Saturday, November 7, 2015

BANKRUPTCY COURT CALLS TRAMPOLIN HILLS FOR LIQUIDATION

According to GM Legal Experts, in May "the Bankruptcy Court nº 2 in Murcia has called Trampolin Hills for liquidation (finally!), because the payment proposal (creditors' agreement) filed by a group of creditors has been rejected. The liquidation involves that purchase contracts are automatically cancelled, which is an excellent new for those purchases who were considering to sue depositary banks under the provisions of the 57/68 Act but never requested to Trampolin or to Courts the purchase contract cancellation, given that some courts interpreted that contracts were still in force although properties weren't completed yet." http://gmlegalexperts.blogspot.com.es/2015/05/bankruptcy-court-calls-trampolin-hills.html Also, GM Legal Experts will be organizing meetings in Madrid and the UK about Trampolin Hills and the responsibility of the banks. http://gmlegalexperts.blogspot.com.es/2015/10/view-letter-for-buyers-grupo-trampolin.html

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