Tycoons fight over prime piece of land
Sunday Times - South Africa
A row over a prime piece of land in the exclusive Durban suburb of Umhlanga is at the centre of a court battle between tycoons Sunny Gayadin and Vivian Reddy, reports the Sunday Times. Gayadin was one of two men objecting to the sale of the land by the eThekwini (Durban) municipality to Reddy for R45m. The objections by Gayadin and Prem Badul, a property developer, followed an advert in a newspaper inviting objections to the sale of a 9.8ha piece of land. Last Friday, Gayadin filed an application in the Durban High Court for an interdict to prevent the municipality from going ahead with the sale to Reddy.
Button & Co press on with new kit
ic Birmingham.co.uk - UK
A Coventry law firm has invested £30,000 in new technology which should transform the way it does business.
The move has come after Button & Co increased the number of staff in its conveyancing and commercial law teams. Button & Co has introduced a new computer and accounting system as well as upgrading its website as part of the expansion. The firm plans further development with the introduction of text alerts for clients to speed up communication.
Bar Council: Market-driven fees "unfair" to house buyers
The Malaysia Star - Malaysia
A market-driven fee scale will not benefit the public as a lawyer is hired based on how cheap his fee is and not on whether he is the best person for the job, Bar Council vice-chairman Yeo Yang Poh said.
"If you have unchecked discounting, it tilts the market in a very disproportionate manner towards using this one criterion," Yeo said.
He was responding to a statement by the Real Estate and Housing Developers Association Malaysia (Rehda) that the "no discount" ruling would force both house buyers and developers to pay more.
The Malaysia Star
Lords throw out compulsory home sellers' packs
Scotland on Sunday - UK
Government plans for compulsory home sellers' packs - costing around £1,000 each - were thrown out by the House of Lords tonight after protests they would be a "poll tax on the housing market".
The move followed a barrage of protests from Conservative, Liberal Democrat and cross bench peers during the final third reading stage of the Housing Bill.
Scotland on Sunday
Scrap archaic land laws, report urges
RTE News - Ireland
The Law Reform Commission has published a consultation paper on reform on the laws covering land and conveyancing.
The paper provisionally recommends the reform of more than 150 statutes dating from before 1922. It urges that many of these be repealed, while others should be changed as they are framed in unnecessarily archaic language.
The commission is to hold a conference on the issue in UCD on November 25. It will then draft a report which will include draft legislation to give effect to its proposals.
A mortgage at the checkout
ic Liverpool - UK
Napoleon once scornfully described the British as a "nation of shopkeepers". But it was this nation of shopkeepers which finally kicked Bonaparte into touch.
Nearly 200 years on, however, and few would now argue with the Emperor's disparaging remark. We are a nation that likes to spend, and that likes to have goods and services to spend our money on. But now Tesco has upped the stakes by launching an own brand mortgage. So now you can not only furnish your home courtesy of the UK's leading supermarket chain, you can buy the property to put all your ill-gotten gains in.
Come one, come all
Moneyweb - South Africa
The process leading to the drafting of the property transformation charter will be transparent and inclusive and all industry players are free to participate, says Neil Gopal, COO of the South African Property Owners Association (SAPOA).
Gopal was reacting to the supposed comments by independent property economist, Erwin Rode that he will not be consulted as a member of SAPOA and that the government will use its muscle in the process.
Tycoons fight over prime piece of land