Hengeler Mueller successfully represents Nordcapital Treuhand against damage claims brought by investors

22. December 2015

Nordcapital Treuhand GmbH & Cie. KG (“Nordcapital Treuhand“), the founding limited partner of the closed-end ship fund Nordcapital Bulkerflotte 1 GmbH & Co. KG launched in 2008 with a term until 2026, has achieved a first success in the legal dispute with investors.

On 14 December 2015, the Regional Court of Hamburg rejected the damage claims brought by three investors against Nordcapital Treuhand. The investors had alleged that the participation prospectus launched for the closed-end ship fund was incorrect and incomplete and had demanded the reversal of their investment. The Regional Court of Hamburg now decided that the participation prospectus was neither incorrect nor incomplete and dismissed the actions brought against Nordcapital Treuhand. The plaintiffs have the right to appeal against the decisions.

With the present decisions, the first three out of more than 30 claims due to alleged prospectus errors have been rejected.

Hengeler Mueller represented Nordcapital Treuhand in the legal dispute. The Hengeler Mueller team included partner Markus Meier, counsel Vanessa Wettner as well as associates Sebastian Rothweiler and Johanna Peters (all Dispute Resolution, Frankfurt).