Caribbean property investment 'to pay back cash'

clock

An Essex-based Caribbean luxury resort developer hit by delays has confirmed it will pay back some investors.

Harlequin Property has said it will return any cash they are entitled to, the Basildon Echo reports. Nine investors are involved in court claims filed against Harlequin at the East Caribbean Supreme Court to get back deposits and compensation, plus damages for alleged misrepresentation by the firm. The Financial Services Authority (FSA) previously looked into practices at the business in 2010. Cater Ruck solicitor Adam Tudor, who acts on behalf of Harlequin Properties, said: "I confirm that Harlequin is disputing a number of claims brought by purchasers in the Caribbean but it is o...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Alternative Investments

Democratising finance: Alternatives and the role of financial advisers

Democratising finance: Alternatives and the role of financial advisers

The array of alternative investments is vast

J. Womack
clock 13 September 2023 • 3 min read

Andrew Aldridge: Vaccine roll out sees life science investment prospects shoot up

Andrew Aldridge

Andrew Aldridge
clock 11 March 2021 • 4 min read

Oliver Wallin: Five top tips for investing in alternatives

'Alternatives reality'

Oliver Wallin
clock 01 February 2019 • 7 min read