Read the full judgment text of LDBM 000268/2002 on BabelCite. This Lands Tribunal judgment was delivered on 4 November 2004.
1. The Applicant was incorporated in August 2002. By that time the then building manager, the Respondent, had accumulated a surplus of about 12 million which was held as cash deposits at the bank account of the Respondent. Shortly after its incorporation, the Applicant asked for the transfer of cash deposits at the bank to the bank account of the Applicant. Apparently and understandably the Respondent wanted to retain a certain part of the funds. Despite various discussions and meetings between
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