Investors Chase Property Developer For £32M Over Loans

Law360, London (December 19, 2019, 7:12 PM GMT) -- A property developer being sued for more than £32 million ($41.6 million) by investors in several of his building projects has agreed to provide progress reports on the work and hold off on selling any of his properties or shares connected to the projects without giving notice to the funders.

High Court Judge Antony Zacaroli also postponed a hearing on the investors' petition for a freezing order against property developer Frank Mountain, his company Versant Developments & Homes Ltd. and subsidiaries created for the projects, according to the newly public consent order from the court.

As a result, a vacated December...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!