Request for Resources to enable 35,000 account holders to draw down Their Entitlements
The attached “Request for Resources” is the English translation of the document filed with the Frankfurt am Main Higher Regional Court on November 25, 2019 via fax and registered mail (return receipt available upon request).
The purpose of this filing is twofold. First, the requests laid out in the documents are the requirements needed to restart negotiation related to this case. Secondly, the new “debt restructuring agreement” approved by the German Bundestag requires Germany to cooperate in any and all ways necessary to assist in completing the payout process. Their continued disregard of our requests is in direct violation of an agreement they approved nary a month ago. This continued behavior ensures the maximum punitive damages can be sought by the beneficiaries.
It is our understanding that this unresolved matter is causing significant nervousness in both the EU political circles and the international financial markets. Germany has been a significant stabilizing factor of both in the past, but the size, scope and handling of this case poses an enormous unknown financial threat. Something that terrifies both politicians and bankers.
To repeat the last line of our request “We will not stop until justice is done.”
This press release is being distributed to over 4,000 media outlets, rating services and political representatives of Germany, European Union, United Kingdom, USA, Australia and New Zealand.
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