The Hong Kong courts have considered the validity of an instrument where the company seal is affixed and attested by one single director. A recent Court of Appeal decision that has overruled previous lower court decisions on the same point will doubtless create headaches for local conveyancers.
A recent case is another cautionary tale for lawyers acting for vendors to note that the vendor's obligation to prove title should be performed well before the date fixed for completion.
The Building Management (Amendment) Ordinance 2000 was introduced to improve the management of private buildings and to rectify deficiencies in existing regulations. It marks a shift towards increased compulsion, in terms of penalizing recalcitrant owners and making owners more accountable if they do incorporate.
Case law has established that a seller who insists on receiving a deposit exceeding 10% of the price of the property in question runs the risk of not being entitled to keep the deposit if the buyer defaults, unless there are special circumstances. A recent case provides an example of such special circumstances.
Including: Land System; Registration; Types of Sales; Taxation and Charges; Mortgages; Leases
Companies with mixed manufacturing and service operations in Hong Kong will be disappointed by the recent decision of the Court of Final Appeal.
In an attempt to address some of the issues of urban degeneration, the Urban Renewal Authority Ordinance was enacted on July 7 2000. The broad objective is to implement renewal over a 20-year period, by way of development schemes and projects. The effect on landowners and residents is explored here.