For those that have received a court judgement in relation to a property issue over the last few years and their lawyer has registered a memorandum against the judgment, this may be of interest to you.
Memorandums when registered last for two years. After the two years they need to be renewed on an annual basis. Unfortunately, for various reasons this "renewal" process has not been carried out by some of the lawyers so they have lapsed. The good news for anyone in that position is that the government has issued an amnesty for those in that position. I know for a fact that a lot of AGA/Gary Robb buyers are in that position. This law was published in the government gazette a few weeks ago.
I would recommend that anyone who has concerns, should contact their lawyer to confirm the status of their memorandum as soon as possible and issue instructions if necessary.
Expired Court Memorandums
Moderators: Soner, Dragon, PoshinDevon
-
- Kibkommer
- Posts: 633
- Joined: Tue 05 Mar 2013 7:48 am
Re: EXPIRED COURT MEMORANDUMS
That is very interesting information, thank you, didn’t know that.
- Groucho
- Kibkommer
- Posts: 3549
- Joined: Mon 09 Apr 2012 2:43 pm
Re: Expired Court Memorandums
this "renewal" process has not been carried out by some of the lawyers ....
Because they would not make a mint.... methinks.
Because they would not make a mint.... methinks.
-
- Kibkommer
- Posts: 5727
- Joined: Wed 25 Jul 2012 3:42 pm
Re: Expired Court Memorandums
Its because Advocates (I refuse to call them either lawyers or solicitors) have no Duty of Care to their clients hence the fact they won't do a thing unless instructed to do so. We learned this nearly 16 years ago and paying for it to this day.
-
- Kibkommer
- Posts: 4
- Joined: Fri 09 Aug 2019 10:49 am
Re: Expired Court Memorandums
All the court judgments have costs built in to the damages awards which are 4% for the plaintiffs and 8% for the advocats compounded so it will add up to quite a lot of money for the advocats after maybe 10+ years.....so a good incentive!
- Groucho
- Kibkommer
- Posts: 3549
- Joined: Mon 09 Apr 2012 2:43 pm
Re: Expired Court Memorandums
It would be if they believed the damages would ever be forthcoming ... which in most cases they have proven not to be.Ever onwards wrote:All the court judgments have costs built in to the damages awards which are 4% for the plaintiffs and 8% for the advocats compounded so it will add up to quite a lot of money for the advocats after maybe 10+ years.....so a good incentive!