Private investor signed an investing contract with a developer. The developer was unable to give to the investor documents for the ownership for a real estate object when the contract expired. As it turned out, the developer was in a difficult financial position and the company, which officially signed the investment contract was preparing for bankruptcy.
After examining the investment agreement it was found out that the limitation period of three years was expired and therefore it was impossible to go to the court to protect the rights of the investor. allTax’s team prepared lots of documents to law enforcement and tax authorities, in order to protect the interests of investors. Also, allTax’s team, led by Victor Sereda, conducted difficult negotiations with the developer. According to the results of negotiations there was reached an agreement to transfer to the private investor another real estate property and that was fine for both sides.
Thus, allTax was able to achieve a positive result for the private investor in a real estate dispute for an estimated cost of 7.5 million.