Doesn't the contract have force majure clauses that protect the company from kena-ing the late payment charges?

rightfully explained, but the loss and expenses rates ? macam BQ?

the issue before and after MCO is payment wise.. not updated.. 3-4 months and under certifications/non certifications

yes there are remedies for you to with regards to under certi/non-certi, issue stop work order letters, complain.. but remaining projects how? normally starting times, fora projects main con/sub con relocation equipment, workers office, labour already big costs in..

as such they will continue work, those under-certi/non -certi wil keep quiet, Main con/paymaster normally give enough to survive/run the projects.. supplies side the use nominated sub-cons... and Main con pon kena bayor, give face to paymaster..

am quite sure sure a da consultant/paymaster coupled with current defect, no follow design and MCO raise issues... can potong sub-cons and back charge... these are normal? sub con documents not complete then gg di

Do not bother sue lah, even if you succeed in trials, and get the court to rule in your favor, what are you going to do with one paper judgment?

Can you really enforce it against a bankrupted 2 dollar company?

china project or songlap??

mimpi,,,

oi... alahai.. u tak tau meh those annual dinner and bagai kat Mandrin oriental, Sp convention centers, KLCC and etc macam mana?

Construction company linked to developers/main paymaster will call main cons/sub-cons, then 'invite them" to go dinner...

"Hi ABC constructions, your good company is invited to attend our annual dinner, Dato/Dato Sri/Tan Sri had reserve slots for you... each ticket RM5K, We reserve 1 table/2 slots for your" ok?

that is how annual dinner/majlis is held.. those gold bar, whiskies are sponsored ma...

anyone from constructions industry can confirm? last i heard was RM10K one seat.. depending on location which they host la .. normally KL rates are like that

and on that day all subcon/main cons come with blazer, coats, watches, spectacles tu, hair like aaron kwok/hong kong star... and seating priority whether close to organizer/boss depends on relationship and contributions

they listent to Dato/Dato Sri/Tan Sri speech about history of the company and etc...

This post has been edited by bearbearwong: Apr 8 2020, 02:05 PM

Yes, for those who bought units from developer, the Sale & Purchase agreement adopts standardized schedules as governed by our Housing Development Act.

There is already existing clause saying in the event of unforeseeable circumstances, the completion date shall be extended accordingly. So there wont be any LAD as far as the S&P is concerned.

All non essential will be suffer now

My next tikam move guess was that they will allow worker to return to work with of course must have ppe in work place. All entertainment outlet & eating place, religious place, supermarket and anywhere that could easily get ppl cluster in on place still need to be close also ppl need to be at home at 8pm.

This post has been edited by doppatroll: Apr 8 2020, 01:59 PM

this is for sure .MANY companies will close SHOP. and many will lose their job.
better to help yourself by preparing for a recession.

as long as there is no cure ...
the economy will go down .. .and people will NOT spend big money .

now cant PAM semuanya arbitration/adjudication, masuk Court tendang...

then registration kacau.. mostly subsidiary no money can close down.. but but

can serve order to paymaster/main con/developers direct freeze account/monies related to pay off.. but must be fast...

future make Direct sub con and PAM with directors personal guarantee macam tu ok.. but need Persatuan Arkitek punya consent and movement la...

nth to stop them to go liquidation, purchasers constantly paying interest sampai new company take over...

and next questions is does moratorium applies to these uncompleted or nearly completed? yes?

FM is different, there is a pandemic breakout clause in insurance but unlikely in EOT.

Malaysian "spending monies" depending a lot on banks whether they open tap or not... they no borrow, no chanci... buy property cash? can not many.. income tax find u man..

This post has been edited by bearbearwong: Apr 8 2020, 02:03 PM

FM is applicable when it is impossible to carry out and etc? insurance clauses ask them go back tidur.. so many rules not allowing you to claim rather than to allow you to claim..

For example, Covid-19 deaths, you think will be covered under 36 diseased related deaths? confirm nope.. and will ask additional coverage one...

Lol who are you trying to bluff? "Your friend" must be in dreamland.

Only the worker die, not the company

If they go into liquidation, then the purchaser can just terminate the agreement, why wait for liquidator to take over if its going to take ages?

I guess it applies to all housing loan financing, but for those under construction project, you are servicing the loan on the progressive interest only, not the principal loan..

Yay.. Untung juga saya.. Dont be silly.. Lawyers are also effected by the MCO.. New cases doesn't mean more revenue.. 😂

hmm my view is...

SPA-contract btw purchaser and developers/proprietors (2 parties or 1 )

Loan agreement-contract btw purchaser and financier

cancelling SPA, means you need to disburse all payments to the banks .. otherwise, banks has no security leh.. my exp is that SPA and loan still goes on until new company come in and replace...

so most likely cant cancelled the SPA...

they will increase the price and sign new additional loans and finish it..

Yea construction related disputes have to be resolved by CIPAA, if they can meet each other halfway then no issues la.

But freezing assets all these fall under Mareva Injunction, you can only file such applications in our courts of law.