05 Apr 2008 10:42 AM:
I received the same message from my solicitor, as yet nobody has been able to fully explain the situation.
If investors have completed an agreed a snagging list how is the situation resolved if the developer is insolvent?
The PPC had a clause that awarded investors a 25% return of their investment if they did not complete. I'm not sure how you would be able to exercise this clause with an insolvent developer.
Community thread:
Legal advice??
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