Quote:
Originally Posted by Dotty
Now if people paid into GS Brasil as quoted by JMB and they are not in the 1st stages of bankrupcy(spanish law)here in Brasil does that mean they can get their deposits back anyway ?
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Dotty
I would love to be able to post the entire reservation contract here but for legal reasons i am unable to.
The points are as follows:
1. The contract is between the buyer and Sanchez Spain. Monies were paid into their Spanish Bank Account.
2. The Contract is written under Spanish Law and quoted to be created in Manresa (GS Spanish HQ) albeit "on behalf of" entity RN BRASIL INVESTIMENTOS IMOBILIARIOS LTDA. The remainder of the contract is between GS Spain and the buyer.
3. The bank guarantee is backed by Barclays Spain.
The main point however is that as per EVERY other posting over the last 2 weeks from me regarding this issue. NO the clients cannot just claim their refund NOW. They have to wait until the contracts expire and GS breach the contract by not obtaining the license. It is irrelevent as to whether the contract is with GS spain or GS brazil.
Repeating myself yet again!!!