Parque da Floresta advice to owners
- Created on Monday, 21 May 2012 09:27
Parque da Floresta's three operating companies have been declared insolvent by the court in Lagos. Trade creditors have until the 25th of May to register.
The website, Overseas Property Professional, commented on May 16th 2012 that:
Three of the companies developing the Parque da Floresta project near Lagos in the western Algarve have been placed into administration, leaving buyers facing huge and unexpected problems and losses.
The Parque da Floresta developments are part of the Vigia group. The project is divided into a number of sections, each run by a separate company within the group. The three companies placed in administration so far are holding company Vigia SGPS, unit seller Quinta da Colina and Golfe de Sto Antonio, a company who sold the golfing rights, OPP understands.
People who have claims must file their claim to any assets with the administrator before 25th May 2012. If they fail to do so, they could lose all their rights.
Rosemary de Rougemont, the lawyer representing most of the major creditors and each of the associations of property owners, said, “People who have bought property should check their title deeds and Certificate of Registration.” “If they have a Certificate of Registration their property is safe. If they do not they must make a claim to the Administrator. Even those with Certificates of Registration may need to make claims. Many people have golfing rights, which are not registered at the Land Registry. These will need to be protected by a claim.”
“Others have contracts where the developer has promised to finish certain works (such as the construction of a road). These rights, too, need to be protected. So do any other contractual rights against these companies,” she added.
If you have clients who have bought at Parque da Floresta we suggest they contact Neville de Rougemont (www.nevillederougemont.com) at either their London, Lisbon or Algarve offices or email n.derougemont@ndr.pt.
Alternatively, they should urgently take alternative legal advice.
http://www.opp.org.uk/news-article.php?id=6513
The official Tribunal notice is as follows:
_____________________Tribunal Judicial de Lagos
1º Juízo
Av. dos Descobrimentos - 8601-852 Lagos
Telef: 282092170 Fax: 282092199
Mail: lagos.tc@tribunais.org.pt
INFORMAÇÃO (Artº 38º nº 3 b) do CIRE) Processo: 612/12.0TBLGS Referência: 2456801 Insolvente: Quinta da Colina - Sociedade Urbanizadora, SA, Endereço: Vale do Poço (Parque da Floresta), Budens, 8650-060 VILA DO BISPO
Administrador da insolvência: Drº. Artur Bruno Vicente, Endereço: Avª. Praia da Vitória, Nº. 57-5º. Esqº., 1000-246 Lisboa
Fiduciário: Publicidade de sentença nos autos de Insolvência acima identificados No Tribunal Judicial de Lagos, 1º Juízo de Lagos, no dia 27-04-2012, às 14:00 horas, foi proferida sentença de declaração de insolvência do devedor: Quinta da Colina - Sociedade Urbanizadora, SA, Endereço: Vale do Poço (Parque da Floresta), Budens, 8650-060 VILA DO BISPO, com sede na morada indicada.
Para Administrador da Insolvência é nomeado: Drº. Artur Bruno Vicente, Endereço: Avª. Praia da Vitória, Nº. 57-5º. Esqº.,1000-246 Lisboa O prazo para a reclamação de créditos foi fixado em 30 dias.
Os prazos são contínuos, não se suspendendo durante as férias judiciais (nº 1 do artº 9º do CIRE). Terminando o razo em dia que os tribunais estiverem encerrados, transfere-se o seu termo para o primeiro dia útil seguinte.
