Hi

Has anyone pushed for penalties to be paid? I was only informed by my lawyer (Vladimir Ivanov) on 4 March that the Act 15 had been issued for Block B (and this was only after I had chased him). But he advised that I should not complete as the developer had not yet connected the site to electricity and water and needed more money before it could do so. I have suggested to him that the developer should pay the contractual penalty, which by March had reached the maximum 10% value of the property, and was thus equal to my final instalment. As such I am unwilling to pay any more money. Has anyone else taken this line?

Vladimir simply said that the developer was unwilling to pay penalties, but he gave no contractual reasons for this. I have little confidence in him. Would any of you consider hiring a completely independent lawyer to pro-actively assert our rights and get the penalties paid? If he took action on behalf of a large number of clients we could all split the legal fees.

Guy