IPNews-Monrovia,Liberia-17 June 2018:Jim Thompson, Dundee waterfront Property developer is said to be a legal row with a Liberian partner Hassan Al-Saffar, in a British court.

Thompson and former associate Hassan al-Saffar  could lose up to 63 acres of farmland put up as security with Monrovia-based company.

A luxury housing ­developer is embroiled in a £1.5million cash row with a former associate after a deal turned sour.

In 2006, Hassan al-Saffar lent the sum for 10 years to Jim Thompson, 61, secured against 63 acres of farmland owned by him and wife Fiona, 57.

But now the Thompsons – who made the agreement with ­Liberian-registered H&H ­Properties Ltd – are fighting to keep their property  amid claims they failed to pay the money back.

The trio are at the center of a case which will be heard at the Court of Session in Edinburgh.

Al-Saffar, 64, is managing ­director of H&H Properties (UK) Ltd and is behind a flats development that is part of Dundee’s £1billion waterfront regeneration.

The Thompsons are directors of North Grange Farming ­Company in Monifieth, Angus.

The cash was linked to a ­housing development that failed to get planning ­permission.

Al-Saffar told people close to the row that his firm and other investors lost in excess of ­£2million.

A source said: “Al-Saffar is looking for repayment of ­£1.5million plus interest. The Thompsons are attempting to stop H&H Properties (UK) ­calling up security – the land at the farm – on the loan.

“Al-Saffar has told Jim ­Thompson that he is determined to do whatever it takes to have the money repaid.”

Court papers show the case as Jim Thompson and his wife against H&H Properties (UK) Ltd “and others” – which includes H&H Properties Ltd. The case called on Tuesday. A hearing is expected on August 2.

Dundee’s £1billion waterfront site was developed by H&H ­Properties after lying derelict since 1999. It emerged in 2015 that H&H Properties Ltd, based in Liberia’s capital, Monrovia, owned eight houses and flats in Dundee and had ties to Dundee-based H&H ­Properties (UK).

Al-Saffar’s representative said the Liberian firm ceased trading in the UK in 2007 after the ­economic downturn and the firm have “no UK assets”, with the company now “dormant”.

He added that the last ­remaining asset, the loan, was assigned to the Scottish-­registered company H&H ­Properties (UK) Ltd.

He went on: “It should be noted there is no ownership ­connection between the Liberian company and the Scottish-registered ­company.”

The Thompsons declined to comment.