Worldwide: Real Estate and Construction

The decree on tax simplification, approved by the Italian government and being published in the Official Gazette, has partially modified the recent discipline of tax imposed on property located abroad.

This new Bill is the first step in the move towards the use of one document for the sale of residential property.

A discussion of amendments to the Home Building Act and Regulations.

Some caveats registered on the title can create obstacles to the conveyancing process in a mortgagee power of sale,.

Part 31 of the Civil Procedure Rules concerns the disclosure and inspection of documents in civil litigation. In summary, a party discloses a document by stating that the document exists or has existed. A party to whom a document has been disclosed has a right to inspect that document except where, amongst other things, the party disclosing the document has a right or a duty to withhold inspection of it.

A judgment delivered on 23 April 2012 stated that in a Settlement Agreement, inclusion of the phrase "full and final settlement in respect of any and all outstanding matters" was, on the facts, sufficient to exclude liability for defects.

It is not uncommon, especially in real estate transactions, for a promise to purchase to be subject to certain conditions. One of the most frequent is undoubtedly the obtaining of the necessary financing for the purchase.

Recent reports indicate that fraudulent/fake land titles and deceptive dealings continue to thrive within the Ministry of Lands. One significant case making headlines...

When it comes to assessing the risks associated with customs duties, the determining factor is the pricing model (cost-plus ("CP"), stipulated price ("SP"), unit price ("UP"), target cost with gain or pain sharing ("TCi"))...

The 114th Tennessee General Assembly concluded its first regular session on April 22, making it one of the most fast-paced sessions in recent years.

The expropriation of property is a significant legal and political issue in South Africa, particularly in the context of land reform and redressing historical injustices.

The Delhi High Court in Pr. Commissioner of Income Tax Delhi-11 Vs Ms. Sangeeta Jain, held that a sale deed primarily reflects a transaction between the parties and the terms of sale, but it does not, in itself, verify the land's classification as agricultural for the taxation purposes.