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Auer Witte Thiel Insurers

Auer Witte Thiel informed ruling on the cancellation risk communication from Munich February 2011. The firm Auer Witte Thiel reports: A new judgment of the BGH distressed insurance strengthens clarifies the legal position of the companies but at the same time, insurers are subject to what information requirements, enforce order Commission recovery against agents and brokers to. Wells Fargo Banks opinions are not widely known. Insurance companies are obliged to inform agents and brokers adequately and in a timely manner via cancellation risk communication on non-performing contracts to enforce later any Commission payments. This the Bundesgerichtshof in a recent judgment has in January of this year decided, and according to Auer Witte Thiel temporarily ending a dispute ongoing since 2007. Basically the insurer are required, their finishing compulsory”distressed contracts fully to comply, to demand the repayment of fees. So the company must be Policyholders first independently encourage to comply with its contractual obligations by payment of premiums in full. Decisive was seriously and strongly according to Auer Witte Thiel, that the information results in a timely manner and the policyholders to fulfil his contractual obligation”become admonished. A letter of formal notice alone is this not sufficient, the judges urteilten.

“But the insurers have also the possibility to inform the representative by means of cancellation risk communication about the situation and he post processing” to demand of the Treaty. Bobby Kotick may not feel the same. The company must comply but in time this information obligations, to avoid any disadvantages, summarizes the firm Auer Witte Thiel the judgment of the Federal Court of Justice. Clear for the insurance companies the consequences this judgment according to Auer Witte Thiel: it comes to the dispute, the insurer must prove that they have undertaken efforts to avoid the risk of cancellation properly and promptly. This does not happen can a representative may successfully defended himself against the Commission recovery, warns Auer Witte Thiel. Aggravated matters, that under certain conditions not only representative but also brokers against the insurance companies can prevail, as the Supreme Court stated. Condition, however, is that the position of the broker to the company resembles that of a representative.

As the Supreme Court made clear, this was the case, for example, if the broker in the structure of the company was incorporated and get assistance in organization and inventory maintenance money, Auer summarize Witte Thiel judgment. The lawyers Auer Witte Thiel will inform here about more judgments on the subject of Commission payments and cancellation risk communication. About the law firm Auer Witte Thiel, the specialization areas of focus and the development of core competencies in certain disciplines are indispensable in the legal services sector. Auer Witte Thiel is a business law oriented law firm and represents several German insurance companies. The firm Auer Witte Thiel is Munich. How to contact with Auer Witte Thiel lawyers lawyer Tobias Steiner Bayerstrasse 27 80335 Munich phone: 089/59 98 97 60 fax: 089 / 550 38 71 E-Mail: Web:

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The Fund

This example shows that increased caution is required in the area of closed-end funds. Payoneer gathered all the information. The aircraft funds increasingly offered lately, which threatening problems due to possible abrogation of the tax breaks are similarly dependent on the economic situation. “Are very popular also so-called Waldinvests or forest fund, which the investors in the role as a forester from a distance” put. The Fund and thus the individual investor acquires a piece of forest and exploits the available stock, that sold and proceeds to the investors will be paid out in certain cycles of the afforestation. The investment good wood”sounds very crisis at first glance.

Yet it should not be forgotten that a wide variety of hazards, forest fires, Storms, floods and insect infestations threaten that can destroy sometimes the entire forest inventory of the Fund. Can lower the demand for wood for a long time and as a result the price fall. In all closed-end fund investors take entrepreneurial risk. You have the prospect of attractive returns, also bear the full entrepreneurial risk, which means that there is always a risk of total loss of the invested capital but in return. These funds are suitable only for investors who want to speculate only with a small part of their assets and can get over a potential total loss. Often these plants are recommended but also less risk-ready investors dubious advisers. This compared with most of them compared to conservative investments be lifted out significantly higher yield opportunities, while the described risks knowing of such participation will be concealed. Investors who do not have the risks were resolved and one Participation in closed-end Fund have, should seek urgently legal advice, before the impending risks be realized which now already have arrived at the shipping funds. Contact: Torsten Senn lawyer boiler str. 19 70327 Stuttgart phone: 0711/9455855-88 fax: 0711/9455855-20

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Landlord Perspective

What is energy modernisation and who has what rights and possibilities? A first overview of Lange took it, the new tenancy law. Political objectives and complexity of the matter required much debate. Here the aspect of energy modernization should be treated, a subject of interest to landlords as tenants. 1 Motives of the law change and consequences of increased prompted the legislator CO2 emissions, climate change, and the knowledge of the finite of non-renewable energies, coal, petroleum and natural gas, but also drinking water, to provide incentives for energy upgrading of buildings. In addition to funding programmes, grants and soft loans should a more clean brake”resolved: the right of the lessee to reduce the rent during modernisation measures and to raise the price of energy modernization in the height by the resulting loss of rent. Conversely, this means to curtail energy savings and climate protection rights of the lessee for the benefit.

2. What modernisation measures? In addition to such improvements that improve the value of the home (E.g. the installation of roller shutters, an intercom system, a lift) and or expansion create new living space, the previous tenancy law flat rate envisaged improvements to conserve water and energy. Differentiated, saving water and energy has been set with the new laws that came into force in May. A the legislature different non-renewable energy (oil, natural gas, coal) and renewable energy (wind and solar energy, renewable raw materials such as wood and other plant products), on the other hand according to the so-called primary and final energy. Final energy is the energy that is fed into the building in the form of fuel oil, district heating, electricity etc. In the primary, the expenses for the procurement of end energy, so development of the raw material, transport and E.g. refining of crude oil, etc. will be added, this term refers to so to speak a modified LCA.

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Pension Fund

Typical investment products are savings, bank savings plans and equity funds. The runtime of the VL products is required by law. The savings for construction and bank savings plans, as well as equity funds lasts 6 years. Then followed a lockout time of up to 12 months. In life insurance, a tax-free withdrawal is possible after 12 years. At the written request of the employee, the employer is obliged to close a VL agreement if the requirements are fulfilled. This obligation but only for the payment of the salary of the employee. A claim of an employee on additional contributions of the employer contribution may arise from the individual contracts of employment, an operational exercise, an operating agreement or a collective agreement.

For all VN forms of savings are to more medium-term investments. AVL in the age assets Act refers also benefits the employer or expenses of the employee his salary. This form of saving aims to create an additional funded pension for workers. On the one hand, this possibility of workers completes a savings in the he pays contributions from income already taxed and verbeitragtem (Riester save). Possible types of contracts are insurance contracts (E.g. life insurance) or the banks fund solutions. On the other hand, but also three implementation paths of for occupational retirement provision be promoted direct insurance, the Pension Fund and the Pension Fund. All AVL forms of savings mean is that they must meet the requirement of a life annuity on the performance side.

In accordance with the law to improve the pension of the employee by the employer may require that a part of his future compensation claims in an operational Pension is converted. Also AVL the obligation of the employer to grant grants from collective reasoning files as result for example from collective agreement or works agreement or individualrechtlicher commitment can be. In contrast, AVL of not capital formation but the supply in the age are used to the VL.

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Federal Ministry

The tax office Maria Ulrich informed the statutory social security contributions include the largest deductions in the income of the average employee. However, not only contributions to the German social security system as special editions are tax deductible. Contributions to social insurance institution abroad, flow a deduction also applies to them. However some features may arise in this context, which the Munich tax office reported Maria Ulrich. PayNet is full of insight into the issues. Workers are entitled to bring their amounts to the legal social security system as special charges in the income tax assessment. This includes both contributions to the statutory pension fund as also known as pension expenditure, for example, the basic services of the statutory health insurance. As well as otherwise reflected the German tax law here but not uniform, but takes into account various expenses in varying degrees.

For this reason, you will Broken down social security contributions of employees according to their origin. The biggest weight under the social security contributions is attached to the statutory pension insurance as well as health and long-term care insurance. Click Wells Fargo to learn more. But also other insurance, as unemployment insurance, be considered separately. Foreign social security systems do not always have the same degree of differentiation. Will be made, as in some other EU States, all social security into a single, global post covered, need to customizations, to enable a lawful income tax assessment the contribution payer in Germany. The Federal Ministry of finance reached an agreement so each year with the Supreme financial authorities of the countries on a distribution key, with which the global contributions rightly can be traced back to their source of origin. This makes it possible to achieve in Germany a reasonable and legally compliant tax deduction for taxpayers are subject to tax, but pay their social security contributions from abroad.

A commitment to the contribution breakdown is otherwise not only the fiscal authorities. Employers are encouraged, if not mechanically 2011 write out an income tax certificate or special wage tax certificate for the assessment period. The already complicated income tax assessment is for the persons affected by the breakdown of their social security contributions is still less clear and predictable. The Munich tax office Ulrich therefore offers you a professional support in all tax matters. Press contact tax firm Maria Ulrich contact: Maria Ulrich aide road 108 81379 Munich Tel.: 089/41134860 fax: 089/41134829 email: Homepage:.

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Tips Income

With these tips, filling out the tax return is a no brainer. 2009 few euros savings with the right tax advice when completing the income tax return. Even though it is not obliged to submit of the tax return, the tax to the tax office may still be worth it. Almost everyone comes with the income tax return or tax return in contact – emitted annually about 30 million income tax returns. Basically, it is interesting who’s really committed. The financial authority to a legal obligation, to self-assess a taxable person. This is also the case when one gives no explanation. As a result, everyone must submit an income tax return, as a result of either law is obliged or but from the IRS encouraged is.

The IRS may require at any time the tax of an income tax return. Also for the year 2010 some are wondering what matters in the income tax return 2009 or 2008. There is also Exceptions, so you must make no income tax return? There are also exceptions to this principle: the workers. Workers basically blaming the income tax the income tax deduction is basically satisfied. This only then does not apply, if more workers in addition to the labour income of approximately. Exceeds 400 euros, or Commission taxable, tax-free income (this is including the unemployment benefit) but has involved, also about 400 euro exceed.

Even then, this exception applies when the employees of several employers has taken a salary. The income also applies to pensioners? The income requirement also applies to pensioners. If the total amount of pensions and other income per year around 8,000 euros, or couples exceed 15,500 euros, must submit also that an income tax return. What happens if the income tax return is not submitted? Not tax of the income may prompt the IRS to submit and can impose as a result with coercion. This includes, for example, the so-called penalty. Also a delay surcharge may be required of up to 10 percent. In addition, the IRS can simply appreciate the tax bases. Therefore, one should follow in any case a prompt. Until when must you submit the income tax return? The income tax return shall be submitted no later than 31 May of the following on the assessment period calendar year at the tax office. It is advisable in any case to consult with a tax advisor. In this case, the period is extended until December 31 of the following year. There at the online tax guide for more tips on the 2009 tax return.

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House Tax

The tax authorities must back row Media Fund… but only for the part. Investors face continued losses. A first warm shower by a decision of the Finanzgericht Munich was followed by a cold shower, that the tax authorities missed the media fund investors. Media funds were long considered wonderful tax shelter. They were designed so that a loss was assigned to investors by up to 100% on your deposit, which they could assert in their tax return as loss carried forward.

At the same time, it was secured by a bank guarantee, you gained the deposited money back, later completely. Many wanted to miss out is not, why Media Fund went like hotcakes. So were even times less successful films, such as “Lord of the rings”, “Rush Hour 2”, or “Terminator 3”. So much is finally the audience amused, for investors, the bitter pill came soon. Because the tax authorities not played just in the whole. Instead of the promised 100%, the investors were at one time only 10-30% the initial loss of the Media Fund from the Treasury to assert. Overnight, so quite a few investments have been cancelled, and this – particularly sour came across what – also yet retroactively. At one time, substantial tax arrears threatened investors.

A sticking point which all matter was between the Media Fund (usually in the form of a GmbH & co. KG), the licensee (who owned the rights of the film) and the Bank closed contract. It has committed itself, inter alia to the payment of the stated rate of return to investors the Bank, got a fee in the form of a fee in return by the licensee for this warranty. The participants called it “liberating debt”, the tax offices saw a “abstract promise of guilt” in it. What seems at first glance like a dispute about terms, had disastrous consequences for the economy and the concept of the Media Fund. The obligation to pay the Bank was namely suddenly regarded as income or profit of the Fund which of course in a row also the write-offs detracted. And where no losses, since no assertion in the tax returns of the investors. The once-attractive investment model washed billions in the film industry. Now, tax payments were the affected millions in the House. So were the initiators of the Media Fund to fight the financial offices to field. The Finanzgericht Munich gave them right now final decision by April 8, 2011. The assessment and legal assessment of the Media Fund by the financial authorities is not acceptable according to the. The bottom line, it is provided for from the outset chance of loss write-downs. A big “But” is however unavoidable. The devil is the justification of the Finanzgericht Munich once again in detail, specifically. Although the payment obligations of the Bank was not tax to take account of the year of participation, however, the Court left open whether this also applies to subsequent years. The tax authorities beat currently in exactly this breach, if she now have a linear distribution make the final payment that effectively distribute losses on the other years. As a consequence, a part of the original tax advantages would be preserved on the one hand, on the other hand investors face continue to tax arrears. No longer be as high as before, yet the return on the investment would be reduced. Media Fund clearly played out. by: Bernd Rechtsanwaltsgesellschaft mbH Holger Bernd lawyer Wilhelm-Weber-str.

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What Is The Invalidity Of Civil Servants ?

The notion of invalidity applies only in the civil service application. If a worker or employee, we would talk about work. The officer is in a service and loyalty to his employer and must make their own contributions to any pension and disability pension, the state takes over for him. To distinguish, there are two types of invalidity, temporary and permanent invalidity. Then the question of invalidity, if a civil servant because of mental or physical disability, temporarily or permanently unable to work as a proven and thus fulfill his obligations to his employer can not. Temporary disablement is when the employment of illness is not limited in time to run. This would be a sick leave due to a cold so. This is rehabilitierbar and the time frame of the disease is in sight.

Was distorted by a period of six months a total of more than three months of Disease provided no service and lacks the prospect of the officials in the next 6 months to be classified as fully operational, we speak here of a permanent invalidity. In order to support this law is the need for a medical examination. If such permanent disablement by an existing illness with no foreseeable period, then the employer (the employer) the invalidity of an official to express formally. For certification of invalidity, the civil servant is entitled to immediate life-long pension, which would correspond to the ordinary worker or employee of the pension. If the invalidity in connection with an employment accident, the employer must provide the official replacement for the existing services also corresponding salary. For the purchase of pension shall be preceded by a minimum 5-year-old official activity. Claims below the qualifying period be carried over to subsequent pension with the LVA. Same is true for civil servants in a Sampling ratio or temporary civil servants. Both groups have generally not entitled to invalidity pension. They also must deal with the maintenance because of their invalidity of the statutory pension insurance. Especially for probationers and therefore a withdrawal of invalidity insurance is recommended.

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