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Protecting a Local Developer

An insured Mexican developer purchased a parcel of land in one of Mexico's booming resort destinations with the intention of building a condominium complex. Construction and pre-sales were proceeding smoothly until the insured received a letter. The letter claimed the parcel of land on top of which the condominium complex was being built belonged to the beneficiary of a Mexican bank trust. The claimant argued he was the rightful owner of the land because the trust was created prior to the developer's purchase of the same land.

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Protegiendo la inversión extranjera

El asegurado, una subsidiaria local de una compañía manufacturera en Estados Unidos, adquirió una porción grande de terreno, una parte de esta fue adquirida de un particular y el resto del gobierno estatal.

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