De Tullio Law Firm
Martina Franca,#2REBUTTAL Owner of company
Thu, October 10, 2013
Dear Readers,
As a preliminary remark we would like to publish some press articles showing the current status of the development based in southern Italy named “Jewel of the sea”:
It is important to highlight that none of our clients used our services when originally deciding to invest in such development.
At that crucial stage they all used the services of a “different law firm”.
They came to us when they had already signed a preliminary contract binding themselves to purchase the property and having paid, at the time, a substantial deposit.
We have never promised nor suggested to be able to recover the paid deposit since this is only possible through a litigation procedure in the Italian competent Court.
We have been instructed instead to execute a full legal due diligence concerning the development, examining planning permission, the signed preliminary contract and the bank loan guarantee.
If as a result of the above, we had advised to terminate the contract in year 2009, suggesting “not to throw good money after bad”, considering the current status of the development (seized) and the parties involved (allegedly members of mafia and IRA), I don’t think it was a bad advice.
Regards
De Tullio Law Firm