German Property Group GmbH, formerly Dolphin Capital GmbH: Payment Due

Dol­phin Cap­ital GmbH (later re­named as Dol­phin Trust GmbH and now un­der the name Ger­man Prop­erty Group… GmbH) al­legedly pur­chased lis­ted build­ings in Ger­many. In or­der to fin­ance the pur­chase and de­vel­op­ment of the prop­er­ties they star­ted to take loans from for­eign in­vestors or offered co-​development agree­ments in re­turn for in­terest of up to 15 %. In some cases they offered op­tions to pur­chase.

Ac­cord­ing to the agree­ments with over­see in­vestors which we have seen so far, the in­vest­ments had to be se­cured by land charges. How­ever, the in­vestor was never sup­posed to get a per­son­al­ized land charge in her or his name. Within the con­tracts it was agreed on that a trustee should hold the land charge. Though, nobody has ever seen those land charges. The only in­form­a­tion that was provided de­rives from a trustee and says that the land charge ex­ists.

How­ever, in­vestors must real­ize

  • that re­pay­ments and pay­ments of in­terest come to a full stop,
  • that ac­cord­ing to the Ger­man com­mer­cial re­gister Charles Sme­th­urst already left the com­pany in Septem­ber 2018 as CEO,
  • and that some of the prop­er­ties that should be de­veloped are not owned by Dol­phin or an af­fil­i­ated com­pany but third parties.

If you do not want to con­tinue hop­ing for and wait­ing for re­pay­ment of your loan, we are happy to as­sist you in act­ively en­for­cing your claims.

For fur­ther in­form­a­tion con­tact us un­der dolphin@​schirp.​com.

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