Recovery of amounts related to breach of contract

Problem

Monachil invested over $20m in a company with a strong presence and activity in Spain. After several years of tenure, the management and shareholders of the company defaulted on the payment obligations assumed with Monachil, diverting funds obtained by the company to unauthorized activities. Monachil had no presence in Spain to defend its position as investor

Solution

Claimbnb developed an action plan consisting of:

– Contacting the management of the company’s most relevant stakeholders (mainly suppliers and customers) to inform them of the situation and request their collaboration

– Collected the amounts owed to Monachil in the exercise of its legitimate rights as an investor

– Obtained all the necessary information for the execution of precautionary measures to protect the investment

– Borne all costs arising therefrom

Claimbnb executed the plan in collaboration with a tier 1 law firm that in parallel carried out all the required legal actions

Result

Within 6 months following Claimbnb execution of the plan, the management and shareholders of the company were forced to negotiate a transactional agreement beneficial to Monachil

Ali Meli, CEO of Monachil Capital Partners: “Claimbnb’s action was instrumental in protecting our interests. Claimbnb gathered the necessary information, and enforced it in front of the main Spanish stakeholders and judicial bodies in record time, maximizing the chances of recovery of our investment”