For years, HypoVereinsbank is sentenced to compensation because of their highly speculative swaps. The payments to affected customers go into millions of euros.
Payer swap, CCS, CRS CMS, which were the most common varieties of swaps which HypoVereinsbank sold. It must have been thousands of contracts, you can see the numbers of injured clients in recent years.
Again and again, these businesses were touted by the name of currency interest rate management or Active interest rate management. First you have the customer offered low-interest loans variable. In the next step you have the customer then unsettled and told them the interest rates would rise in the future. For this purpose there is a great product. The customers took up because, according to the consultants also no capital was needed to do so.
"Customers realized until years later what has since packed them for risky transactions in the portfolio. As it was already too late and the customers have now often six to seven-figure losses." as lawyer specializing in banking and capital markets law Michael A. Leipold.
The good thing is that the bank has bad maps in court. So HypoVereinsbank has already suffered defeats in Munich, Traunstein, Berlin, Ingolstadt up to the Supreme Court in Karlsruhe.
There are therefore get replaced by the Bank its damage extremely good opportunities. It is important, however, that inhibits the statute of limitations. Especially for business in 2005 through the last day of the absolute statute of limitations. The shops which should expire 2016/2017 customers absolutely as soon as possible inhibit the limitation period.
Specialist lawyer Michael A. Leipold has specialized since 2007 to the successful enforcement of Swap damages and has corporate clients, municipalities and private persons very successfully represented.
Affected bank customers be sure to consult a specialized lawyer for banking and capital markets law.