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 Post subject: Abbreviations clarified for new members
PostPosted: Sat Sep 12, 2009 8:04 am 
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New members have been saying that they do not understand the messages on the forum because they do not understand the abbreviations that are being used. I will try to clarify them for you.

The Hurghada Residents Association (HRA) is the independent Company established so that the the Purchasers of Desert Pearl 1(DP1), Desert Pearl 2 (DP2) and Coral Sea Pearl (CSP) in Hurghada, Egypt, could be legally represented as a whole instead of individuals. The object of the HRA is to legally secure the ownership of their apartments.

Denton, Wilde & Sapte (DWS) is an International Law Firm with over 600 lawyers. DWS has a network of offices and associated offices spanning the UK, Europe, Middle East, CIS and Africa. The HRA appointed DWS, to legally represent them in Egypt, to negotiate and to legally secure the ownership of their apartments.

El Riad (ER) is the Egyptian Developer/Builder for DP1, DP2 & CSP. El Rawan (Rawan) is the Egyptian land owner of DP1. The Bank of Abu Dhabi (BOAD) is the bank that holds the mortgage on the land at DP1.

(PM) depending on the context, is either Philip Morris (PM) who is a UK Solicitor in the Company (LAW) who is currently also negotiating for Clients of DP1, DP2 & CSP or it is Peter Morris (PM) from Worldwide Destinations UK (WWDUK) who is currently trying to start up a new business (OPPN), which will also try to negotiate for Clients of DP1, DP2 & CSP.


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