Petition to the European Parliament
On 27th December 2014 in tandem with other investors
in Cabo Verde, we submitted a Petition to the European Parliament seeking the re-examination of the Special Partnership
Agreement signed in 2007 between Cabo Verde and the European Union, in light of the difficulties we have experienced at
Vila Verde. It is our contention that the Cabo Verdean Government have failed to comply with the principle of Good Governance
as required under the agreement in relation to off-plan property sales. The petition has been assigned reference no 2645/2014
and is currently under consideration by the Directorate for the Plenary in Brussels. We will be contacting José Teixeira,
the EU representative in Cabo Verde (no relation to the convicted director of MBR1SA) to raise the issue directly with the
Cabo Verdean Government. Secondly, we have been in contact with Mr John Marshall, the outgoing UK Ambassador to Senegal
& Cabo Verde and he has raised the issue of Vila Verde with the relevant authorities in Cabo Verde. Mr George
Hodgson, the newly appointed UK Ambassador to Senegal & Cabo Verde will be in place this summer and we will be taking
up the matter with him. Mr Hodgson served as the UK Representative to the EU in Brussels in the past, so he will be helpful
in that regard. Thirdly, on 17th March last, Linda McAvan, Labour MEP for Yorkshire and The Humber and Chair of the European
Parliament’s International Development Committee, submitted a written question to the European Commission at our request.
In her question she outlines how we believe the Cabo Verdean Government have ‘failed to comply with Articles 75 & 77 of the Cotonou Agreement regarding private sector investment
including in particular Article 77 paragraph 2a and paragraph 3 on risks of expropriation, breach of contract and protection
of investments’. Finally we have also sought the support of Brian Crowley MEP for Ireland South, regarding our
Petition to the European Parliament and Ms McAvan’s question to the European Commission.
text of the Petition is as follows:
"I am British Citizen
residing at in Southport, United Kingdom am petitioning the European Parliament to reconsider the Special Partnership
Agreement which has been signed between the EU and the Republic of Cabo Verde, (also known as the Cape Verde Islands). The
signatories of this Petition are EU Citizens who have invested in off-plan real estate tourism projects in Cabo Verde.
A number of these developments have never been completed and investors have lost a significant amount of money as a result.
Numerous projects are involved but this petition specifically refers to Murdeira Beach Resort and Vila Verde Resort on the
island of Sal and Sambala Resort on the island of Santiago. In 2007 a Special Partnership Agreement was signed between
the EU and Cabo Verde. Among other things, one of the requirements of the Agreement was that the Cabo Verdean Government
would adhere to the principle of Good Governance. The security and protection provided by this Agreement was one of
the main reasons so many EU Citizens invested in Cabo Verdean real estate. In addition to the increased political and security
cooperation, the fixed exchange rate between the Cabo Verdean Escudo and the Euro appeared to offer further protection for
small investors from EU countries. Since signing the Agreement eight years ago, the Cabo Verdean Government has failed
to introduce statutory measures to protect investors in current and future off-plan tourism related real estate projects.
This is in spite of the fact that the Cabo Verdean Government is well aware of the issues surrounding these tourist developments
and they have continued to receive funding from the EU. In light of this we are petitioning the European Parliament
to reconsider the Special Partnership Agreement which has been signed with Cabo Verde in 2007