saintsandangels wrote:Any thoughts on upcoming payments? Some of us due to pay 10% in the coming month, so I was wondering if there was a concensus view on this. Am happy to be contacted by private mail on this issue.
In view of what's going on here with Addoha & Fadesa Maroc, it is very likely that FM will go into administration sooner rather than later.
I suggest that you CARRY ON PAYING AS USUAL because should the Bank Guarantee have to kick in, clients in arrears WILL NOT be honoured. Moroccan Courts are not the reasonable do gooders we are used to in Europe.
Oh, just before you make your payments as usual, MAKE SURE the Bank Guarantee is in order and duly registered. If it is not, DON'T PAY until things and sorted, hope for the best and practice your prayers.