German Property Group GmbH threatens investors with insolvency

Ger­man Prop­erty Group GmbH (formerly Dol­phin Cap­ital GmbH) has re­cently sent a let­ter to its in­vestors ur­ging them to provide de­tails of their in­vest­ment. It also threatens to file for bank­ruptcy if they do not agree to re­struc­tur­ing the com­pany, i.e. ask­ing the in­vestors for a morator­ium and selling it to a con­sor­tium.

We strongly ad­vise our cli­ents not to sign and re­turn any doc­u­ments to them!

All in­vestors rep­res­en­ted by us can rest as­sured that Ger­man Prop­erty Group GmbH is fully aware of their in­vest­ment. We have served them with your claim and in­vest­ment de­tails.

In its re­cent let­ter (see it here), Ger­man Prop­erty Group GmbH states that there are “other im­ple­ment­a­tion prob­lems that are partly the reas­ons for the cur­rent situ­ation” but con­firms that it is cur­rently li­quid and there­for prefers to re­struc­ture the com­pany.

To us it seems as if they have blindly col­lec­ted in­vest­ments in the past and never es­tab­lished a proper ac­count­ing in com­pli­ance with the law. This also raises the ques­tion what the ad­vising com­pany CFE Ltd is do­ing as they can’t be aware of the total in­vest­ments at stake.

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

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