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Chief Justice - AvW to pay investors
Companies ♦
Published: May 31, 2010; 00:00 ♦ (Vindobona)
The Supreme Court declined a revision. The ruling is regarded as indicative of the current 400 million euro investment scandal.
Chief Justice - AvW to pay investors / Picture: © Vindobona.org
In October 2008 an investor filed to buy back his certificates at AvW and was turned down like many other investors. He pressed charges (claim for damages) and was heard by the Oberlandesgericht Graz - AvW has to pay the investor, as reported by newspaper “Wirtschaftsblatt”. Nonetheless the group AvW appealed to the Supreme Court (OGH one) who rejected the appeal.
Sticking…
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