• Welcome to the LegalBeagles Consumer and Legal Forum.
    Please Register to get the most out of the forum. Registration is free and only needs a username and email address.
    REGISTER
    Please do not post your full name, reference numbers or any identifiable details on the forum.

The Financial Services and Markets Act 2000 (Collective Investment Schemes) (

Collapse
Loading...
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • The Financial Services and Markets Act 2000 (Collective Investment Schemes) (

    The Financial Services and Markets Act 2000 (Collective Investment Schemes) (Amendment) (No.2) Order 2008 No. 1813
    Any opinions I give are my own. Any advice I give is without liability. If you are unsure, please seek qualified legal advice.

    IF WE HAVE HELPED YOU PLEASE CONSIDER UPGRADING TO VIP - click here


  • #2
    Re: Collective Investment Schemes: Does a purchase between family constitute a CIS

    Hi I was wondering whether anyone can help. We as a family invested in a property purchase and drafted an agreement (without the advise of a solicitor). However the property suffered a huge drop in value after the property crash. We have been holding onto the property until the value reaches a decent level with a view to sell. We are being sued by family members for the original amount plus interest stating that what we did constituted a collective investment scheme or a loan where we were not qualified to enact. Any views will be appreciated. We have engaged solicitors and counsel who seem to state that we have a good case to defend but would be grateful for feedback as costs we can claim are limited even if we win as its in a county court. Also as the claim collectively is 250K I was wondering whether this exceeded the limit in county courts!

    Comment

    View our Terms and Conditions

    LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

    If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


    If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.
    Working...
    X