Greenfield Trading to Meet Dubai Action Group

Greenfield Trading to Meet Dubai Action Group

A report in the Sunday Business Post of October 28th 2012 says that a Russian company, Greenfield Trading, is to meet a group of Irish investors in Dubai, represented by the Dubai Action Group, who purchased property through Ennis based Larionovo, which went into liquidation in 2008.

The Russian group paid $70m for a waterside plot in Dubai’s Sports City development but later found out that there was a mosque on the land and it thus couldn’t be developed. The Dubai authorities say the case is closed, but the Russian group claims it has received no refund.

Full piece below (click on image for larger version):

Dubai Action Group to meet with Greenfield Trading

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About diarmaidcondonadmin

Diarmaid Condon is Ireland's foremost Independent Overseas Property Consultant and Journalist. He has been in the industry since 1995 and, in that time, has been a strong advocate for improved legal protection in the sector.

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