Sunday October 25, 2020

Deposits on Montreal development not insured

Irish investors in the troubled Sleb 2 project in Montreal, Canada, have received letters confirming that their deposits are not covered by insurance.

4th November, 2006

Irish investors in the troubled Sleb 2 project in Montreal, Canada, have received letters confirming that their deposits are not covered by insurance.

A letter sent to buyers last week by Marcus Magnier of the scheme’s Irish selling agents Colliers Jackson-Stops states: ‘‘On the question of insurance, Stephane Miron our solicitor met with the insurers and whilst [all] along we have been assured that the insurance was in place, he does not believe that this is...

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