Real estate commission advance

The retail category saw total supply in the last quarter increasing 1 percent year-on-year to 1.6 million square meters with the launch of the 36,000-square-meter Vincom Mega Mall Ocean Park in the eastern part of the capital, according to a report released Tuesday by real estate consultancy Savills. … [Read more...] about Covid-19 shadows as Hanoi real estate market recovers

MUMBAI: In a precedent-setting verdict, the National Company Law Tribunal has held that a real estate company’s advance to the owner of property for the proposed development qualifies as an operational debt under the Insolvency and Bankruptcy Code (IBC).The tribunal has admitted a petition filed by Sunteck Realty against Goodwill Theatres for initiating a corporate insolvency resolution process and has also declared a moratorium under Section 14 of the IBC.In August 2018, both the entities had executed a term sheet after the property owner, Goodwill Theatres, approached Sunteck Realty for the redevelopment of a property in South Mumbai.Following this, Sunteck Realty had paid Rs 2.51 crore as an advance to the landlord for the proposed redevelopment. The term sheet included a clause stating that in case of failure to execute the development management agreement (DMA) within 60 days, the pact will stand terminated automatically.As per the terms, the termination could be avoided if … [Read more...] about NCLT terms developer’s advance to landlord ‘operational debt’ under IBC

He said if New World promised to get in more stock to meet demand, “the vast majority would say ‘that’s not good enough, but we will accept it’. But this is like allowing people to earn Airpoints, and not having enough flights for them to redeem the points on. … [Read more...] about Commerce Commission complaint lodged over ‘misleading’ New World Smeg knife block promotion

The Paramount HP 10013 power generator broadens AE’s Paramount product family, delivering higher power to speed processes and improve yieldDENVER, COLORADO - Media OutReach - 20 January 2021 -Advanced Energy (Nasdaq: AEIS) -- a global leader in highly engineered, precision power conversion, measurement, and control solutions -- today expands its flagship Paramount® RF (radio frequency) power generator product family with the introduction of the new Paramount HP 10013 power generator. … [Read more...] about Advanced Energy Expands Market-Leading RF Power Generator to Meet Critical Needs of Semiconductor and Industrial Manufacturers

Xi has attached importance to the preparation work of the 2022 Olympics. In a previous inspection of the Shougang Park in Shijingshan District, the seat of the Beijing Organizing Committee for the 2022 Winter Olympics, in February 2019, he stressed the need to stay committed to hosting the Games in a green, sharing, open and clean manner, and to complete all preparation tasks with high standards. … [Read more...] about Xi Focus: China advances preparation for green 2022 Winter Olympics