Austria’s small investors are confronted with a suspected investment crime: the focus is on them Sun Contracting-Gruppe and the Green Finance Group. The Sun Contracting Group is closely linked to the Green Finance Group. Subordinated loan agreements were also sold through green finance. Investors were allegedly promised attractive returns.
Sea Daniela Holzinger from the Consumer Protection Association (VSV) the dubious corporate network is about to end. „Most of the subsidiaries are insolvent, around 20 defendants are being investigated in several countries on suspicion of fraud, breach of trust and balance sheet falsification – and investors are threatened with a total loss,” said Holzinger in a press release.
The Consumer Protection Association (VSV) is now starting a collection campaign to support those affected, to collect their claims for possible lawsuits and to secure their positions in the insolvency proceedings.
Subordinated loans and bonds
“The situation is still largely unclear, investors are unsettled and feel left alone,” explains VSV chairwoman Daniela Holzinger. “But together, those affected are stronger. Our collection campaign brings together interests, creates transparency and thus increases the opportunities for investors.” Postscript: “Private investors who have invested in the Sun Contracting Group through subordinated loans and bonds are particularly at risk.”
The VSV is cooperating in this case Attorney Dr. Maximilian Maier together, which will support affected investors in enforcing and reviewing their cross-border legal claims.
“In insolvency cases like the Sun Contracting Group, it is important to act quickly and carefully examine the legal situation in order to secure financial claims. The cross-border dimension in the Principality of Liechtenstein requires special expertise,” explains Attorney Maximilian Maier.