The opening of insolvency proceedings against the assets of an institution inevitably results in the withdrawal of its license to provide any kind of financial services – see BaFin’s Annual Report 2008, p. 139 (practical case).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/