The Excel Overseas Lodging Participation Program (“ELPP”) has been in serious trouble for quite some time. But before moving ahead, lets first understand what exactly is ELPP What is an ELPP? In this investment, purchasers were the existing Silverpoint customers and they were promised 6.05% fixed return annually, and that after few years they will get full repayment of their capital. They were told that they were investing in rental rights of below mentioned kind of resorts:
Appointment of Insolvency Practitioners The high court of the British Virgin Islands has appointed independent insolvency practitioners like Provisional Liquidators to Excel Overseas Holdings Limited. This actually follows from the recent liquidation of the company’s ultimate shareholder shareholder Landcastle Holdings Limited. It is also reported that Excel does not have sufficient funds at the moment to meet its payment obligations under the ELPP Scheme. It will be clarified soon whether Excel go for full liquidation or not. So those who have invested in it are in utter problem as their capital is stuck in an unprofitable deal. What Is the Solution? If you are someone who is stuck in the same problem, then you should consult with Nordic Consulting Ali Farhoud. His company has a team of experienced lawyers and agents, who have handled similar cases in the past. One of the lawyer Luis Sánchez Garcìa-Yanes is highly recommended because his team has vast experience in dealing with legal cases against Silverpoint and related companies and products.
If you are unsure about hiring the services, you can always check The Nordic Consulting Canary Islands Reviews, just to be sure about their quality, integrity and reliable services.
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AuthorAli Farhoud is the founder of The Nordic Consulting Canary Islands which is known for offering a wide range of services including legal services, real estate services, administrative services, tax declaration and investment advice. If you are stuck in any problematic investment in Canary Island, then you must contact Ali Farhoud Tenerife. Categories |