A trial date for the recovery of assets of Joe Ezaz, the former senior partner of a law firm who is accused of misappopriating €9.8m of investors' cash in the Stirling Mortimer Global Property fund, has been set.
The Stirling Mortimer Global Property fund has so far been repaid just €3.5m of the €9.8m its lawyers misappropriated from its Cape Verde cell, leaving a €6.3m hole in the Spanish property vehicle.
A group of 71 investors are threatening to sue law firm ELS International Lawyers LLP over claims its predecessor firm European Legal Solutions SL gave negligent advice on Spanish property investments.
A law firm which presided over the disappearance of €9.8m (£8.4m) from a Global property fund sold through IFAs has been told it must pay back the missing money, a judge ruled today.