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3 parties; seller, broker and buyer. The local guys were brokers to the deal but tried to act as buyers and become owners through holding company without actually paying cash. The buyers were also trying to skirt the rules of foreign ownership of freehold land. The court battles was thus between parties that weren't straightforward from the word go. In such a high stake transaction, knowing the rules, doing due diligence and each player having clear defined roles are key.

Jun 7
at
10:31 AM
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