In mid july investors in the ELPP-programme (Excel Overseas Lodging Participation Programme) received information from KaloAdvisors based on Cayman Islands. The mayority owner of the Dubai based company Excel Overseas Holdings Ltd demanded (EOH) liquidacion of the mentioned company in a court on British Virgin Islands. New information states that a minority owner of EOH have demanded the court that the parties present more information. This means that the process is going to take time, long time.
LR Lawyers based on Canary Islands offers advice on how to proceed in this matter.