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 Auction house with private caveat, anyone experience. how long 2 remove cav

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acbc
post Mar 16 2023, 03:43 PM

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Easily 2-3 months depending how good is the lawyer and if the party who put the caveat willing to withdraw or settle.

One of my clients got into this problem previously. Her company owed some $$$$ with a supplier and their lawyer sued them and put up a private caveat on the property which is under a personal name.

In the court case, the supplier lost because the amount owed is from a Sdn Bhd company and the business owner is not liable because company and person are separate entities. The company's name is not on the title.

In the end, the court removed the caveat and the buyer's lawyer quickly transferred the title out. Worried later the supplier may appeal. They tried to appeal twice but lost.

Sneaky fellas.

So next time, any business involving huge sum please use Sdn Bhd. Never use enterprise because it has unlimited liabilities.

The lawyer who fought the case won. The pesky supplier's lawyers were a bunch of rejects abusing the court process to please their client.

This post has been edited by acbc: Mar 16 2023, 06:56 PM

 

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