A lawyer for a bankrupt German shipping fund says he expects a court to turn down an appeal for damages from investors.
Jochen Boning of Ahlers & Vogel, which is representing HCI Group, said there was no special advantage in the original prospectus for founders of the fund.
The case of the five-ship HCI Shipping Select XVII fund has been sent back to Hamburg Higher Regional Court (OLG) by Germany's Federal Court of Justice (BGH) in a rare decision that gives hope to some of the 1,700 investors...
