The seller was Nenad Djordjevic, a Serbian businessman who had bought the land in 2001 from local residents for US$ 216,750. He built a dock, an artificial beach, and began building a hotel complex all without permits. He decided to sell the land after years of failing to get the required paperwork from local authorities controlled by Marovic.
Despite the contractual obligation to pay the full amount in less than two months from the date of purchase, it took Subotic until December to actually pay for the land and register the new ownership.
In April 2007 the Samuelson Corporation, San…