{"id":15981,"date":"2017-12-20T09:31:52","date_gmt":"2017-12-20T08:31:52","guid":{"rendered":"http:\/\/85.214.53.239\/disclaimer\/"},"modified":"2017-12-20T09:31:53","modified_gmt":"2017-12-20T08:31:53","slug":"disclaimer","status":"publish","type":"page","link":"https:\/\/i-c-m.de\/en\/disclaimer\/","title":{"rendered":"Disclaimer"},"content":{"rendered":"

Usage right for contents and layout<\/h2><\/div>
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Usage right for contents and layout<\/span><\/h1>\n
The content and the layout of the website, including the underlying software, are subject to copyright and otherwise protected. The (complete or partial) reproduction, transmission, modification, or linking or use of the website for public or commercial purposes without the written consent of the ICM InvestmentBank AG is prohibited. This document is not directed to persons or companies domiciled and\/or maintaining branch offices outside Germany, particularly in the United States of America, Canada, United Kingdom, and Japan.<\/div>\n<\/div><\/div><\/div>
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No solicitation to buy or an offer to sell<\/span><\/h1>\n
The websites’ only purpose is to provide the authorized user with information; they neither constitute a solicitation nor an offer to purchase or sell securities, futures contracts or other financial instruments.<\/div>\n<\/div><\/div><\/div>
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Investment recommendation<\/span><\/h1>\n
The publications on the websites of the ICM InvestmentBank AG, do not constitute any investment advice to the individual customer and consequently, they do not constitute any recommendation to buy or sell a security, future contract or any other financial instrument. They may not be fully or not at all suitable to individual investors, depending on their investment objectives, targeted holding period or the individual financial situation. The ICM InvestmentBank AG gave the recommendations and opinions in this document by the best of its ability and judgment; they correspond to the status at the time the document was produced and can be subject to change due to future events and developments. This document constitutes an independent appraisal of the relevant issuer or security by the ICM InvestmentBank AG; all evaluations, opinions or explanations contained herein are those of the author of the document and do not necessarily correspond with those of the issuer or third parties.<\/div>\n<\/div><\/div><\/div>
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Liability for content and information<\/span><\/h1>\n
The documents\/information provided are exclusively intended for information purposes and shall be no substitute for an individual consultation. An investment decision regarding any securities, futures contracts or other financial instruments should only be made on the basis of a consultation and on no account on the basis of these documents\/information. The documents\/information can be updated with new developments without the necessity of updating these documents\/information. The ICM InvestmentBank AG has obtained the information on which this document is based from sources that are considered reliable, but has not, however, verified all of these documents. Therefore, the ICM InvestmentBank AG and\/or her respective affiliates expressly exclude all warranties or representations regarding the completeness or accuracy of the information or the opinions contained in this document. The ICM InvestmentBank AG cannot accept any liability for losses caused through the distribution or use of this document nor with any connected use of the distribution or use of the document.<\/div>\n<\/div><\/div><\/div>
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Risks<\/span><\/h1>\n
The purchase of securities, a futures contract or any other financial instrument bears certain financial risks. Any price targets shown for companies discussed in this report may not be achieved due to multiple risk factors, including, without limitation, market volatility, sector volatility, corporate actions, the state of the economy, the failure to achieve earnings and\/or revenue projections, the unavailability of complete and accurate information and\/or a subsequent occurrence that affects the underlying assumptions made by the ICM InvestmentBank AG, or by other sources on which the ICM InvestmentBank AG relied upon in this document. The ICM InvestmentBank AG may also have published other research about the company during the period covered that did not contain a price target but that discussed valuation matters. The price targets shown should be considered in the context of all prior published research as well as developments relating to the company, its industry and financial markets. By accepting this document, you agree to be bound by the aforementioned limitations.<\/div>\n<\/div><\/div><\/div>
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Applicable law and jurisdiction<\/span><\/h1>\n
The terms of use of the ICM websites is subject to the law of the the Federal Republic of Germany excluding the applicability of the international private law. Legal venue is Berlin.<\/div>\n<\/div><\/div><\/div>
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