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109
How to get the property handed over after long delay and bankruptcy of the developer?
The developer failed to deliver the unit as per the SPA and is currently in bankruptcy proceedings.
The completion is delayed for many years but the unit should be handed over shortly by the Trustee.
Could you please guide us on a strategy for the investors to get compensation for the delay?
We appreciate your assistance.

Nasser Yousuf AlKhamis Advocates & Legal Consultants
10 Mar 2023, 08:07
Hi,
Depending on the jurisdiction mentioned in the SPA, you can file a case for compensation of damages - per se loss of rental income, etc.
We would be glad to discuss this further. Kindly send us an email or contact us on the phone.
Alternatively, you may send us your contact details.
Looking forward to hearing from you.

Laila Hamza Al Mulla Advocates and Legal Consultants
19 Mar 2023, 10:34
You can file a lawsuit to claim compensation for delay or termination of the contract and compensation.
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