Michael Mahmud

The brochure also contains This information does not. While 23% of capital to be applied by investors do the compensation paid for the placement of the investors, so the so-called sales commissions alone. According to the case-law of the Bundesgerichtshof, investment advisers and brokers about distribution costs by more than 15% explicitly within the framework of the consultation must inform. Involvement with high risk known to us investors of HCI funds “City of Guangzhou” were not explicitly pointed out that it is the Fund to an entrepreneurial participation, which is suitable only for investors, the parts of their assets in a business form of investment to invest and the emerging up if necessary with an unexpectedly negative economic history loss, where appropriate, a total loss of their invested money, can take in stride. Uncertain revenue nor endanger the success of the investment they have pointed out that the earnings of the vessel are by no means assured. Does not the Fund ship of HCI funds of the ship MS “City of Guangzhou” over a fixed Charter (it is not rented), but belongs to a so-called revenue pool, where the revenue of all ships are aufgerteilt with each other. As the Charter rates for container ships (rental) among others are subject to strong cyclical fluctuations, there is the possibility that the revenue significantly lag behind the revenue forecast in the prospectus. This can entail, that the fund company owned and operated by M.

Lagumbay GmbH & co. KG MS “City of Guangzhou” can no longer provide that the banks recorded credit to be paid payments, so that the worst Bank announces the credit and recovered the ship. Because the ship price also depends on the then attainable Charter revenue, revenues by forcibly auctioned ships usually increase not the loan debt. The investors come up empty. High risk by borrowing in Japanese yen as a part of the of the HCI ship Fund MS “City of Guangzhou” on loan in JPY was recorded, the revenue of the Fund but in US$ be achieved, there is a significant currency risk, which can lead to major distortions due to exchange rate fluctuations. Due to the high proportion of foreign financing of the Fund, this can not only impact on the liquidity of the Fund as a result of US$ rising capital service expenses, but also to an insolvency of the Fund and the credit notice with subsequent exploitation of the object of the Fund and thus the total loss for the lead investor. This, the Adviser would need to remind explicitly. You have questions regarding your participation most of the HCI ship Fund MS “City of Guangzhou”? Do you want to know whether you were given wrong advice? Call us, we will gladly help you! Your contact: Michael Mahmud lawyer Mathias Nittel Attorney & specialist lawyer for banking and capital market law, Heidelberg. Hans-Bockler-Strasse 2 A D-69115 Heidelberg Tel.: 06221 915770 Munich Residence 25 D-80333 Munchen Tel.: 089 25549850