UKLI Limited (In Liquidation)
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Frequently asked questions in relation to Regents Land
Q: I purchased my plot from a company
called
A:
Unless
a Court orders otherwise Regents Land legally owned the land sold to Regents
Land Investors and continues to own the land it has retained in each
development being land at either:-
1.
Earl Shilton
2.
Finchampstead
3.
Reasby
4.
Q: Are the Liquidators dealing with
A: At
present the Liquidators of UKLI (and any member of Deloitte's staff or their
advisers) have no legal authority to deal with the affairs of Regents or its
investors, this includes the signing or locating of TP1 or TR1 land transfer
forms. Any claims investors believe they
have against
Q: So who should I contact at
A:
We
appreciate that any telephone numbers for
APARTMENT
2804, AL MAJARA 1, DUBAI MARINA, DUBAI, 502901, UAE or his solicitor Collyer
Bristow, 4 Bedford Row, London WC1R 4DF.
Ref: GKR/DPG.
At
present
Q: I purchased my plot from
A: Yes, if
you have completed your purchase you will be the registered owner of a plot of
land. This is yours, and will remain so
until you chose to sell it or otherwise hand it back.
However,
Regents Land Investors may find that the planning prospects for the sites are
different to what they were led to believe by UKLI sales teams.
Q: Will I have claims against UKLI?
A: Many of
the Regents Land Investors we have spoken to describe how they believed that
they were dealing with UKLI and not
Those
creditors who attended the meeting on 24 June 2008 will be aware that the
Liquidators proposed inviting the Court to determine whether or not UKLI was
operating a "Collective Investment Scheme" (CIS) within the
definition of FSMA, and if it was, whether creditors would have s.26 remedies
(to return their land for a nominal dividend).
The
Liquidators are also proposing to invite the Court to determine whether Regents
Land Investors have potential claims against UKLI which may entitle them to
lodge a claim as an unsecured creditor in UKLI's liquidation and ultimately
receive a dividend based upon that claim.
Before
this happens the Liquidators await further information from the FSA as to its
position on