Robert Brinkmoeller
Active 1 year, 1 month agoForum Replies Created
Viewing 2 posts - 1 through 2 (of 2 total)
-
Posts
-
Forgot to mention that the Seller had a sale on this property 1 or 2 years ago, selling it for about $2.5 Million, and the buyer came to Cuenca to settle the sale, and then proceeded to transfer his money from his China bank account to Ecuador. But China has a law that allows anyone to bring in money or gold to China, but it cannot be taken out of the country!
So that killed the deal. He tried to borrow money from his relatives, but you know how that usually ends. No cooperation.
Lesson learned – Beware of bringing money or gold into China, need to have legal advise before doing business in China. Or maybe this was a special situation with other issues that I am not aware of.
Viewing 2 posts - 1 through 2 (of 2 total)
