Constantia liable for misleading advise to clients

Bank

Constantia liable for misleading advise to clients

16.06.2011

Constantia Private Bank has been sued by an investor for damages based upon insufficient advise and misleading information. The Vienna Commercial Court granted the customer damages based upn the Mifid rules and the Austrian law about the regulation of trading commercial papers (WAG). The investors have been represented by KERRES | PARTNERS. The appelate court decision is pending.