Disputes between Buyers and Real Estate Developers (Myanmar and Cambodia)
Foreigners have been increasingly present on the fast growing Cambodian and Myanmar markets for condo’s and other real estate. In recent years, developers and agents have actively marketed property located in Yangon, Mandalay, Phnom Penh, Siem Reap and Sihanoukville. As COVID hit the world, the deals between developers, construction companies and buyers were put under pressure. As late payments and late deliveries of units or titles rise, are bankruptcies next? What are your rights as a foreign buyer in local courts in markets where foreign ownership is not pervasive or new? How can developers protect themselves? In this unique and practical webinar, experts of VDB Loi share their experience representing buyers or developers in property disputes.
In this unique and practical webinar, experts of VDB Loi share their experience representing buyers or developers in property disputes.
- What are the buyer’s possible courses of action if the developer does not finish the project?
- What can the buyer do if the unit’s title or possession or rent is not handed over?
- If the buyer is a foreigner, how does this affect their claims and legal proceedings in Cambodia and Myanmar?
- How have local courts been handling disputes involving property development?
- Actual case studies Are buyers or developers in Cambodia and Myanmar well protected by arbitration clauses?
- How can developers and buyers better protect themselves in the sales contracts they use?
|1:00 p.m. – 2:00 p.m.||Presentation|
|2:00p.m. – 2:30 p.m.||Q&A|
Edwin is the senior partner of VDB Loi and a leading foreign legal advisor living in Myanmar since 2012. A frequent advisor to the Government on transactions and privatizations in energy, transportation and telecom, he is widely recognized for his “vast knowledge” (Legal 500) and his ability “to get difficult things through the bureaucracy ” (Chambers, 2016). He advises international financial institutions on their largest Myanmar transactions, oil and gas supermajors, a greenfield multi- billion US$ telecom project and the Japanese Government on the Thilawa SEZ. He assisted two newly licensed foreign banks setup in Myanmar, acted for the sponsor of an 800MUS$ urban infrastructure PPP project and worked on 6 out of 7 power deals inked in 2016.