By Alfredo Guzmán Saladín, Guzmán Ariza, Attorneys at Law
In the Dominican Republic, there are no restrictions on foreign individuals or entities owning real estate. The process for purchasing real estate for foreigners is the same as for Dominicans; there are no national defence or security limitations. Foreign individuals and entities, and Dominicans must register locally with the tax authorities before registering purchases of real estate.
Continue Reading
By Daniel Waldman, Pallett Valo LLP
In Issa v Wilson, 2020 ONCA 756, the Ontario Court of Appeal affrmed that a buyer could get out of an Agreement of Purchase and Sale when they were induced into entering the contract by misleading information.
Continue Reading
By Peter Fassl and Helmut Seitz, HSP Rechtsanwälte GmbH
It seems as if the world is slowly realising that we are ultimately living through a long-term pandemic with an admittedly dangerous virus and things are starting to normalise. From our point of view, in countries like Sweden, which have put their faith in personal responsibility, accepting the risk that is inherent in every life, namely that one is mortal and could die at any time, things are returning to normal much sooner. It will be interesting to see how things develop in Australia or New Zealand, where a zero-Covid strategy has been pursued. In Australia, in particular, there has been barely any tourism – other than domestic – for close to two years now. While in the DACH region, many hotels have been closed for close to half of the time in the last 18 months, in Australia and New Zealand they have been open almost throughout the entire time of the Covid pandemic.
Continue Reading
By Liam A. Entwistle, Wright, Johnston & Mackenzie LLP
The Electronic Communications Code came into force in the UK on 28 December 2017 (“the Code”), replacing the previous code. The stated purpose of the Code is to further the public interest in the provision of high-quality telecoms network within the UK. The Code provides the framework for the installation, regulation, and removal of telecoms apparatus, and gives telecoms operators access to sweeping powers to force landowners to do what operators consider is in their commercial interests.
Continue Reading
By Tony Nunes and Lishi Huang, Kelly + Partners Chartered Accountants
The New South Wales (NSW) Government is considering a once in a generation change to the way it levies stamp duty and land tax on new property purchases. If implemented, buyers will be able to choose to pay either stamp duty and land tax or a new, lower, property tax.
Continue Reading
By Alina Iozsa, Hategan Attorneys
The issue of corporate benefit arises primarily in the case of establishing security for a third-party obligation in banking transactions. We have often encountered instances when foreign parent companies require their Romanian subsidiaries to grant security for banking transactions and conclude corresponding security agreements over their assets according to Romanian law, also known as upstream security.
Continue Reading
By Frédéric Couvreur, DALDEWOLF
Belgian property law has been recently reformed, by the law of 04 February 2020 setting out Book 3 “The Goods” of the Civil Code (the “Law of 04 February 2020”). This law provides for one of the very few reforms of Belgian property law since the entry into force of the Civil Code (also called the “Code Napoléon”) in 1804, under the French regime, and of the law on the right of emphyteusis (long-term lease) and the law on the building right (right of superficies) in 1824, under the Dutch regime. Of course, since the beginning of the nineteenth century, Belgian property law has undergone several developments due to case law.
Continue Reading
By Raffaela Lödl-Klein, KAPP & PARTNER Rechtsanwälte GmbH
In Austria, a “Residential Property Act” (Wohnungseigentumsgesetz) provides for a special form of ownership: it is the connection with the (proportional) ownership of the real estate, combined with the right to exclusively use a flat (apartment). The Residential Property Act regulates the rights and obligations of the flat owners. An amendment to the law with three major changes is planned. To achieve these targets, three central points in particular are to be addressed:
Continue Reading
By Andrzej Tokaj, Penteris
“Unprecedented times” is one of the most overused catchwords of recent times. Overused as it is, the term reminds us that our new circumstances can stimulate exploration beyond our known horizons.
Continue Reading
By Peter Fassl and Helmut Seitz, HSP Rechtsanwälte GmbH
The title of today’s column should in fact be “Part V: Idea XV”. Today we would like to outline a few ideas in connection with housing and flats.
Continue Reading
