Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Barely Legal
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Barely Legal

Bali Legal Expert Warns that Foreign Villa Owners in Bali Face a Rough Road Ahead


Bali News: Bali, Indonesia, foreign property ownership, nominee ownership, constitutionality, Notary, Rainy Hendriany, foreign investment, Francisco Noriega Malave, Anthony Desmond Hatton, Profit Power Management, PT Maximus Bali, Hanno Soth, Russell C. Blagg, PT Hanno Bali, Ketut Suwiga Arya Dauh, freehold
Click Image to Enlarge

(6/29/2012)

Bali's real estate boom, fueled by villas purchased by foreign investors, appear to be ultimately headed for a bust.

As reported by Bisnis Bali, one-by-one legal cases involving villa ownership by foreigners are being lodged with the civil courts or the police in Bali.

Ketut Suwiga Arya Dauh, a leading local lawyer, predicts “I think in the coming ten years there will be many property case disputes in Bali.” He explained that a failure to understand Indonesian law and the mistaken belief that “everything can be sorted out” has lured many foreigners into a false sense of security, unaware of the many problems they may face in the future.

He cited as contributing to the problems confronting foreign investors in Bali are efforts by many to avoid taxation and use of illegal and unconstitutional means used to secure control of a property, such as registering the ownership of a property in a local nominee’s name.

Suwiga predicts the myriad problems ahead for foreign investors are beginning to accumulate. He warned that the growing litany of problems for foreigners investing it property would only begin to emerge after ten years. He bemoaned that the large number of cooperative agreements built on poor legal foundations and the bad faith of many foreign investors serve as preludes to the coming maelstrom of litigation.

To underline the murky and legally complicated situation in which foreign investors in Bali may soon confront, Suwiga alluded to a recent decision in the Denpasar District Court refusing to hear a suit files by villa owners in Kuta against PT Maximus Bali, its President Director Hanno Soth, Russell C. Blagg and PT Hanno Bali. In that case, the presiding judge ruled the Denpasar District Court did not have the jurisdiction to rule in the case due a to clause in the original agreement mandating that disputes be settled by arbitration in Hong Kong.

The plaintiffs in the case were Francisco Noriega Malave, Anthony Desmond Hatton and Profit Power Management. The plaintiffs own three villas in a development managed by PT Maximum Bali.

The suit filed before the Denpasar court claimed mishandling of income tax payments dating from 2006 and income distribution from the three villas.

Related Articles

[Interview: Rainy Hendriany - Regulation of Property Ownership by Foreigners]

[Interview: Notary Rainy Hendriany -Update on Foreign Land Ownership Rules

[Interview: Notary Rain Hendriany - This Land is My Land, This Land is Your Land]


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Plaga Wine
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
... And the Law Won
Amokrane Sabet (49) French Expat Wanted for Questioning Shot Dead in Altercation with Bali Police
(5/2/2016)
End of an Era in Bali-Australia Tourism
Garuda Orient Holiday Australia Closing
(5/2/2016)
Plays Latin, Our Satin Doll
Jazz Legend Nits Aartsen to Perform at Casa Luna Restaurant in Ubud, Bali Sunday, May 22, 2016
(5/2/2016)
Slapping a Roaming Wrist
Noa Pardue Gets Off with Rp. 250,000 Fine for Stealing a Pair of Underwear from an Ubud Shop
(5/2/2016)
Taking Out the Garbage
PT NOEI Fired From its Management Role at TPA Suwung Rubbish Dump
(5/2/2016)
A Northern Approach to Bali
Governor to Issue Recommendation for Dwijendra International Airport in North Bali
(5/2/2016)
Solemen Fun Day at Waterbom Park
Solemen Dispenses Smiles and Fun Memories to Some of Baliís Most Downtrodden
(5/2/2016)
Saving the World, One Island at a Time
Lembongan Island Says No to Plastic on Earth Day 2016
(5/2/2016)
An Epitaph Written at Stones
Australian Teen Dies in Bali While Illegally Operating a Motorcycle
(5/2/2016)
Carmen Miranda: Hey, Thatís my Hat!
Balinese Village Build 2.5-Meter High Tower of Fruit as Offering to Monkeys at Alas Kedaton
(5/2/2016)
Be an Idol!
Open Mike Amateur Night for Aspiring Singers with the Bali Community Choir at The Onion, Sanur, Bali on Tuesday, May 17, 2016
(5/2/2016)
Sink and Win!
Emirates Airlines Sponsors Hole in One Extravaganza at Bali National Golf Resort
(5/2/2016)
All [News]!