Investors Chase Property Developer For £32M Over Loans
Law360, London (December 19, 2019, 7:12 PM GMT) -- A property developer being sued for more than £32 million ($41.6 million) by investors in several of his building projects has agreed to provide progress reports on the work and hold off on selling any of his properties or shares connected to the projects without giving notice to the funders.
High Court Judge Antony Zacaroli also postponed a hearing on the investors' petition for a freezing order against property developer Frank Mountain, his company Versant Developments & Homes Ltd. and subsidiaries created for the projects, according to the newly public consent order from the court.
As a result, a vacated December...
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