[Cologne, ] GÖRG Partnerschaft von Rechtsanwälten mbB successfully represented Sparkasse KölnBonn through its Cologne partner Dr. Yorick Ruland in connection with investor lawsuits of the so-called "Oppenheim-Esch-Fonds" concerning the Oppenheim-Esch-Fonds Köln-Ossendorf-Hürth I GbR, which, among other things, leased film and television studios to the former "MMC". The claims for damages asserted by the investors against Sparkasse KölnBonn were also rejected in the second instance, while (former) further defendants had previously concluded settlements with the investors.
Regarding the decision, it was of particular importance that Sparkasse KölnBonn had not taken over the financing of the investments from the beginning. In addition, the 13th Civil Senate of the Higher Regional Court of Cologne had no indication that an obligation to the plaintiffs to point out the possible risks of the fund had already existed by the time the investors joined the fund. The plaintiffs had incurred no causal damage solely through taking over the follow-up financing. Furthermore, there has been no evidence that Sparkasse KölnBonn would have accepted losses of the investors from the outset by the participation in the fund.
Since 2012, GÖRG has provided Sparkasse KölnBonn with comprehensive legal support throughout the entire Oppenheim-Esch dispute via its banking partner Dr. Yorick Ruland.
Advisors Sparkasse KölnBonn
GÖRG Partnerschaft von Rechtsanwälten mbB
Dr. Yorick Ruland, Partner, Banking and Capital Markets, Cologne
Dr. Sven Erdmann, Counsel, Banking and Capital Markets, Cologne
Ernst Wiesel, Department Head of Compliance and Legal Affairs
Dr. Arnd Begemann, Essen
Ole-Jochen Melchior, Essen