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?

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...

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..

half way settlement depends on the ones acting for the losing side.. CIPAA very straight forward.. bills.. invoice, certificate ada just pay, other issue no care one..

Mareva injc too big... sub con where can afford undertaking of damages of paymaster millions man.. garnisi/attachment , then possible/more likely

paymaster-main con portions of progressive payments/final payments/retention sums boleh la...

sub con can claim lor... just the portion above... but if gulung tikar then useless... Main con usually ada banyak contra units, pray for contra units which has values...

This post has been edited by bearbearwong: Apr 8 2020, 02:17 PM

my view is apa u mau pon boleh... but the portions disbursed by banks towards your loan draw down macam mana? if u bayor dengan interest... maybe can..that is also subject o developers consent.. if everyone cancels.. then how? u cancel SPA means banks has no security...

take Taman Desa collapsed project as example under constructions ... surely many purchaser want out, can they do? are the reasons solid enough? will developers object? if all allowed to cancel SPA, developers die?

but but the developer/proprietor may say banks had given irrevocably powers to disburse the loan.. the purchaser's issue with the developers is of not a concern to the banks.. banks are merely financier... their duty is to disburse loans...

This post has been edited by bearbearwong: Apr 8 2020, 02:23 PM

this one most likely to fight it out, if 5 months sub con even got rights would have already wound up... Selangor/KL punya kuasa can la.. these ppl sitting there are reasonable and experience..

banks valuation most important.. and then whether they want to borrow or not? how many eligible borrowers out there?

selling 80% off memang happening now... just they mark up and give discounts/rebates =20% , mana menteri perumahan?

humans are always more smarter than the system of liquidator... joint creditors last last come in before winding up request private liquidator to be appointed .. habis no more left hand, right hand...

those appointed liquidator bow down to paymaster which is the creditor... if u find the right person, all those monies, property transfer keluar within certain period all recovered back..

directors duties habis semua 100% application.. mana-mana tak ikut saman sampai lubang cacing... but of course all required time and monies, normally sub cons cant sustain until there.. and main cons/developer seeing you mau mati will come offer:

a) total hutang (bayor 50% via installments..
b) offer new projects lor
c) contra units

what we said and lay down are the things they can do, reality is different, sub con will bow down because of survival.. my views..

aiya, this requirement wor.. developers, arkitek, engineer, QS /consultant one group, apa pon sign as long as building is safe .. delay not their issue pon..

macam kat bukit jalil, my kawan.. developer install aircorn without windows to claim progressive payments.. ok je... semua kotor air corn habuk...

humans are much much pandai than system... especially those humans

senior, these 2 can explain further? like down to earth guidance a bit

repo, Hong Kong meh? we ada manyak land...

taking building down and removing debris rarely done by Msia yet...

taking back residence not easy, compensation wise susah.. HK also susah mah

convert to management companies lor... lower down to an honest pricing, can have demands one.. u ask BBB group...

mana satu sub con yang tak suffer? if cash rich buat apa sub con, straight main con je...

ali baba kan banyak.. tak payah bayor premium? golongan bangsawan/terkemuka? payment insurance dengan Ali baba...

Sub con ada duit to fight all the way? sana lubang, sini lubang?

that is because CIPAA is contingency package... win win type..coz sure win.. is this the big win u mean?