Effect of MCO: Delivery of Vacant Possession and Liquidated Ascertained Damages/《行动管制令》的影响: 住宅物业的空置所有权(VP)与违约赔偿金(LAD)

The construction industry is likely to be affected since the implementation of the Movement Control Order (“MCO”) by the Malaysian Government starting from 18 March 2020. The MCO would affect among others, the timely completion and delivery of vacant possession by the housing developers pursuant to the sale and purchase agreement (“SPA”).