I hear that there is a new law coming out that is harms investors. I
suggest speeding up of petitions before this retrospective law comes.
The petition needs to go out by this weekend!!!
I'm working on the waterfront case. I urge everyone to work together
and finish off the rest of ther nakheel petition
Will have it ready by this weekend
Cheers
Jay
On 11/03/2009, Rita Kane <
rit...@gmail.com> wrote:
> Hello All,
>
> Today I received this default notice from Nakheel for my Badrah 1 unit.
>
> Has anybody else recd the same? And what should be the next steps?
>
> Just for information sake....all correspondence, contracts, payments are to
> and from Dubai Waterfront LLC. So basically a petition to cancel Waterfront
> must include Badrah
>
> regds
> R
>
>
> Dear Sir/Madam,
>
> Whereas you are in default of your obligations under the Sale and Purchase
> Agreement made between you and Dubai Waterfront LLC in relation to the
> above-referenced property (the “Agreement”) in that you have failed to pay
> installment due on 1st December 2008.
>
> We hereby give you this Notice of Default requiring that you settle the
> outstanding amount due together with contractual compensation within thirty
> (30) days from the date of this notice.
>
> In the event that you fail to pay all the sums due within thirty (30) days
> as aforesaid, we will be entitled to regard the Agreement as being rescinded
> by you with the payments made forfeited in accordance with the Agreement and
> at law in addition to the contractual compensation that will continue to
> accrue.
>
> For any enquiries kindly contact our Customer Services Centre on + 9714
> 3903333 or email at
in...@nakheel.com.
>
> We urge your immediate action in order to avoid termination of the
> Agreement.
>
> Yours faithfully,
>
>
>
> _______________________________
> For and on behalf of Dubai Waterfront LLC
>
> >
>
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