PPRuNe Forums - View Single Post - Do you own a Hydra Village villa (Abu Dhabi)?
Old 6th Mar 2013, 13:23
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Kamelchaser
 
Join Date: Oct 2004
Location: Dubai
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Certainly do your research before you go firing good money after bad to lawyers Raj. There is currently more outstanding court awards against Hydra than there is money in the pot from seized assets. So it all depends how the court eventually awards this money.

Hydra stopped paying out these awards over two years ago. Before then, everyone who won in court got their money. Then it stopped.

So now, there is two years of many successful litigation cases outstanding.

Successful new litigation has three potential outcomes.

1. Money is awarded based on first come first serve; result..nothing for anyone from now on.

2. The courts set a date for last litigation..result..perhaps a share of the pot depending on when you complete your case (which takes up to a year).

3. The courts allow continued litigation until all cases dry up...which could simply take years. (most people who are awaiting payouts started their cases at least three years ago). Result, a small payout some time well in the future.

I'm not advising you which course you should chose; simply that you shouldn't give a large sum of money over to a lawyer without being realistic about your chances of getting something back.
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