Elysium Laws Success for Foreign Investors
We have been acting for a number of purchaser, most of whom are resident worldwide in relation to a failed investment scheme. The scheme, caused investors to lose substantial amounts of money running into millions of pound in lost deposits when the development failed.
Having obtained our clients’ money, the Sellers solicitor paid away large sums of money to the sellers agents including sales commissions and marketing fees to a seller related company.
Elysium Law brought claims against the former solicitors. Our clients sought to recover the sums totalling several million pounds paid away by their solicitors together with additional losses they had suffered as a result.
The claims against one firm of solicitors settled at mediation on confidential terms. As a result of our involvement, our clients can put this difficult period behind them and consider their future plans once more.
We are still instructed in more sets of claims against various other firms which are ongoing in various other failed buy-to-let developments.
How did the Clients fund the case?
The case was funded under a Conditional Fee Arrangement (CFA) known as a No Win-No Fee.
A CFA is an agreement whereby Elysium Law and you as our client can agree to share the risk of the litigation by coming to a financial arrangement whereby part or sometimes all of the solicitors’ fees will only be payable by the client in the event of success.
Ask us about Funding and we can advise upon a number of options