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.

       

 
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
Time to Sign Up for Bali Triathlon
Registrations at Record Levels for 10th Herbalife Bali International Triathlon
(6/18/2017)
Balinese Culinary Experience at The Ayodya Resort Bali
Balinese Culinary Experience at Ayodya Resort Bali Thru July 18, 2017
(6/19/2017)
4th Bali & Beyond Travel Fair
Minister of Tourism Thinks Bali & Beyond Travel Fair Missing Out on Competition
(6/18/2017)
Go Fly A Kite
New Rules for Sanur Kite Festival July 22-23, 2017
(6/18/2017)
Good for What Ails Indonesia
Bali Doctors Speak Up for the Revitalization of National Unity
(6/18/2017)
Bali Via its Back Door
Banyuwangi: Faster Air Access to West and Northwest Bali
(6/18/2017)
An End to Festivities
Inaugural Gianyar Youth Festival 2017 Suddenly Closed and Cancelled by Police on June 17, 2017
(6/18/2017)
Not Home for the Holidays
8 Die When Small Tourist Bus Traveling from Bali to Gilamunuk Collides with Large Truck
(6/18/2017)
Bali, Inc.?
Tourism Ministry Promotes Bali’s ITDC as a Regional Center for Trade and Finance
(6/18/2017)
Japan Airlines Makes Cautious Return to Bali
After Almost 7 Years Absence, Japan Returns to Bali Temporarily with 3 Charter Flights
(6/18/2017)
Weak Enforcement in the Face of Illegal Money Changers
At least 150 Illegal Money Changers Still Operating in Bali as they Ignore Police Raids and Business Closures
(6/18/2017)
Bali Hai II Refit
Bali Hai II Undergoing Major Refit and Docking October 12 - December 22, 2017 – Replacement Cruises Announced
(6/18/2017)
All [News]!