Client updates / Assurance of Investments Law

Assuring Apartment Purchasers’ Money

7 November 2019 / Barnea

Israeli’s Ministry of Construction and Housing recently imposed a NIS 6.5 million financial sanction on the developer of a TAMA 38 project in Kiryat Bialik. The developer was fined after failing to produce a guarantee to purchasers of apartments in the project for funds they had paid toward the unit price, as required by the Assurance of Investments Law.

See full article >

Categories: Real Estate | Real Estate Transactions

Search by Practice

Client updates / Assurance of Investments Law