Wednesday, October 31, 2007

STB Resumes Hearing Of Horizon Towers Case

Source : Channel NewsAsia, 30 October 2007

The hearing on the troubled en bloc sale of Horizon Towers resumed at the Strata Titles Board (STB) on Tuesday with yet another twist: another lawyer appeared before the STB.

He is representing one owner from the majority and his client now rejects the sale and purchase agreement as well as the collective sale agreement.

Mr Cheong Yuen Hee said his client does not agree with the new sales committee's authority to extend the sale dateline.

One reason for this is that three original members of the sales committee have resigned. So Mr Cheong argued that this makes the agreements invalid.

But the STB did not allow Mr Cheong to participate in the hearing and asked him to produce his submissions in writing by the end of this week.

The Horizon Towers case was thrown back to the STB because the High Court ruled earlier this month that the Board was wrong to dismiss it in the first place.

The Board had thrown out Horizon Towers' application, saying it was defective because of three missing papers.

On Tuesday, it continued the hearing where it left off about two months ago.

The hearing is set to wrap up next month when the STB will eventually determine if the collective sale should proceed.

The hearing will resume next Tuesday (November 6) at the old Supreme Court, City Hall. - CNA/ch

No comments: