Mondaq Offshore: Real Estate and Construction
Condominium ownership has become increasingly popular in Bermuda over the last 15 years.
The Cyprus Parliament has approved amendments to the so called Property Amnesty Laws in order to address problems arising from delays in the issue of certificates of registration (title deeds) to property owners.
The days of Guernsey law firms having to charge a minimum fee based on a prescribed tariff are over. Firms are now charging at a level set not by professional rules, but by market forces.
In the present case, the issue concerned whether tax advice provided by the taxpayer's accountants was disclosable to an inspector of taxes for the purpose of investigating Prudential Group's tax liability.
The comments from the Hong Kong Institute of Surveyors (HKIS) on the Consultation Paper on Adverse Possession, released by the Law Reform Commission, are summarised as follows...
The Financial Secretary of Hong Kong, Mr. John Tsang, announced today (22 February 2013) that further stamp duty measures will be implemented, all effective starting in the mid-night on 23 February 2013.
subject matter of the decision in Cobbe concerned the negotiations to enter into an agreement, in which the negotiating parties were not subject to a duty to negotiate in good faith.
The Chief Executive, Mr. C.Y. Leung, presented his first Policy Address to the Legislative Council on 16 January 2013.
A building is considered "completed" on the date on which an occupation permit is issued.
The Court of Final Appeal delivered its judgment in the case of "Cheuk Shu Yin v. Yip So Wan and Lo King Fai" and the case of "Ling Wing Fai Billy, Lam Wa and another v. Ling Shui Fai, Chu Yuen Lun Garmen and others" on 13 November 2012.
On 29 October and 1 November 2012, we published the first and second of two legal updates on the introduction of Buyer's Stamp Duty.
Long Winner proposed to redevelop a site in Central (located at the junction of Pottinger Street and Ezra's Lane) for a commercial/residential building.
On 29 October 2012, we published a legal update on the introduction of the Buyer's Stamp Duty (BSD) and the adjusted rates and extension of the holding period in respect of the Special Stamp Duty (SSD).
So another year sprints over the finishing line and we wonder, as usual, just where it went.
During the years of the recent property and development boom in the Turks and Caicos Islands (TCI), stamp duty on the real estate transactions became a substantial contributor to Government coffers.
During the years of the recent property and development boom in the Turks and Caicos Islands, stamp duty on the real estate transactions became a substantial contributor to Government coffers.
As the fifth anniversary of the onset of the financial crisis approaches, engineers, architects and other consultants to the construction industry should be aware of the potential risk that this unhappy anniversary presents to any remaining fee claims.
The general premise of the 2001 Engineering Law was that non-Qatari engineers and engineering offices owned by non-Qataris were required to appoint on their behalf Qatari engineers licensed to practice to deal with their then current projects.
The growth in population which Qatar has witnessed in the last few years has led the Qatari Government to apply a "rent control" strategy to prevent economic instability caused by high or frequent rent increases that may be imposed by landlords.
There have been a number of negative reports in the press in the last few weeks stating that a recent Dubai Court of Cassation judgment nullifying a Dubai International Arbitration Centre (DIAC) arbitration award will have far reaching implications and jeopardise Dubai’s position as an international arbitration hub.
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In Bermuda, there is no automatic right for a tenant to renew a lease at the end of the lease period.
In the present case, the issue concerned whether tax advice provided by the taxpayer's accountants was disclosable to an inspector of taxes for the purpose of investigating Prudential Group's tax liability.
With a view to suppressing the property speculation in Hong Kong, the Financial Secretary has, on 26 October 2012, announced that Government will amend the Stamp Duty Ordinance.
The Control of Housing and Work Law 2012 is expected to be brought into force on 29 April this year, and it is aimed at regulating two fundamental issues, namely who can work and who can live in Jersey.
A deed or any other written agreement provides evidence of the transaction it relates to.
An important judgement was recently delivered by Akenhead J in the Technology and Construction Court in London.
A right of way is an entitlement to travel across a route regardless of land ownership and is generally one of movement.
The Financial Secretary of Hong Kong, Mr. John Tsang, announced today (22 February 2013) that further stamp duty measures will be implemented, all effective starting in the mid-night on 23 February 2013.
The Chief Executive, Mr. C.Y. Leung, presented his first Policy Address to the Legislative Council on 16 January 2013.
A recent ruling of the Dubai Court of Cassation (the highest Court in the Emirate, against whose rulings there lies no further appeal) raises serious concerns as to whether the unruly horse of public policy that became infamous in the early nineteenth century in the common law world and in particular along the shorelines of the British Isles has now bridged the gulf between the common and civil law world, made its way across the Persian Gulf and - washed ashore in the Emirate of Dubai – has turn
