Bintai Kinden believes it has good grounds of defence against Axbena’s RM28m claim for liquidated damages
JMI is being sued by Axbena Sdn Bhd for not completing a RM10.
Understand LAD waiver conditions before signing, says Rehda
Buying a new home should be an unforgettable experience – a happy one, that is.
Country Danga Bay loses appeal at apex court over late delivery claim
PUTRAJAYA (April 13): A three-member Federal Court bench on Wednesday (April 13) dismissed a motion for leave to appeal by Johor developer Country Danga Bay Sdn Bhd against damages awarded to seven buyers over late delivery of their service apartments.
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.
Federal Court: Late delivery payment calculation starts from the date of booking fees' collection
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).
Parkson’s Cambodian unit ordered to pay RM630m in damages to its landlord
KUALA LUMPUR (April 28): Parkson Holdings Bhd's Cambodian unit has been ordered to pay US$144.
Najib's suit against Pua stays withdrawn but latter entitled to damages
KUALA LUMPUR (Oct 15): Damansara Member of Parliament Tony Pua had today managed to set aside the injunction imposed on him by Datuk Seri Najib Abdul Razak in a suit filed by the former prime minister against Pua in relation to 1Malaysia Development Bhd (1MDB) and the proposed amendment to the Syariah Courts (Criminal Jurisdiction) Act 1965 by PAS.
