Why the client needed our help
Our client, a private individual, had invested substantial funds into a property investment scheme following the sale of her house the previous year. She intended to use the funds to purchase a new home and, after assurances from the investment company that funds were being sent to her, she exchanged contracts to purchase her new home. Just before she was due to complete, she was told that the funds were not available because the investment provider had moved them “offshore”. This risked her property purchase falling through because she didn’t have the funds to complete.
How we helped
Having been instructed just a week before our client was due to complete, we petitioned to wind up the investment company, which turned out to be unregulated. We put vast pressure on the investment company in doing so and in warning them that, if our client’s house purchase fell through, the claim against them would be significantly greater.
The outcome
After some to-ing and fro-ing, the investment company repaid our client her full investment, just in time for her to complete the purchase of what she described as her dream home. She also received payment of her costs. Needless to say, our client was over the moon.
One of the most astute appointments I have ever made.
A happy client
