QUOTE(Salvador_Dali @ Mar 15 2016, 03:48 PM)
Yes, I agree and like what I said, everyone is protected except for the buyers.
Even the architect is well protected.
No point suing, at the end of the day,
the loser will be the buyer and the biggest winner will be the lawyers for both sides - KaChing!
These people knows what they are doing, they provided the free legal fee via their MEH lawyer, they probably anticipated this and are fully covered.
MEH is a holdings, probably the contract between the buyer and seller is via a subsidary - sdn bhd, thus in the event if the developer lose, they just close down the 'subsidiary' sdn bhd and dont pay a single cent of damage. you will have to pay for your own lawyer fees, which will not be cheap.
This is Malaysia, where developer + gov rules... The best lubang of property development is to have subsidiary company doing it as when comes to being sued, just close shop for the worst scenario. This is normal, so I only can say good luck to the buyers.Even the architect is well protected.
No point suing, at the end of the day,
the loser will be the buyer and the biggest winner will be the lawyers for both sides - KaChing!
These people knows what they are doing, they provided the free legal fee via their MEH lawyer, they probably anticipated this and are fully covered.
MEH is a holdings, probably the contract between the buyer and seller is via a subsidary - sdn bhd, thus in the event if the developer lose, they just close down the 'subsidiary' sdn bhd and dont pay a single cent of damage. you will have to pay for your own lawyer fees, which will not be cheap.
Mar 15 2016, 04:33 PM

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