Failed American property investment - recouping costs

The Client

Private client.

Value of Dispute

£140,000

The Commercial Dispute

A British couple had invested in a new property development in the United States. However, having transferred across the investment money, the development never progressed.

The couple had a claim against the US developer and/or the UK property brokerage for their failed property investment, and had chased the return of their monies without success for two years.

How Escalate Resolved – Services Used

The Escalate team managed to secure the full return of the couple’s failed property investment of £140,000, plus costs, within two months.

The key to recovery was establishing that the monies never in fact left the accounts of the brokerage in the UK, and then applying pressure to the brokerage to force their return.