more

The Berlin-​based law­yers Marc Lieb­scher and Wolfgang Schirp are pre­par­ing a class ac­tion law­suit against the Fed­eral Re­pub­lic of Ger­many for state li­ab­il­ity. The reason is the “blatant fail­ure of the Ger­man su­per­vis­ory au­thor­it­ies” in the Wir­e­card case. The law­yers want to ob­tain com­pens­a­tion for their cli­ents, it will cost mil­lions, the Wir­e­card has now filed for bankruptcy.

Versicherungsbote,
Wirecard scandal: BaFin and auditors must fear lawsuits, 30. June 2020 | read more

The Ber­lin law­yers Wolfgang Schirp and Marc Lieb­scher are also pre­par­ing a class ac­tion suit against the Bafin and the DPR on be­half of Wir­e­card in­vestors: be­cause of state li­ab­il­ity. It is to be checked whether Ger­many has vi­ol­ated EU law be­cause of the in­ad­equate su­per­vi­sion, Lieb­scher told fin​ance​-magazin​.de. The law­yer sees “scan­dal­ous con­flicts of in­terest” in the aud­it­ors of the DPR, be­cause ex­ec­ut­ive board Ernst is also on the su­per­vis­ory board of sev­eral large cor­por­a­tions like TUI, Vonovia or Metro.

Australian Computer Society – Information Age,
German fintech misplaces $3b, goes bust – Wirecard CEO arrested amid accounting scandal, 30. June 2020 | read more

Shortly after Wir­e­card an­nounced its in­solv­ency, Ger­man law firm Schirp and Part­ner began a class ac­tion law­suit on be­half of in­vestors and share­hold­ers. Since it won’t be able to tar­get the in­solv­ent Wir­e­card, the law­yers are in­stead look­ing to go after its an­nual aud­itor, EY. Law­yer Wolfgang Schirp said the col­lapse of Wir­e­card was “fore­see­able”. “It is fright­en­ing how long Wir­e­card AG was able to op­er­ate without be­ing ob­jec­ted to by the aud­it­ors,” he said. “We have been mon­it­or­ing Wir­e­card AG since 2008 and have col­lec­ted very ex­tens­ive ma­ter­ial. It was al­ways clear that some­thing was wrong.” 

Jornal Contabil,
“Um escândalo sem precedentes no mundo financeiro” coloca a Ernst & Young nas cordas, 30. June 2020 | read more

No in­í­cio de junho, o es­critório de ad­voca­cia de Ber­lim Schirp & Partne en­trou com uma ação con­tra a EY . Ele a acusa de vi­olar “as obrigações de con­trole de um aud­itor”. As ações da Wir­e­card caíram 98% nos úl­ti­mos dez dias. O gabin­ete da Schirp in­sta os acionis­tas a en­trar com uma ação coletiva con­tra a EY.

bo​erse​.ARD​.de,
Wirecard scandal: the failure of the supervisors and auditors, 29. Juni 2020 | read more

The law firm Schirp & amp; Part­ner filed a law­suit against EY at the be­gin­ning of June and, ac­cord­ing to its own state­ments, is cur­rently re­gis­ter­ing “keen in­terest from share­hold­ers” who want to join the lawsuit.

Finance,
Brutal strikes for the accounting police, 29. June 2020 | read more

Things get even worse for the two au­thor­it­ies: The Ber­lin law­yers Wolfgang Schirp and Marc Lieb­scher are pre­par­ing a class ac­tion law­suit against the Bafin and the DPR for state li­ab­il­ity on be­half of Wir­e­card in­vestors. Both in­sti­tu­tions would have made “blatant” mis­takes. “For this we will sue the Fed­eral Re­pub­lic for dam­ages for our cli­ents”, an­nounced Lieb­scher. In his opin­ion, it should also be checked “whether Ger­many has vi­ol­ated EU law be­cause of in­ad­equate su­per­vi­sion”. Lieb­scher be­lieves he sees “scan­dal­ous con­flicts of in­terest” within the DPR. The FREP Pres­id­ent Ernst, who has been in of­fice since 2011, sits on the su­per­vis­ory boards of the ma­jor cor­por­a­tions Metro, Tui and Vonovia at the same time. He is also crit­ical of the fact that the Bafin, with the DPR, “in­teg­rated an as­so­ci­ation un­der private law into sov­er­eign tasks of su­per­vi­sion”. In the fin­an­cial sec­tor he de­mands “ef­fect­ive con­trol struc­tures ac­cord­ing to in­ter­na­tional stand­ards” from politics.

Capital,
EY is increasingly targeted in the Wirecard scandal, 29. June 2020 | read more

In­vestor pro­tec­tion as­so­ci­ations and sev­eral large law firms an­nounced in the past few days that they would also want to ex­am­ine claims for dam­ages against EY. The ac­cus­a­tion: EY did not check Wirecard’s fig­ures and bal­ance sheets with suf­fi­cient ac­cur­acy and did not in­vest­ig­ate pub­lic doubts. The Ber­lin law firm Schirp & amp; Part­ner claims to have already filed a first law­suit against EY. The aud­it­ors had audited credit bal­ances in trust ac­counts of up to 1.9 bil­lion euros without any com­plaints, al­though there was in­suf­fi­cient evid­ence for this, the law firm ex­plained as jus­ti­fic­a­tion: “Ac­cord­ing to our ana­lysis, this does not cor­res­pond to the du­ti­ful ap­proach of an aud­itor.” With the law­suit In­vestors are to be com­pensated for pos­sible losses from trans­ac­tions with shares and bonds from Wir­e­card and cor­res­pond­ing de­riv­at­ives. A law­suit against the aud­itor also has a greater chance of suc­cess than against the ail­ing pay­ment ser­vice pro­vider him­self, ar­gued the law­yers at the be­gin­ning of last week. After the Dax group filed for bank­ruptcy on Thursday, they see their as­sess­ment con­firmed: The bank­ruptcy has already emerged, says Wolfgang Schirp to the “Spiegel”.

CNBC,
‘The Enron of Germany’: Wirecard scandal casts a shadow on corporate governance, 29. June 2020 | read more

It comes after law firm Schirp & Part­ner brought a class ac­tion law­suit against the ac­count­ancy on be­half of Wir­e­card in­vestors, al­leging it failed to flag im­prop­erly booked pay­ments on Wirecard’s 2018 accounts.

cash,
Wirecard shares up 118 percent – two lawsuits against the German state, 29. June 2020 | read more

The Wir­e­card in­solv­ency scan­dal leads to two state li­ab­il­ity suits against the Ger­man state. Mean­while, the op­er­a­tions of the pay­ment pro­cessor in the Phil­ip­pines are to be in­vest­ig­ated. […] On be­half of Wir­e­card share­hold­ers, two law firms that have already filed law­suits against the aud­itor Ernst & amp; Young have filed class ac­tion law­suits against the Fed­eral Re­pub­lic of Ger­many for state li­ab­il­ity. “Wir­e­card has des­troyed bil­lions of euros in in­vestor money in an un­con­trolled man­ner,” said a state­ment from the law firms Schirp and Lieb­scher on Sunday. Schirp sees par­al­lels in the fail­ure of the su­per­vis­ory au­thor­ity BaFin and the Ger­man Audit Of­fice for Ac­count­ing with the in­solv­ency of the con­tainer pro­vider P&R.

Wiener Zeitung,
German government draws the first conclusions from the Wirecard scandal: In the future, the financial supervisory authority should determine Bafin itself. Class actions are rolling towards the state, 29. June 2020 | read more

The Ber­lin law­yers Wolfgang Schirp and Marc Lieb­scher stated that they had been com­mis­sioned by Wir­e­card in­vestors to file a class ac­tion law­suit against the Fed­eral Re­pub­lic. The reason is the fail­ure of the su­per­vis­ory au­thor­it­ies. Bafin and the “ac­count­ing po­lice” DPR would have made blatant mis­takes. “We will sue the Fed­eral Re­pub­lic of Ger­many for dam­ages for our cli­ents,” said Marc Lieb­scher. Ac­cord­ing to the law­yers, it must also be checked whether EU law has also been vi­ol­ated due to in­suf­fi­cient supervision.

yahoo! Finance,
Wirecard Fallout: Auditor EY Accused of Not Flagging $2.1B Black Hole Sooner, 29. June 2020 | read more

Earlier this month, be­fore the most re­cent rev­el­a­tions of ac­count­ing mal­prac­tice, law firm Wolfgang Schirp had filed a class-​action law­suit against EY for its fail­ure to spot im­prop­erly booked pay­ments in Wirecard’s 2018 accounts.

Milenio,
Alemania revisa regulación tras escándalo de Wirecard, 29. June 2020 | read more

Marc Lieb­scher y Wolfgang Schirp, los abogados con sede en Ber­lín, señalaron ayer que es­tán pre­parando una de­manda colectiva de in­ver­sionis­tas con­tra la República Fed­eral de Ale­mania, quienes ex­i­gen daños y per­jui­cios por una supuesta “falla de las autor­id­ades reg­u­ladoras ale­m­anas” en el caso de Wir­e­card. […] A prin­ci­pios de ju­nio, el bufete de abogados ber­linés Schirp & Part­ner in­ter­puso una ac­ción ju­di­cial con­tra EY bajo la acus­a­ción de vi­olar “las ob­liga­ciones de con­trol de un auditor”.

Gestión,
El escándalo de Wirecard pone a la auditora EY contra las cuerdas, 29. June 2020 | read more

A prin­ci­pios de ju­nio, el bufete de abogados ber­linés Schirp & Part­ner in­ter­puso una ac­ción ju­di­cial con­tra EY. La acusa de vi­olar “las ob­liga­ciones de con­trol de un aud­itor”. Las ac­ciones de Wir­e­card se han desplo­mado un 98% dur­ante los úl­ti­mos diez días. El gabin­ete Schirp in­sta a los ac­cionis­tas a presentar una de­manda colectiva con­tra EY.

ZD Net,
Scandale Wirecard: EY dans la tourmente, 29. June 2020 | read more

Mais les soupçons sur EY portent sur une péri­ode plus longue. Le cab­inet d’avocats ber­linois Schirp & Part­ner a en­tamé début juin une ac­tion en justice vis­ant EY. EY n’a pu cer­ti­fier les comptes de Wir­e­card des an­nées dur­ant « sans une vi­ol­a­tion des ob­lig­a­tions de con­trôle d’un auditeur », ac­cuse le cab­inet sur son site.

Idei De Afaceri,
Caderea Wirecard pune EY pe jar, 29. June 2020 | read more

La randul sau, firma de avocatura Schirp & Part­ner din Ber­lin a de­marat la in­ce­putul lunii iunie o ac­ti­une in justitie care vizeaza Ernst & Young. Po­trivit avocat­ilor, Ernst & Young nu ar fi pu­tut cer­ti­fica con­turile Wir­e­card timp de mai multi ani “fara o in­cal­care a ob­lig­atiilor de con­trol ale unui aud­itor”. In con­ditiile in care ac­ti­unile Wir­e­card s-​au prab­usit cu 98% in ul­timele zece zile, det­in­at­orii de ac­ti­uni la firma ger­mana de plati on­line sunt in­vit­ati de cab­in­etul de avocatura Schirp & Part­ner sa se al­ature unei ac­ti­uni colect­ive in justitie care sa vizeze Ernst & Young.

ma​nilastand​ard​.net,
Critics’ ire turns on auditor EY after collapse of Wirecard, 29. June 2020 | read more

Berlin-​based law firm Schirp and Part­ner launched a law­suit against EY in early June, say­ing on its web­site the group could not have cer­ti­fied Wirecard’s ac­counts “without a breach of an auditor’s audit­ing ob­lig­a­tions.” Given Wirecard’s share price has col­lapsed by 98 per­cent in 10 days, Schirp told share­hold­ers that “EY is eco­nom­ic­ally the bet­ter claimant for ag­grieved in­vestors,” ur­ging them to join a class ac­tion suit.

Financial Times,
Germany to overhaul accounting regulation after Wirecard collapse, 28. June 2020 | read more (paid content)

Berlin-​based law­yers Marc Lieb­scher and Wolfgang Schirp said on Sunday they are pre­par­ing a class ac­tion law­suit of in­vestors against the Fed­eral Re­pub­lic of Ger­many. The in­vestors de­mand dam­ages for an al­leged “fail­ure of Ger­man reg­u­lat­ory au­thor­it­ies” in the Wir­e­card case.

Nebenwerte Magazin,
Wirecard state liability? DPR flies – admission of guilt?, 28. Juni 2020 | read more

It’s lo­gical that (sic) here sev­eral law­yers sus­pect ap­proaches for a pos­sible state li­ab­il­ity. It looks like a lot of “time” with the ser­i­ous al­leg­a­tions in the room – and by sum­mer 2019 at the latest, these were un­mis­tak­able. We quote from a pub­lic­a­tion by Schirp und Part­ner, who an­nounced today that they were pre­par­ing class ac­tion law­suits for state li­ab­il­ity: “The me­dia re­ports are un­dis­puted: the Fed­eral Fin­an­cial Su­per­vis­ory Au­thor­ity (BaFin) saw an oc­ca­sion to in­vest­ig­ate Wir­e­card AG for bal­ance sheet ma­nip­u­la­tion since Feb­ru­ary 2019. In ac­cord­ance with the two-​tier Ger­man su­per­vis­ory law in this area, it passed the in­vest­ig­a­tion on to the Ger­man Audit Of­fice for Ac­count­ing (DPR). The DPR is an as­so­ci­ation un­der private law that is en­trus­ted with sov­er­eign tasks in this area. The DPR provided a single em­ployee for the Wir­e­card audit. This em­ployee did not suc­ceed in sub­mit­ting an audit re­port un­til the col­lapse of the Wir­e­card Group in June 2020, i.e. within a period of one and a half years. BaFin, for its part, pro­hib­ited Wir­e­card for a long time in 2019 by pro­hib­it­ing the Short selling of stocks (Short Selli ng) pro­tec­ted. This was des­pite the fact that very sub­stan­ti­ated al­leg­a­tions were made against the company’s ac­count­ing, es­pe­cially by the Fin­an­cial Times, but also by other me­dia. These al­leg­a­tions poin­ted to a fraud­u­lent in­fla­tion of the bal­ance sheet. Over­all, there was a blatant fail­ure of the su­per­vis­ory au­thor­ity. Fed­eral Fin­ance Min­is­ter Scholz ex­pressly ad­mit­ted this. BaFin boss Fe­lix Hufeld has already ad­mit­ted mis­takes. It is there­fore not un­ex­pec­ted that to­mor­row, Monday, the re­spons­ible min­is­tries will ter­min­ate the con­tract between the Fed­eral Re­pub­lic of Ger­many and the FREP, ac­cord­ing to me­dia re­ports. EU Vice Com­mis­sioner Valdis Dom­brovs­kis has also an­nounced an in­vest­ig­a­tion. It should be checked whether Ger­many has vi­ol­ated EU law be­cause of in­ad­equate su­per­vi­sion. Above all, the strange di­vi­sion of tasks between BaFin and FREP is at the cen­ter of cri­ti­cism from the EU.”

Handelsblatt,
Fateful days for Wirecard – this could continue for the former giant, 28. Juni 2020 | read more (paid content)

The fin­an­cial su­per­vis­ory au­thor­ity wanted to pre­vent the bank­ruptcy from be­ing delayed. The first in­ter­ested parties are ready for parts of the Wir­e­card Group.

F.A.Z.,
First claims for damages against the BaFin, 28. Juni 2020 | read more

The Ber­lin law­yers Marc Lieb­scher and Wolfgang Schirp are also pre­par­ing a class ac­tion law­suit against the Fed­eral Re­pub­lic of Ger­many for state li­ab­il­ity. The reason for them is also “the blatant fail­ure of the Ger­man su­per­vis­ory au­thor­it­ies” in the Wir­e­card case. “For this we will sue the Fed­eral Re­pub­lic for dam­ages for our cli­ents”, an­nounced Liebscher.

Zeit Online,
Wirecard: Federal government is drawing initial conclusions from the Wirecard scandal, 28. Juni 2020 | read more

The Ber­lin law­yers Wolfgang Schirp and Marc Lieb­scher an­nounced that they had been com­mis­sioned by Wir­e­card in­vestors to file a class ac­tion law­suit against the Fed­eral Re­pub­lic. The reason is the fail­ure of the su­per­vis­ory au­thor­it­ies. Bafin and the DPR would have made blatant mis­takes. “We will sue the Fed­eral Re­pub­lic of Ger­many for dam­ages for our cli­ents,” said Marc Lieb­scher. Ac­cord­ing to the law­yers, it must also be checked whether EU law has also been vi­ol­ated due to in­suf­fi­cient supervision.

Boursorama,
Scandale Wirecard: les poursuites s’accumulent contre l’auditeur EY, 28. Juni 2020 | read more

Le cab­inet d’avocats ber­linois Schirp & Part­ner a en­tamé dès le début du mois de juin une ac­tion en justice vis­ant EY. EY n’a pu cer­ti­fier les comptes de Wir­e­card des an­nées dur­ant “sans une vi­ol­a­tion des ob­lig­a­tions de con­trôle d’un auditeur”, ac­cuse le cab­inet sur son site. Al­ors que l’action Wir­e­card a fondu de 98% ces dix derniers jours, ses ac­tion­naires sont in­vités par le cab­inet Schirp à se re­grouper au­tour d’une ac­tion col­lect­ive en justice vis­ant EY.

Istoé Dinheiro,
Escândalo da Wirecard põe Ernst & Young na berlinda, 28. June 2020 | read more

No in­í­cio de junho, o es­critório de ad­vogados ber­lin­ense Schirp & Part­ner en­trou com uma ação na Justiça con­tra a EY, acusando-​a de vi­olar “as obrigações de con­trole de um aud­itor”. O con­glom­erado ja­ponês Soft­bank planeja fazer o mesmo, de acordo com a rev­ista se­m­anal “Der Spiegel”.

Financial Times,
EY failed to ask for Wirecard bank statements for 3 years: Auditor of insolvent payments group under fire for failing to detect fraud, 26. Juni 2020 | read more (paid content)

EY is fa­cing a class-​action law­suit in Ger­many brought by Wir­e­card in­vestors. Wolfgang Schirp, a Berlin-​based law­yer who is work­ing on the case against the audit firm, said: “It is fright­en­ing how long Wir­e­card was able to op­er­ate without be­ing ob­jec­ted to by the aud­it­ors. We have been mon­it­or­ing Wir­e­card since 2008 and have col­lec­ted very ex­tens­ive ma­ter­ial. It was al­ways clear that some­thing was wrong.”

CNBC,
Wirecard auditors face legal action after collapse of scandal-​hit payments firm, 26. June 2020 | read more

EY is fa­cing mount­ing legal pres­sure due to its role in audit­ing Wirecard’s ac­counts. Earlier this month, Wolfgang Schirp filed a class ac­tion law­suit against the con­sultancy on be­half of Wir­e­card in­vestors, al­leging it failed to flag im­prop­erly booked pay­ments on Wirecard’s 2018 accounts.

S&P Global Market Intelligence,
Wirecard investors set for legal battle as accounting questions mount, 26. Juni 2020 | read more

Berlin-​based law firm Schirp & Part­ner is tak­ing legal ac­tion against aud­itor EY be­cause it be­lieves it has more chance of re­cov­er­ing money lost by in­vestors via that route. “I am a little pess­im­istic about Wirecard’s fu­ture so if we sue them for three-​digit mil­lions of euros, we need some­body who is still strong and able to pay in two or three years from now when the legal cases are hope­fully won,” Schirp & Part­ner found­ing part­ner Wolfgang Schirp told S&P Global Mar­ket In­tel­li­gence. EY should have been able to read the “red flags” and look be­hind fig­ures presen­ted by Wir­e­card, he said.

Nebenwerte Magazin,
TecDAX/​Wirecard: And the caravan moves on – who is next?, 26. Juni 2020 | read more

Law­suit against E&Y ap­pears to have at least one solvent op­pon­ent. The law firm Schirp und Part­ner sees this as an op­por­tun­ity to see money that an in­solv­ent Wir­e­card can no longer pay. And the E & amp; Y audited every bal­ance sheet des­pite – as has now be­come known – miss­ing mil­lions and bil­lions for years already has a very strong taste. The law firm also of­fers lit­ig­a­tion fin­an­cing so that no money “has to be taken in hand”

FINANCE,
Wirecard scandal: EY defends itself, 26. Juni 2020 | read more

EY is de­fend­ing it­self against the al­leg­a­tions in the Wir­e­card scan­dal – re­gard­less of their duty of con­fid­en­ti­al­ity. Much is at stake, be­cause a wave of law­suits is rolling to­wards the Big Four. […] law firms such as Schirp & amp; Part­ner have already filed ini­tial lawsuits. 

The Guardian,
Wirecard files for insolvency amid German accounting scandal: Move comes after former CEO at payments firm held on suspicion of falsifying accounts, 25. Juni 2020 | read more

EY it­self is fa­cing a class ac­tion suit by Berlin-​based law firm Schirp & Part­ner and at­tor­ney Marc Lieb­scher on be­half of “ag­grieved” share­holder and bond in­vestors. “It is fright­en­ing how long Wir­e­card AG was able to op­er­ate without be­ing ob­jec­ted to by the aud­it­ors,” the law firm’s found­ing part­ner Wolfgang Schirp said in a state­ment. A spokes­per­son for Schirp said the claim could end up be­ing worth more than €500m.

Handelsblatt,
Balance sheet review: Has EY been duped by Wirecard?, 25. Juni 2020 | read more (paid content)

The ac­count­ing scan­dal also has a neg­at­ive im­pact on the im­age of the aud­itor re­spons­ible for Wir­e­card. Cri­ti­cism does not only come from ex­perts. The first crim­inal com­plaint has now been filed.

SPIEGEL,
What the Wirecard bankruptcy means for shareholders, 25. Juni 2020 | read more

Wir­e­card has to file for bank­ruptcy, the share plummeted within a day like no other of a Dax com­pany. In­vestors have a chance of com­pens­a­tion, law­yers prom­ise. What is to be made of it? […] At­tor­ney Schirp is con­vinced that the case “is as if painted to demon­strate the auditor’s li­ab­il­ity in court”. This li­ab­il­ity is “un­dis­puted in the lit­er­at­ure”. Not only the ag­grieved share­hold­ers are en­titled to claim, but also all in­vestors who sub­scribed to the Wir­e­card AG bond is­sued in 2019, as well as the hold­ers of derivatives.

Law360,
Law Firm Gathers Wirecard Investors For Action Against EY, 25. Juni 2020 | read more (paid content)

Berlin-​based law firm Schirp & Part­ner said Thursday it is round­ing up Wir­e­card AG in­vestors for fur­ther group ac­tion against aud­itor Ernst & Young after the pay­ments com­pany filed for in­solv­ency court pro­tec­tion, elim­in­at­ing it as a tar­get for legal pro­ceed­ings. Schirp & Part­ner filed a col­lect­ive ac­tion June 8 against EY be­fore a court in Stut­tgart, where the aud­itor has its Ger­man headquar­ters, and said Thursday it is pre­par­ing fur­ther law­suits. The firm al­leges that EY breached its audit­ing ob­lig­a­tions by not identi­fy­ing a €1.9 bil­lion ($2.1 bil­lion) hole in Wirecard’s ac­counts un­til it was too late.

MarketScreener,
‘The money’s gone’: Wirecard collapses owing $4 billion, 25. Juni 2020 | read more

Ger­man law firm Schirp & Part­ner said that with Wir­e­card now ef­fect­ively side­lined, it would file class ac­tions against EY on be­half of share­hold­ers and bond­hold­ers. “It is fright­en­ing how long Wir­e­card AG was able to op­er­ate without be­ing ob­jec­ted to by the aud­it­ors,” part­ner Wolfgang Schirp said.

Neue Zürcher Zeitung,
How can there be no trace of 1.9 billion? Auditing experts say about the Wirecard case: “That is beyond imaginable”, 23. Juni 2020 | read more

Ex­perts are per­plexed how a quarter of the total as­sets of the Ger­man pay­ment ser­vice pro­vider could dis­ap­pear. How­ever, there have been a num­ber of warn­ing signs in re­cent years. There is also the ques­tion of whether the EY aud­it­ors looked closely enough. […] Ob­serv­ers ex­pect that EY will soon face a wave of law­suits. The Ger­man law firm Schirp & amp; Ac­cord­ing to me­dia re­ports, Part­ner filed a com­plaint against the audit­ing com­pany at the be­gin­ning of June for er­rors in the audit of the bal­ance sheet and in com­mu­nic­a­tion with the pub­lic. There is a keen in­terest from share­hold­ers to join the law­suit, it said.

bo​erse​.ARD​.de,
Compensation demanded: Will the Wirecard case soon become an EY case?, 23. Juni 2020 | read more

The ques­tion arises as to how EY was able to is­sue the last cer­ti­fic­ates without re­stric­tion, so not only the law­yers Schirp & amp; Part­ner: “How could it be that the de­fi­cits iden­ti­fied by KPMG re­mained hid­den from EY’s an­nual aud­it­ors in pre­vi­ous years?” As the “Han­dels­blatt” re­ports, a wave of pro­cesses is rolling to­wards the Wir­e­card test­ers EY. […] The law firm Schirp & amp; Part­ner wants to hold EY ac­count­able and file a law­suit. Wolfgang Schirp says: “Our law­suit is based in par­tic­u­lar on the fact that EY has audited Wirecard’s al­leged equity cap­ital of up to 1.9 bil­lion euros in the past few years, al­though there was in­suf­fi­cient evid­ence.” This ap­proach is very pe­cu­liar and, ac­cord­ing to Schirp’s ana­lysis, does not cor­res­pond to the du­ti­ful ap­proach of an auditor.

Das Erste – Börse vor acht,
Wirecard, the second act of the drama, 19. Juni 2020 | watch the video

The shares are on the ground, the scan­dal is per­fect. Now the boss is leav­ing. The Wir­e­card share­hold­ers ex­per­i­enced an­other wild day. Which should be sig­ni­fic­ant for the group. Be­cause the banks are now de­cid­ing on loans of 2 bil­lion euros that they could def­in­itely ter­min­ate. Wir­e­card has launched an ac­count­ing scan­dal that is second to none. Criticism’s crosshairs are now also those who prob­ably made this pos­sible in the first place. The su­per­vi­sion – and the aud­it­ors of EY. (the law­suit against EY from min 2:20)

Wirtschaftswoche,
Wirecard debacle: how could EY overlook that?, 19. Juni 2020| read more (paid content)

Ernst & amp; Young blessed Wirecard’s an­nual re­ports for years and is now caught in the cross­fire him­self. There are threats of law­suits – and it would not be the first time that EY has had to an­swer in court.

accountingWEB,
EY fintech audit angers investors: EY is being targeted by investor representatives unhappy with its audit of the fast-​growing German fintech Wirecard, 17. Juni 2020 | read more

Berlin-​based law­yer Wolfgang Schirp has been on EY’s trail for months fol­low­ing claims that Wir­e­card had been over­stat­ing its rev­en­ues since 2016. As re­por­ted by Bloomberg, Schirp is pre­par­ing a suit based on claims that the pay­ment pro­cessor im­prop­erly booked €1bn in as­sets in its 2018 ac­counts. After Wirecard’s headquar­ters was searched for evid­ence by pro­sec­utors on 7 June, Schirp told the Ger­man pa­per Handles­blatt that EY had not ques­tioned the lack of bal­ance con­firm­a­tions for €1bn in trust as­sets in its auditor’s re­port on the 2018 ac­counts. “EY’s at­test­a­tion should either have been re­stric­ted or at least sup­ple­men­ted,” he said.

Handelsblatt,
Criminal charges, raids, annual results: Wirecard is under constant stress, 8. Juni 2020 | read more

The crim­inal com­plaint and the raid shortly be­fore the an­nual bal­ance sheet are a heavy bur­den on Wir­e­card. The cri­ti­cism of CEO Braun is grow­ing. The aud­itor EY is also com­ing un­der pres­sure. […] The Ber­lin law­yer Wolfgang Schirp, who rep­res­ents around 80 private in­vestors, wants to file a law­suit against EY on Monday at the Stut­tgart Re­gional Court, the Ger­man seat of the aud­it­ors. “The main reason is that EY did not com­plain in the auditor’s re­port for the 2018 an­nual fin­an­cial state­ments that no bal­ance con­firm­a­tions were avail­able for around one bil­lion euros in al­leged trust as­sets, as we be­lieve the KPMG re­port shows. EY’s at­test­a­tion should have either been re­stric­ted or at least ex­pan­ded to in­clude a supplement.

Frankfurter Allgemeine Zeitung,
For the Wirecard board of directors it’s all or nothing now, 8. Juni 2020 | read more (paid content)

“When CEO Markus Braun presents the bal­ance sheet in ten days, his fu­ture de­pends on the auditor’s cer­ti­fic­ate. The first law­yers are now su­ing them. This Monday a group of private share­hold­ers will file a law­suit against EY. You ac­cuse the ex­am­iners of a con­firm­a­tion “in the dark”. Ac­cord­ing to the as­sess­ment of the law­yers Wolfgang Schirp and Marc Lieb­scher, who rep­res­ent the in­vestors, EY did not com­plain in the auditor’s re­port for the last an­nual fin­an­cial state­ments that there were no bal­ance con­firm­a­tions for around 1 bil­lion euros of al­leged trust assets.

Bloomberg,
Ernst & Young Sued Over Wirecard as Accounting Woes Add Up, 8. Juni 2020 | read more

Ac­count­ing firm Ernst & Young was sued over its work for Wir­e­card AG, just two days after Wirecard’s headquar­ters were raided as part of a mar­ket ma­nip­u­la­tion probe. The Ger­man law­suit al­leges that EY failed to flag that 1 bil­lion euros ($1.1 bil­lion) in as­sets were im­prop­erly booked on the pay­ment processor’s 2018 ac­counts, Wolfgang Schirp, a law­yer for private in­vestors, said in a state­ment on Monday.

IT-​Times,
Wirecard: lawsuit filed against auditor EY, 8. Juni 2020 | read more

The new law­suit al­leges that EY failed to in­dic­ate that around one bil­lion euros in as­sets were not prop­erly booked in the pay­ment ser­vice provider’s ac­counts in 2018, ac­cord­ing to Dr. Wolfgang Schirp, spe­cial­ist law­yer for bank­ing and cap­ital mar­ket law.

Financial Times,
EY fights fires on three audit cases that threaten its global reputation, 7. Juni 2020 | read more (paid content)

Handelsblatt,
Berlin district court condemns the Scope rating agency to pay damages: For the first time, a rating agency in Germany was convicted of the incorrect rating of a corporate bond. The court does not save with criticism, 3. Juni 2020 | read more

“The court is con­vinced that the rat­ing is in­cor­rect,” says the judg­ment of the 11th civil di­vi­sion of the re­gional court, which the Ber­lin law firm Schirp & amp; Part­ner won for the ap­plic­ant (Az .: 11 O 5/19). “As far as we know, this is the first judg­ment in Ger­many that af­firmed the li­ab­il­ity of a rat­ing agency,” said Susanne Schmidt-​Morsbach, law­yer at Schirp & amp; Part­ner, the Han­dels­blatt. “It is very grat­i­fy­ing that the court fol­lowed our ar­gu­ment in full and de­cided on full com­pens­a­tion in the case of this bond rat­ing,” said Schmidt-Morsbach.

Finance,
Wirecard’s examiner EY comes under fire, 13. Mai 2020 | read more

In­vestor rep­res­ent­at­ives raise ser­i­ous al­leg­a­tions against Wirecard’s aud­itor Ernst & amp; Young – and pre­pare a law­suit. In the mean­time, Wir­e­card has been look­ing for a new aud­itor it­self. […] “Based on the state­ments in the KPMG re­port and the pre­vi­ous press re­ports on this – and above all without any sub­stant­ive re­fut­a­tion by Wir­e­card – it is the uni­form ex­pert opin­ion that EY has is­sued at­test­a­tions that meet the legal re­quire­ments at least on the three points men­tioned We are as­sum­ing that this can be used to de­rive li­ab­il­ity claims by in­vestors who have in­ves­ted in the share trust­ing the at­test­a­tion “, is how Wolfgang Schirp from Schirp & amp; Part­ner sum­mar­izes the reas­on­ing for a law­suit against EY.

Financial Times,
Wirecard investors seek fraud probe: Investors push for appointment of special auditor at German fintech group, 14. Januar 2020 | read more (paid content)

A small group of Wir­e­card share­hold­ers are at­tempt­ing to force their own re­view into al­leg­a­tions of fraud and false ac­count­ing at the Ger­man fintech, fol­low­ing what a law­yer for the in­vestors called “a his­tory of cover up” at the Dax 30 company.

Finance,
48 / 5000
Übersetzungsergebnisse
Why small shareholders are putting Wirecard under pressure , 13. Januar 2020 | Read more

The crit­ical re­port­ing on Wir­e­card does not stop – some share­hold­ers are now fed up. You are re­quest­ing a new spe­cial test as soon as pos­sible. Wir­e­card should seize the chance […] With the battered pay­ment pro­vider Wir­e­card, there is simply no rest. The latest de­vel­op­ment: a group of share­hold­ers rep­res­en­ted by the law firm Schirp & amp; Part­ner Recht­san­wälte mbB in Ber­lin wants to force an ex­traordin­ary gen­eral meet­ing to be called at the earli­est pos­sible date.

Handelsblatt,
Small shareholders are calling for a special audit at Wirecard: The balance sheets of partners of the payment service provider are to be examined again by independent experts, 13. Januar 2010 | Read more

A group of small share­hold­ers wants to en­force an in­de­pend­ent spe­cial audit at the pay­ment ser­vice pro­vider Wir­e­card. “We want to be clear as soon as pos­sible about what’s go­ing on at Wir­e­card,” said law­yer Wolfgang Schirp on Monday.

Frankfurter Allgemeine,
F.A.Z. Exclusive: Small shareholders want special audit from Wirecard, 13. Januar 2020 | Read more

In­vest­ment law­yer Wolfgang Schirp calls for an end to the “game of hide and seek” at the con­tro­ver­sial pay­ment ser­vice pro­vider. How­ever, the gen­eral meet­ing must first ap­prove a spe­cial audit.

The New York Times,
Law Firm Schirp Calls for Special Audit of Wirecard, 13. Januar 2010 | Read more

Law firm Schirp & Part­ner called on Monday for a spe­cial audit of Ger­man pay­ments com­pany Wir­e­card, which is fa­cing al­leg­a­tions of fraud and false ac­count­ing, on be­half of a small group of shareholders. […]

Frankfurter Allgemeine Zeitung,
Wirecard is replacing the chief supervisor: In the middle of the KPMG special audit, shareholders apply for an independent examination of the balance sheets, 13. Januar 2020

From the con­tent: “[…] ‘We want the game of hide-​and-​seek to end,’ said law­yer Wolfgang Schirp, who rep­res­ents the share­hold­ers, on Sunday at F.A.Z. […]”

The Wall Street Journal,
Wirecard Chairman Steps Down From Embattled Payments Giant: Wulf Matthias, who resisted calls for an independent audit, resigned suddenly and will be succeeded by Thomas Eichelmann, 12. Januar 2020 | Read more

Wir­e­card AG ’s chair­man, who res­isted calls for an in­de­pend­ent audit of the under-​fire Ger­man pay­ments group, quit his role, ef­fect­ive im­me­di­ately — a move the com­pany said was aimed at im­prov­ing its cor­por­ate governance.

The Sunday Times,
Grand designs: Irish investors hoped for big payouts from Dolphin Trust/​German Property Group, but this may be an anxious Christmas, 15. Dezember 2019 | Read more (paid content)

Pablo Solar from Schirp & Part­ner, a Ber­lin law firm rep­res­ent­ing more than 100 GPG in­vestors from Asia and Bri­tain, has sim­ilar con­cerns. “In­vestors must ral­ise that … some of the prop­er­ties that should be de­veloped are not owned by Dol­phin or af­fil­i­ated com­pan­ies,” he said.

DIE ZEIT,
Mr. Brömmer’s containers, 5. Dezember 2019 | Read more

A re­tired doc­tor tries to do everything right with his in­vest­ment and, like tens of thou­sands of oth­ers, is ex­cluded from scam­mers. Does the fin­an­cial reg­u­lator fi­nally have to in­ter­vene? A trial in Frankfurt.

ZDF,
Frontal 21: Gold mine Housing shortage: Profits with ruthless methods, 3. Dezember 2019 | zum Video (verfügbar bis 3.12.2020)

In­vestors from abroad have been buy­ing apart­ment build­ings in many cit­ies for years, be­cause money can eas­ily be made with the apart­ments, which were re­l­at­ively cheap there un­til then. See the in­ter­view with Chris­tian Winkhaus, attorney-​at-​law from min 9:40.

Das Erste,
report MÜNCHEN: Account canceled! Credit has shrunk! Negative interest rates put a strain on savers, 19. November 2019 | zum Video (verfügbar bis 19.11.2020)

The saved be­longs to the saver. That was true so far. But neg­at­ive in­terest rates are in­creas­ingly bur­den­ing the de­pos­its and nib­bling on credit. Banks and sav­ings banks refer to the European Cent­ral Bank. It has im­posed neg­at­ive in­terest rates on the euro coun­tries since 2014. The in­sti­tutes pass the loss on to their cus­tom­ers. Hun­dreds of thou­sands of cus­tom­ers there­fore had to can­cel their sav­ings con­tracts. ”In­ter­view with law­yer Dr. Wolfgang Schirp from min 5:40.

DER SPIEGEL,
Financial scandals: offer to P&R investors, 16. November 2019 | Read more (paid content)

The US fin­an­cial in­vestor York Cap­ital of­fers ag­grieved in­vestors of the con­tainer pro­vider P & amp; R to buy their in­solv­ency claims. This would al­low in­vestors to get back part of their money for the first time and get out of the cur­rent, pos­sibly years-​long in­solv­ency proceedings.

FAZ,
Container Fraud Case: Offer for P&R Investor Claims, 15. November 2019 | Read more

The cred­it­ors of the in­solv­ent con­tainer lessor now have the op­tion to quickly shelve the failed investment.

Handelsblatt,
York Capital Management: New York hedge fund wants P&R investors to buy their claims, 15. November 2019 | Read more

The US hedge fund meddles in the bank­ruptcy of con­tainer dis­trib­utor P&R. The pub­lic of­fer causes as­ton­ish­ment among the in­solv­ency administrator.

Fonds professionell online,
P & amp; R bankruptcy: hedge fund makes strange offer to injured party, 15. November 2019 | Read more

The in­solv­ency ad­min­is­trator Mi­chael Jaffé hopes that he can earn one bil­lion euros with the rest of the con­tainer port­fo­lio. This has now called on a spec­u­lat­ive buyer who wants to lure un­settled in­vestors with a strange offer.

in​vest​mentcheck​.de,
Options for P&R investors: Interview with investment lawyer Wolfgang Schirp, 14. November 2019 | Read more

“In­vest­ment check: Mr. Schirp, let’s start with the law­suit against the aud­itor Werner Wagner-​Gruber. For years he audited the bal­ance sheets of the now in­solv­ent Ger­man P&R com­pan­ies. In ad­di­tion, he has been draw­ing up a kind of per­form­ance re­port for years, ac­cord­ing to which P&R has been has al­ways made all pay­ments on time and in full. Where do you see his failures? ”

manager magazin,
Purchase offer to thousands of those affected: US investor hunts for bargains in the P & amp; R scandal, 14. November 2019 | Read more

A spe­cial kind of bar­gain hunt: The US in­vest­ment com­pany York Cap­ital has iden­ti­fied the mega-​investment scan­dal sur­round­ing the Munich-​based con­tainer in­vest­ment com­pany P&R as a re­turn op­por­tun­ity and is mak­ing an of­fer to af­fected P&R vic­tims to take over their claims.

Die Welt,
Attorney Dr. Wolfgang Schirp in an interview on negative interest rates, 3. Oktober 2019 | Read more (Paid-​Content)

Neg­at­ive in­terest? This is not ac­cep­ted by our legal system.

WirtschaftsWoche,
Attorney Dr. Wolfgang Schirp in an interview on the subject of “Negative interest rates are a hidden tax – and therefore illegal”, 2. Oktober 2019 | Read more

Germany’s banks and in­creas­ingly also savers are groan­ing un­der the neg­at­ive in­terest rates. The Ham­burg law­yer Kai-​Oliver Knops says that they are il­legal and have to be chal­lenged in court. There are bil­lions of Euros involved.

Deutsche Welle,
Prof. Dr. Kai-​Oliver Knops presents legal opinions on the subject of negative ECB interest rates are unlawful. 1. Oktober 2019 | Read more

The ex­pert es­tim­ates that the ECB has col­lec­ted a good 40 bil­lion euros – around 7.5 bil­lion euros per year – in neg­at­ive in­terest from the com­mer­cial banks since 2014. “The in­sti­tutes could now re­claim these amounts,” ex­plains Knops in an in­ter­view with DW, “be­cause there is no ad­equate legal basis for the survey.”

Handelsblatt,
Attorney Dr. Wolfgang Schirp and Prof. Dr. Kai-​Oliver Knops on negative ECB interest rates, 01. Oktober 2019 | Read more

The Ham­burg pro­fessor for bank­ing and cap­ital mar­kets law, Kai-​Oliver Knops, con­siders the neg­at­ive in­terest rates for banks levied by the European Cent­ral Bank (ECB) since 2014 to be il­legal. “The Gov­ern­ing Coun­cil was not form­ally or ma­ter­i­ally em­powered to ad­opt them. There is a lack of suf­fi­cient jus­ti­fic­a­tion and par­lia­ment­ary par­ti­cip­a­tion for such far-​reaching meas­ures, ”says an ex­pert re­port that Knops presen­ted in Ber­lin on Tuesday.

Welt am Sonntag,
Dr. Wolfgang Schirp and Prof. Dr. Kai-​Oliver Knops in the world on Sunday, 29. September 2019

„Neg­at­ive in­terest rates are unlawful.“

KMI,
Attorney Schirp about POC Oikos, 37/2019, page 2

“Pro­spectus and ad­dendum no. 1 should not have been used like this”, says the judg­ment, which nat­ur­ally sat­is­fies the investor’s legal rep­res­ent­at­ive: “I think we are the only ones who have won through two in­stances against POC so far”, says at­tor­ney Dr. Wolfgang Schirp.

Handelsblatt,
Attorney Schirp about P&R, 16. August 2019 | Read more (Paid-​Content)

The Ber­lin in­vestor law­yer Wolfgang Schirp does not be­lieve in a product ban. “In times of per­man­ently low in­terest rates, there is room for al­tern­at­ive forms of in­vest­ment – they just have to be de­signed ser­i­ously,” says Schirp.

Deutschlandfunk Kultur,
Attorney Schirp about P&R, 09. Juli 2019 | Read more

“The Ger­man le­gis­lator has tried to rule out of­fi­cial li­ab­il­ity claims against BaFin. He has spe­cific­ally anchored a cor­res­pond­ing stand­ard in the Ser­vice Su­per­vi­sion Act. And we be­lieve, how­ever, that this com­plete ex­clu­sion of the re­spons­ib­il­ity of an au­thor­ity vi­ol­ates European law and have there­fore ap­plied for the dis­pute to be sub­mit­ted to the European Court of Justice.“

Handelsblatt about ThomasLlyod, 08. Juli 2019 | Read more (Paid-​Content)

“What Thomas-​Lloyd does with in­vestors is a scan­dal,” says Susanne Schmidt-​Morsbach from the law firm Schirp & amp; Part­ner in Ber­lin. “My cli­ent has been pres­sured with mis­lead­ing in­form­a­tion. The shares would prac­tic­ally not be tradable.”

Legal Tribune Online about P&R, 27. Oktober 2018 | Read more

After in­solv­ency ad­min­is­trator Mi­chael Jaffé had to tell the cred­it­ors of con­tainer sales P & amp; R that the bank­ruptcy es­tate is cur­rently al­most zero, in­vestors are ex­amin­ing li­ab­il­ity claims against banks and fin­an­cial ad­visors, re­ports Robert Peres.

Handelsblatt on Scope, 09. Oktober 2018 | Read more (Paid-​Content)

“Dream grades to the point of fail­ure – Scope rat­ing agency com­pensates small in­vestors for too good a rating”

Frankfurter Allgemeine Zeitung about P&R Container, 12. September 2018 Nr. 212 S.23 | Read more (Paid-​Content)

“Selling ship­ping con­tain­ers that didn’t ex­ist is cost­ing in­vestors bil­lions. Politi­cians are now call­ing for reg­u­lat­ory consequences.”

DIU Report
Lawyer Dr. Susanne Schmidt-​Morsbach on German Pellets, 2. Juli 2018 Heft Nr. 45 S.2 | Read more (PDF)

“Ac­cord­ing to the in­solv­ency administrator’s in­vest­ig­a­tions, ma­ter­ial bank­ruptcy ma­tur­ity already oc­curred well be­fore the in­solv­ency ap­plic­a­tion was filed in Feb­ru­ary 2016.”

Handelsblatt
Attorney Susanne Schmidt-​Morsbach on the subject of Scope, 13 Juli 2018 S.35 |
Read more (Paid-​Content)

“The law firm Schirp & amp; The part­ner of the com­plain­ing couple es­sen­tially ac­cuses Scope of us­ing wrong stand­ards. The ori­ginal A rat­ing was based on the al­leged full col­lat­er­al­isa­tion of the bond by the value of the ship. This was es­tim­ated at just un­der 77 mil­lion euros. How­ever, the ship was only in­sured for just un­der 43 mil­lion euros.”

Ver​brauch​erfin​an​zen​-Deutsch​land​.de
Attorney Schirp on P&R, 14. Juni 2018 | Read more

“The speak­ers all agreed that BaFin stayed far too out of the way in this case. At­tor­ney Dr. Schirp there­fore also wants to sue BaFin via the ECJ within the next three weeks. To what ex­tent this law­suit will be en­force­able can­not yet be answered, ac­cord­ing to the at­tend­ing lawyers.”

FAZ RA Schirp about P&R, 12. Juni 2018 | Read more (Paid-​Content)

“Law­yers pre­pare law­suits for of­fi­cial li­ab­il­ity claims against Bafin.”

Fonds Online RA Schirp about P&R, 12. Juni 2018 | Read more

P&R bank­ruptcy puts Bafin in a mess. The col­lapse of the P&R Group is one of the biggest in­vestor dis­asters in Ger­many. From the per­spect­ive of fed­eral polit­ics, the mat­ter re­mains a private matter.

KMI attorney Breier-​Struss on the topic of Publity, 20/2018 Seite 2

“Some of pub­lity AG’s bond­hold­ers have can­celed their bonds. If the ter­min­a­tions are ef­fect­ive – which seems en­tirely plaus­ible – pub­lity AG would now be ob­liged to pay these bond­hold­ers the full nom­inal amount of their bonds.”

Handelsblatt Attorney Schirp speaks about P&R, 11. Juni 2018

“Even the law­yer Wolfgang Schirp, who spe­cial­izes in cap­ital mar­ket in­vest­ments, is not con­vinced by the Min­istry of Finance’s an­swer: In my opin­ion, the Bafin has failed completely.”

Handelsblatt about P&R, 22. Mai 2018

“At P & amp; R there was un­for­tu­nately no real mon­it­or­ing un­til 2016 by law. For a long time, dir­ect in­vest­ment pro­viders did not even have to sub­mit a pro­spectus or is­sue warn­ings. In this way, P&R was able to op­er­ate for dec­ades without an au­thor­ity hav­ing to deal with the busi­ness model in more detail.”

Handelsblatt about Scholz, 22. Mai 2018

“Sym­pa­tex at­trac­ted private savers with an in­terest rate of eight per­cent. Now the man­u­fac­turer of all-​weather cloth­ing is pay­ing its bond­hold­ers cheap, the Otto fam­ily is new to the game.”

Handelsblatt zu Scholz, 21. Mai 2018 | Read more (Paid-​Content)

All-​weather cloth­ing man­u­fac­turer Sym­pa­tex leaves its in­vestors out in the rain.

Handelsblatt RA Schirp about P&R, 18. bis 21. Mai 2018

“Sein Ber­liner Kollege Wolfgang Schirp glaubt, dem Gros der An­leger bleibe nur, auf die In­solv­en­zquote zu hof­fen und Schadens­er­satzans­prüche zu verfolgen.”

Handelsblatt zu P&R, 17. Mai 2018 | Read more (Paiid-​Content)

“Con­tainer shrink­age at P&R leaves in­vestors stunned”

Handelsblatt RA Schirp about P&R, 17. Mai 2018 | Read more (Paid-​Content)

“The scan­dal sur­round­ing the bank­rupt P & amp; R-​Gruppe, the largest pro­vider of dir­ect in­vest­ments in con­tain­ers, is ex­pand­ing dra­mat­ic­ally. As an­nounced by the in­solv­ency ad­min­is­trator of the Mu­nich sales group, P & amp; R 1.6 mil­lion con­tain­ers sold to in­vestors. But there are only 600,000 containers.”

Initiative of minority shareholders, 09. Mai 2018

“In or­der to pre­vent cor­por­ate ma­nip­u­la­tion and fraud in the fu­ture, Ger­many needs much sharper swords when it comes to legal con­sequences. In the opin­ion of the founders of our new as­so­ci­ation, this ne­ces­sar­ily in­cludes real class ac­tions as well as cor­por­ate crim­inal law, ”ex­plains Dr. Wolfgang Schirp, one of the founders of the BAV e.V.i.G.”

Cash​.On​line about P&R, 02. Mai 2018 | Read more

“The de­bacle sur­round­ing the con­tainer sup­plier P&R con­tin­ues to make waves. After fil­ing for bank­ruptcy for two more P&R com­pan­ies last week, law firm Dr. Schirp & amp; Part­ner from Ber­lin now ser­i­ous al­leg­a­tions against the fin­an­cial su­per­vis­ory au­thor­ity BaFin.”

Frankfurter Allgemeine Zeitung about Hamburg Trust, 19. April 2018

“Ham­burg Trust is avoid­ing the ar­bit­ra­tion pro­ceed­ings be­fore the om­buds­man, which in­vestors have called about loss of as­sets – whether is rightly disputed.”

Dr. Wolfgang Schirp in an interview with In​vest​mentcheck​.de on the subject of P&R, 03. Mai 2018 | Read more

“The fail­ure of BaFin in the P&R case is ob­vi­ous. 400 mil­lion euros of in­vestor cap­ital were col­lec­ted in 2017 with sales pro­spect­uses, which BaFin should not have per­mit­ted in this way. This opin­ion is now also rep­res­en­ted by the law­yer Dr. Wolfgang Schirp from Ber­lin. He is there­fore already ex­amin­ing li­ab­il­ity claims against the su­per­vis­ory au­thor­ity for some investors.”

Handelsblatt about Deutsche Bank, 02. Februar 2018 | Read more (Paid-​Content)

“The pro­cess of tak­ing over Post­bank is en­ter­ing the next round”

Kmi about Hamburg Trust, 01/18 (page 2) | Read more (Paid-​Content)

“More than a third of all fund share­hold­ers have filed claims for dam­ages or pending ar­bit­ra­tion pro­ceed­ings against Ham­burg Trust that pre­vent the stat­ute of limitations.”

Steel Business Briefing on the topic of Scholz, 09. Januar 2018 | Read more

“Ger­man scrap mer­chant Scholz has been ac­cused of mak­ing false de­clar­a­tions over a pre­vi­ous bond sale, as well as the company’s fin­an­cial state, by around 140 bond­hold­ers who brought a class ac­tion law­suit against the recycler.”

Handelsblatt about Deutsche Bank, 04. Januar 2018 | Read more (Paid-​Content)

“His pro­fes­sional col­leagues Jan Bayer and Antje Radkte-​Rieger have filed law­suits worth 30 mil­lion euros and 50 mil­lion euros, respectively.”

Handelsblatt about Deutsche Bank, 03. Januar 2018 | Read more (Paid-​Content)

“Fur­ther law­suits from pre­vi­ous share­hold­ers against Deutsche Bank”

Schwäbische Post about Scholz, 29. Dezember 2017 | Read more

“Schirp, whose cli­ents had in­ves­ted around five mil­lion euros ac­cord­ing to in­form­a­tion in this news­pa­per, ac­cuses the de­fend­ants of not hav­ing used the money as an­nounced for the re­struc­tur­ing, but to com­pensate for losses from a failed Aus­tralian business.”

Gomopa about Scholz, 17. Dezember 2017 | Read more (Paid-​Content)

“Dr. Schirp ac­cuses the Scholz team of de­lib­er­ately provid­ing false in­form­a­tion about the use of the loan funds and about the true con­di­tion of the com­pany in the 287-​page is­sue pro­spectus from 2012 and in the 8-​page ad­vert­ising flyer.”

Bergedorfer Zeitung about Smart Solutions, 11. Dezember 2017 | Read more (Paid-​Content)

“Ac­cord­ing to this concept, the bond­hold­ers only re­ceive a one-​off set­tle­ment of ten per­cent; In re­turn, they should waive all re­pay­ment and in­terest claims, but above all their se­cur­ity in­terests in the Sym­pa­tex brand, which is well es­tab­lished in the market.”

SWR, 28. Dezember 2017

“Around 150 in­vestors are su­ing the Essin­gen scrap re­cyc­ling com­pany Scholz Hold­ing GmbH and the former owner fam­ily Scholz. It is about in­vest­ment fraud and a lot of money.”

Schwäbische, 28. Dezember 2017 | Read more

“Law­suit against Berndt-​Ulrich and Oliver Scholz: In­vestors are de­mand­ing al­most seven mil­lion euros from the former bosses of the Essin­gen scrap re­cyc­ling com­pany Scholz. 145 in­vestors ac­cuse father and son Scholz, among other things, of fraud and in­vest­ment fraud in the is­sue of the Scholz bond.”

Handelsblatt, 08. November 2017 | Read more (Paid-​Content)

Are Post­bank in­vestors en­titled to ad­di­tional pay­ments after the takeover by Deutsche Bank? Law­yer Antje Radtke-​Rieger ad­vises all share­hold­ers who ac­cep­ted the takeover of­fer in 2010 to take legal action.

SWR, 07. November 2017

Re­tire­ment pro­vi­sion on the brink: life in­sur­ance as re­tire­ment pro­vi­sion has faltered in the cur­rent phase of low in­terest rates. Does it make sense to ter­min­ate ex­ist­ing con­tracts? We cla­rify the most im­port­ant questions.

N-TV, 20. Oktober 2017 | Read more

Deutsche Bank should make ad­di­tional pay­ments: Post­bank takeover will prob­ably be more ex­pens­ive. “Co­logne dis­trict court grants former Post­bank share­hold­ers a right to ad­di­tional payment.

Welt, 20. Oktober 2017 | Read more

Ex­pens­ive takeover: Post­bank rul­ing cre­ates new risk at Deutsche Bank. The Post­bank takeover could be ex­pens­ive for Deutsche Bank.

Bloomberg, 20. Oktober 2017 | Read more (Paid-​Content)

Post­bank In­vestors May Get Wind­fall After Deutsche Bank Loss. Co­logne court rules 14 in­vestors get 48 mil­lion euros com­bined. Former Post­bank share­hold­ers could still sue, but face an end of the year dead­line to pre­serve their claims be­cause of time limitations.

Der Aktionär, 20. Oktober 2017 | Read more

Des­pite new billion-​dollar risks: Post­bank rul­ing leaves Deutsche Bank in­vestors cold. Deutsche Bank is threatened with ad­di­tional pay­ments in the billions.

Handelsblatt, 20. Oktober 2017 | Read more

Deutsche Bank: Post­bank takeover could have costly con­sequences. The Co­logne Re­gional Court con­firmed the leg­al­ity of the law­suit and ordered Deutsche Bank to pay the dif­fer­ence. The claims ex­pire on Decem­ber 31, 2017, so former Post­bank share­hold­ers should act quickly.

SPIEGEL ONLINE, 20. Oktober 2017 | Read more

“Takeover by Deutsche Bank: Post­bank share­hold­ers can hope for a second” Ac­cord­ing to this, the takeover of Post­bank AG could be more ex­pens­ive for Deutsche Bank in ret­ro­spect than ori­gin­ally planned.

Aktiencheck, 20. Oktober 2017 | Read more

Deutsche Bank: Co­logne Re­gional Court grants former Post­bank share­hold­ers claims for ad­di­tional payments.

Frankfurter Allgemeine Zeitung, 9. Juni 2017 | Read more

“Bad bonds: de­fault is not al­ways a loss for the tax au­thor­it­ies” A hair­cut means high losses for in­vestors. Just not for tax pur­poses. But not al­ways. Even tax law­yers struggle to un­der­stand the tax authorities.

BILD, 26. Mai 2017 | Read more

“New billion-​dollar trouble for Deutsche Bank: Post­bank share­hold­ers can sue now” The takeover of Post­bank could cost the bank an­other bil­lion euros. Be­cause former Post­bank share­hold­ers are su­ing Deutsche Bank for an ad­di­tional pay­ment on the takeover of­fer from 2010.

Frankfurter Allgemeine Zeitung, 9. Mai 2017 | Read more

“Ship­ping com­pany in dis­tress: de­cision on Rick­mers’ fu­ture is ap­proach­ing” The ship­ping com­pany Rick­mers is in a dif­fi­cult po­s­i­tion. The bond­hold­ers should waive. Not every­one feels that they are be­ing treated fairly.

Handelsblatt, 4. Mai 2017 | Read more (Paid-​Content)

“Scholz AG medium-​sized bonds: crim­inal charges against scrap pro­fes­sion­als” Scholz AG bond­hold­ers have lost a large part of their money. Now the Stut­tgart pub­lic prosecutor’s of­fice is in­vest­ig­at­ing sus­pec­ted in­vest­ment fraud against the scrap recycler.

Die WELT am Sonntag, 16. April 2017 | Read more (Paid-​Content)

“He does ex­ist – the Ger­man share­holder” Por­trait of a small share­holder, in­clud­ing a state­ment from law­yer Antje Radtke-​Rieger on the de­fraud­a­tion of Post­bank share­hold­ers when Deutsche Bank took over Postbank.

DIU Report, 31. März 2017 | Read more (PDF)

“Scholz Hold­ing – Crim­inal com­plaint filed” and “Former share­hold­ers of Deutsche Post­bank AG are su­ing Deutsche Bank AG – Deutsche Bank faces wave of law­suits of up to EUR 1.6 billion”

DIU Report, 27. Februar 2017 | Read more (PDF)

“Ger­man Pel­lets GmbH: Claims against Leibold & amp; Co.?” In­ter­view with Dr. Susanne Schmidt-Morsbach

BILD Deutschland, 21. Februar 2017 | Read more

“Life In­sur­ance – With­drawal Can Bring You Thou­sands of Euros”

Der Spiegel, 18. Februar 2017 | Read more (Paid-​Content)

Ex­pens­ive sub­si­di­ary – Deutsche Bank is threatened with bil­lions in claims for the takeover of Postbank.

GoMoPa, 17. Februar 2017

“Re­voke life in­sur­ance in­stead of can­celing” – those who can­cel give away money

kapital-​markt intern, 3. Februar 2017

Ham­burg Trust: Chaos Man­age­ment is in the vor­tex of justice

GoMoPa, 12. Januar 2017

Scope Rat­ings AG: Com­pla­cency re­port for ZDF dream ship bond?

Handelsblatt, 9. Januar 2017 | Read more (Paid-​Content)

Scope boss Tor­sten Hin­richs – low blow for the rat­ing challenger

Handelsblatt zu René Lezard, 10. November 2016 | Read more (Paid-​Content)

Mini-​Bonds by René Lez­ard – a curi­ous investor’s decision

INDat Report, 5. Oktober 2016 | Read more

Ex­tend an­ten­nas for on­line firestorms – di­gital waves of out­rage dur­ing re­struc­tur­ing and bankruptcy

Handelsblatt about German Pellets, 05. Juli 2016 | Read more (Paid-​Content)

Ger­man pel­lets – ashes to ashes

INDat Report, 29. Juni 2016 | Read more (Paid-​Content)

‘Aus­trian ex­pro­pri­ation num­ber’ of the Scholz bond cred­it­ors – In con­ver­sa­tion with at­tor­ney Dr. Wolfgang Schirp (Schirp & amp; Partner)

manager magazin, 24. Juni 2016 | Read more (Paid-​Content)

At­tack from Amer­ica – Deutsche Bank – US star law­yer Mi­chael Haus­feld is in­volved in Post­bank lawsuits

manager magazin Online, 24. Juni 2016 | Read more

VW-​Schreck co­oper­ates with Ber­lin law firm – US at­tor­ney Haus­feld sup­ports law­suit against Deutsche Bank

INDat Report, 10. März 2016 | Read more

Against cul­tiv­at­ing subtle fears of ad­min­is­trat­ors – In con­ver­sa­tion with the board of the As­so­ci­ation of Com­mon Representatives

spiegel Online, 18. November 2015 | Read more

Lend­ing dis­pute – Post­bank share­hold­ers sue Deutsche Bank

Das Investment, 24. Juli 2015 | Read more

The rat­ing agency is sued for top marks for In­finus mother Fu­ture Business

Versicherungsbote, 23. Juli 2015 | Read more

In­vest­ment fraud – In­finus scan­dal: First law­suit filed against rat­ing agency

Frankfurter Allgemeine Zeitung, 20. Februar 2015 | Read more

New trouble for Deutsche Bank – Did Deutsche Bank play un­fairly when it took over Postbank?

n-​tv, 18. Oktober 2014 | Read more

A wave of bank­ruptcies awaits us – busi­ness with cor­por­ate bonds is risky.

FONDS professionell ONLINE, 14. Mai 2014 | Read more

Fed­eral Court of Justice tightened re­voc­a­tion in­struc­tions for cap­ital investments.

Wirtschaftswoche, 5. September 2012 | Read more

Ship Fund – The old-​age pen­sion is be­ing scrapped.

welt Online, 2. April 2012 | Read more

Real es­tate funds: in­jured in­vestors win against Commerzbank.

manager magazin Online, 25. Januar 2012 | Read more

Fund ini­ti­ator against former board mem­ber – dis­pute over Wölbern’s mil­lion dol­lar pool is com­ing to a head.

manager magazin, 1. September 2011 | Read more

Ex­change rate trap – Swiss franc loans cost in­vestors millions.

Wirtschaftswoche Online, 10. Februar 2011 | Read more

Bank ad­vice – what the new in­vestor pro­tec­tion is good for.

in​Fran​ken​.de, 29. Dezember 2010 | Read more

Me­dia funds – in­vestors de­liver 1100 law­suits with vice.

Die Welt, 28. Oktober 2010 | Read more

“Fund in­vestors have little chance of get­ting compensation”

Handelsblatt Online, 10. August 2010 | Read more (Paid-​Content)

“Un­ex­pec­ted Tax Be­ne­fits: Hope for Film Fund Investors”

Press Review Archive

Older art­icles from the SCHIRP & PART­NER Press Re­view can be found in our Press Re­view Archive.

Press Re­view Archive

News

Rückforderung der Ausschüttungen beim MCE-​Fonds 02

Jetzt ist nach MCE 09, MCE 04 und MCE 05 mit dem MCE 02 der vierte Fonds der Fonds­gruppe, die aus insges­amt acht Fonds (MCE 01, 02, 04, 05, 07, 08, 09 und 10) be­steht, mit Aus­schüt­tung­s­rück­for­der­ungen an der Reihe. In­solv­en­zver­wal­ter der Fonds sind Recht­san­wälte der Kan­zlei Görg. Er­st­mals hat aber nicht der In­solv­en­zver­wal­ter selbst […]

POC 2: AAA-Informationen

Lesen Sie die Ab­stim­mung­sem­p­fehlun­gen des Ak­tions­bundes Akt­iver An­leger­s­chutz e.V. zu den Beschlussan­trä­gen der Geschäfts­führung und neh­men Sie bitte an der Ver­sammlung per­sön­lich teil, oder lassen Ihre In­teressen durch den AAA ver­tre­ten. Quelle: Aktionsbund

Update: Final Report of the WIRECARD Committee of Inquiry

For more than a year, we have been deal­ing with the Wir­e­card col­lapse and its consequences.

Weiter aufpassen bei POC !

Am 2. Juli hat­ten wir an dieser Stelle aus­führ­lich über die ak­tuell laufende Beschlussfas­sung berichtet. Außer­dem haben wir al­len uns bekan­nten An­legern per­sön­lich em­pfohlen, die Beschlüsse abzulehnen. Ob aus diesem Grund oder aus an­deren Gründen: Ed­mund Kock­artz und Klaus Chris­tochow­itz haben bei al­len Fonds (wie es aus­sieht nur nicht beim POC 1) die Beschlussfristen verlängert […]

Mandantenfang bei den POC-Fonds

Die An­leger der POC-​Fonds (Proven-​Oil-​Canada-​Fonds) er­hal­ten im­mer mal wieder Post von Recht­san­wäl­ten, die mit ver­schiedenen Ar­gu­menten im­mer noch für die Ein­reichung von Prospek­thaf­tung­sk­la­gen wer­ben. Weil wir von un­seren Mit­gliedern je­w­eils ge­b­eten wer­den, hierzu Stel­lung zu neh­men, tun wir das hier­mit ein­mal grundsätz­lich. Bei den POC-​Fonds kom­men als An­s­pruchs­gegner die Gründungs­gesell­schafter und die Prospek­theraus­ge­berin in Frage. […]

POC-​Anleger: Achtung Falle!

In den POC-​Fonds (POC steht für Proven Oil Canada) haben An­fang 2017 zwei An­leger (Klaus Chris­tochow­itz und Thomas Ruf) und ein Ver­triebler (Ed­mund Kock­artz) in Zusammen­arbeit mit dem In­solv­en­zver­wal­ter der ka­nadis­chen Beteili­gungs­gesell­schaft die ehem­a­lige Geschäfts­führ­erin Monika Galba gestürzt und einen sog. Re­start in An­griff gen­om­men, nachdem die Fond­san­leger auf­grund der In­solv­enz ihrer ka­nadis­chen Beteili­gungs­gesell­schaft bereits […]

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