Investment Dispute Resolution Steps

Summary

When dealing with a Letter of Demand from an investor, its important to act promptly. Document all communications and payments made. Consult a lawyer in Singapore to understand your legal obligations and potential consequences. Engage with the investor to negotiate a mutually agreeable payment plan. Consider involving a mediator if necessary. Highlight any payments made and your willingness to resolve the matter. Legal advice is crucial to navigate the situation effectively.

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As this is a hotel development, we shall be getting quarterly payments from the developer (borrower) starting from Apr * and we had been receiving and paying out, albeit in small amounts (*.*% of the invested amount) till now. Secondly, we will assist the developer in selling their units so that a larger amount may be paid to us. Finally, after a year or *.5 years of operation, the developer shall approach financial institutions for a refinancing of their unsold units.
Case Rating: *.
It sounds like you have a detailed plan for managing the investment. Here are some key legal points to consider:
- Ensure the revised payment plan is documented and agreed upon by all parties.
- Review the original investment agreement for any clauses related to default or restructuring.
- Consider involving a mediator to facilitate the agreement with the investor.
Has the investor responded to your proposed "exit" strategy, and what was their reaction?
The payments were made for April and July * and the next one will be soon. The investor had received the previous payments and provided the company their bank details for the payments. Hence, we would not have think that they expect full payment upon demand.
It seems you’ve taken steps towards fulfilling your obligations. Here are some additional legal points to consider:
- Ensure all communications with the investor are documented.
- Review the Letter of Demand for any specific legal claims.
- Seek legal advice to understand potential consequences of not meeting payment demands.
Have you received any legal threats or intentions to pursue legal action from the investor?
What should we do now
Given that the investor has accepted partial payments and provided bank details, it shows some level of cooperation. However, the Letter of Demand indicates potential legal action. Here are the next steps:
- Document Everything: Keep detailed records of all communications and payments made.
- Consult a Lawyer: Get legal advice to understand the implications of the Letter of Demand and your proposed "exit" strategy.
- Negotiate: Continue to communicate with the investor and try to negotiate a mutually agreeable payment plan.
Have you tried reaching out to the investor to discuss a revised payment schedule?
No, we just received the letter today
It looks like you have a solid plan but need to act quickly.
You should:
- Contact the investor immediately to discuss a revised payment schedule.
- Document all communication and payments.
- Consult a lawyer to review the Letter of Demand and your proposed exit strategy.
Have you already consulted with a legal expert in Singapore?
There is no way to revise what we have already proposed.
I understand the urgency. Here are some steps you can take:
- Document Everything: Keep records of all communications and payments made.
- Consult a Lawyer: Seek legal advice in Singapore to understand the implications of the Letter of Demand and any potential legal consequences.
- Negotiate: Continue to communicate with the investor to negotiate a mutually agreeable payment plan.
Have you consulted with a legal expert in Singapore to explore other possible solutions?
no, we have not consulted any yet
In your situation, it’s crucial to address the Letter of Demand promptly. Here are some steps to take:
- Consult a Lawyer: Seek legal advice immediately to understand your legal position and obligations.
- Document Everything: Ensure all communications and payments are well-documented.
- Negotiate: Try to engage with the investor to reach a mutually agreeable solution.
Would you like any recommendations for law firms in Singapore?
yes please

Rajah & Tann Singapore LLP


Phone: +* * *
Address: * Battery Rd, #*-*, MYP Centre, Singapore *
Website: www.rajahtannasia.com

Would you like more details on how to approach the negotiation or additional law firm recommendations?
yes, thank you
To approach the negotiation effectively:
- Stay Calm and Professional: Maintain a respectful tone in all communications.
- Clear Proposal: Present a revised payment plan with clear timelines and amounts.
- Highlight Cooperation: Emphasize any payments made and willingness to resolve the matter.
- Legal Support: Have your lawyer review all documents before sending them to the investor.
Would you like additional law firm recommendations or assistance with another aspect of your situation?
yes, please provide

Allen & Gledhill LLP


Phone: +* * *
Address: One Marina Boulevard #*-*, Singapore *
Website: www.allenandgledhill.com

Would you need more assistance with negotiation strategies or any other legal matter?
nothing further at the moment. Thank you
You're welcome! If you need further assistance in the future, don't hesitate to reach out. Have a great day!