I don't think it is as simple as that...as what happens if GS go into Liquidation, but the owning Company in Brazil obtain a License? Are you seriously saying that a major Bank, be it Barclays or anyone esle will say, "oh well it din't work out, you can all have your money back"? I think you are having a laugh, the machinations are with any debt that possession is nine points of the Law and in effect a bank will say that they have costs associated with this isse and so you can only have so much in the Pound back..i.e 25%.
This is all the more reason why the buyer of offplan should beware, as what become clearer here (as mud is) is that whoever these poor investors paid their money to, were not the actual people with the assets and there seems to be a series of intermediate contracts and agreements. Put it like this, would you buy a home in your own country but not knowing who actually owns it? The answer is no, so why be so stupid as to do it 5000km away?
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