Sorry, pardon my ignorance here but what exactly does the 'above deal' refer to?
.... we were supposed to get our currency differential back but this is not looking likely now and kms wont return calls.
kms are not returning calls for the past month, they originally promised to refund the currency differential but are now refusing to do so. all i'm attempting to do is try and get in contact with other investors to see where we can go from here..
they originally promised to refund the currency differential but are now refusing to do so
If KMS are not returning your calls then you need to change approach - either call into their offices or write a letter sending it registered post and request a reply by a certain date. If that fails then you need to take it to a more public forum like Joe Duffy or the newspapers (i'd say the Sindo would be your best bet as Shane Ross might like that kind of thing).
Again, have you contacted BCM to advise you of your rights in this case? BCM were supposed to be working for you as I presume you paid them a fee as part of the deal?
Is this stated clearly in your contract?
Originally Posted by cotton eye http://www.askaboutmoney.com/showthread.php?p=650685#post650685
Is this stated clearly in your contract?
probably not, the contract was a bit like the lisbon treaty.
Do they have enough assets to make it worth while going to court? You can't get blood out of a stone.I would welcome a group of investors getting together to take action to ensure KMS honour their contracted obligations.
I am also one of the 81 investors with KMS in this Manhattan development. KMS sent the commitment to refund the currency difference to me and my wife, in writing. And now they are refusing to answer calls. They did not get as much flak as they should have back in March on account of this promise. And now they are trying to avoid paying it.
I would welcome a group of investors getting together to take action to ensure KMS honour their contracted obligations.
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