Investor Settles £5.6M Dispute With Law Firm Over Land Deal

Law360, London (May 8, 2019, 1:21 PM BST) -- A bankrupt asset investor has settled its £5.6 million ($7.3 million) dispute with a U.K. law firm that it had accused of dishonestly allowing it to buy allegedly overvalued land in Scotland, according to an order from the High Court in London.

Gibraltar-based Advalorem Value Asset Fund Ltd. and D.B. Holdings Ltd., a company the fund used to buy the land, have reached a confidential settlement with Linder M Realisations LLP, which is in liquidation, Deputy Master Stephen Lloyd said in an order dated May 2.

“All further proceedings in this claim be stayed except for the purpose of carrying the...

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