Elysium Law appointed to act for Buyer Co Directors in failed Paramount Development
Following the disastrous failed project known as the Paramount Liverpool, which was being built on the site of the former Odeon Cinema London Road Liverpool, Elysium Law have been appointed to act as legal advisers to the Buyer Company known as Pinnacle Student Buyers Limited.
Presently we have been instrumental in the appointment of the Law of Property Act Receiver David Currie Consultants Limited.
Instructed to assist with aspects of the sale and to advise the LPA Receiver, we are currently liaising with over 300 clients worldwide through PSBL. Upon sale the investors will be further advised in respect of te legal aspects of the investment and the return of at least some of the funds used by Pinnacle Student Developments Limited, who are just one of the many failed Pinnacle Companies whose investments were predominantly aimed at the Chinese Community in Hong Kong.
We will keep all interested parties updated as matters unfold.