Official Line!!
Okay here goes. This is the very latest information on the Gran natal Golf situation. Some of you will be overjoyed and some will be greatly concerned as to how this affects you.
The final license was granted yesterday for Galatea, which gives an indication that the project may proceed. This license has been viewed and inspected by our appointed lawyers and they advise it "appears" to be in order.
The other 3 phases Miltonia, Solanum and Marginata are expected to receive the same licenses over the course of the next 4 weeks. This is an expectation and not a guarantee.
In order for you to be able to execute your bank guarantee, GS must BREACH your individual reservation contract. (ie not have the required license by the time the contract expires exactly 1 year from the date on the original contract) I know for a fact that some contracts have now been breached. In this instance you have a choice as to whether you execute the bank guarantee and claim your refund or whether you proceed with your purchase.
For those of you that reserved at galatea and have a contract that has not yet expired, unfortunately your bank guarantee is no longer valid and therefore it is more difficult to execute a refund as in effect your contract has not been breached.
Please ensure you ALL liase with your lawyers as a matter of urgency now in order to establish your own personal position. We are in a situation where some will obatain refunds through the bank Guarantee and others will see these become invalid as licenses are issued. In this instance if you decide not to proceed to Contract you WILL Lose your deposits.
Please PM on a na individual bassi is I can offer any more advise or something isnt clear.
Thanks
Lisa
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