LAD to be calculated from collection of ‘booking fee’ — Federal Court
By common practice, in Malaysia, developers have been collecting booking fees ranging from a few hundreds up to 5% of the property prices.
By common practice, in Malaysia, developers have been collecting booking fees ranging from a few hundreds up to 5% of the property prices.
PUTRAJAYA (Jan 20): The Court of Appeal has fixed July 28 to hear Datuk Seri Anwar Ibrahim's and the Pardons Board's appeal against the Kuala Lumpur High Court's refusal to strike out a challenge brought by a lawyer over the opposition leader's pardon for his second sodomy conviction.
PUTRAJAYA (Jan 19): The Federal Court has ruled that the calculation of the late delivery payment or Liquidated Ascertained Damages (LAD) to begin from the date the booking fees is paid to the developer, instead of the signing of the sales and purchase agreement (SPA).
PUTRAJAYA (Jan 14): The Federal Court has today dismissed an appeal by former Umno supreme council member Datuk Lokman Nor Adam (pictured) to set aside the High Court's decision granting leave to initiate contempt proceedings against him.
KUALA LUMPUR (Jan 14): WCT Holdings Bhd said yesterday a judicial committee has upheld the Dubai Court of Appeal's decision that recognises a final award of RM1.
KUALA LUMPUR (Jan 7): The High Court in Melaka has approved the scheme of arrangement between MDSA Ventures Sdn Bhd — a subsidiary of Singapore-listed Hatten Land Ltd, and its creditors.
PUTRAJAYA (Jan 5): The Court of Appeal today agreed to grant a stay for some 204 Musang King Raub durian farmers from being evicted from their plantations pending the full appeal being heard in the appellate court.
KUALA LUMPUR (Dec 29): Genting Malaysia Bhd’s (GenM) operating unit Resorts World Genting (RWG) said in its latest notice that it remains open, and that the hotel and casino operator is not operating in the affected area where an enhanced movement control order (EMCO) is being implemented — at the Amber Court and Ria apartments — until Jan 6 to curb the spread of the Covid-19 pandemic.
KUALA LUMPUR (Dec 18): Former Lembaga Tabung Haji chairman Datuk Seri Abdul Azeez Abdul Rahim's (pictured) family today failed to get a stay from the High Court here against the prosecution's move to gazette a notice of forfeiture involving RM16 million from them.
KUALA LUMPUR (Dec 16): The High Court here has directed Housing and Local Government Minister Zuraida Kamaruddin (pictured) to file her defence against PKR’s lawsuit, which alleges that she violated an agreement she had with the political party when she left the group.