Hi, I have just joined this forum today, essentially to post my question. My partner is one of the many unfortunate investors who had invested in plots at Palma do mar – (currently all infrastructure work is on hold pending money laundering investigations re Greenland securities).
He has recently been contacted by a law firm in Brazil – Peixoto. They have advised that he hire them to file a court action to receive a refund of the money invested, plus interest and monetary restatement (whatever that means!). They have advised that the case can take up to 2 years if not more.
I am wondering what to do. The fee they are quoting is fairly high $4000 (to be paid upfront) and then a further 20% of the monetary benefits that he may receive as a result of the court action. We are inclined to do nothing as we can’t see how the Brazilian courts will be able to award any compensation from assets that are currently frozen. However as we both are very inexperienced in cases like these I was wondering if anyone has any advice or experience they can share.
Many thanks