Moon Ocean returns to Court of First Instance following win


The Court of Second Instance has decided in favour of developer Moon Ocean regarding the five land plots located near the airport intended for luxury residential project La Scala. In a case brought by the developer against five entities, including the local government, the court has ruled it will remit to the Court of First Instance, given the decision taken by the Court of Second Instance that Moon Ocean ‘is not requesting the reinstatement of the concession contract premium paid to the government, but the amounts paid for the transfer of rights resulting from the concession,’ notes local broadcaster TDM Radio.
Moon Ocean faces off against the local government, Macau International Airport Company Ltd. (CAM), Sociedade de Turismo e Diversōes de Macau (STDM) and developer Tai Lei Loi as well as investment group Tai Fok Wah – the original concessionaires of the plots.
At the time Moon Ocean paid out MOP1.37 billion to transfer the provisional concession, as well as about MOP220.5 million in project development on the plot use plan, previously agreed upon, notes the broadcaster.
In 2012, the Chief Executive annulled the transmission of the concession for the five lots due to the corruption case involving former Secretary of Land and Public Works Ao Man Long. After this, Moon Ocean proceeded with its case against the entities to regain the money spent on concession transmission and works conducted.