Laws and Regulation
Similarities and Differences Between Pledges and Hypothecs
According to Articles 816 and 843 of the Civil Code, a pledge is different from a hypothec. For pledge transactions, the creditor has the right to possess and use the pledged property. However, in the case of hypothec transactions, the creditor has no right to possess the collateral, which means debtors can still can use […]
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Old Monivong Bridge Closed for 3 Days for Repairs
The old Monivong Bridge will be temporarily closed for three days for new pavement works, according to a Phnom Penh Municipality announcement on 07 April. The traffic closure starts from 8am on 08 April until 10 April 2021. Therefore, the traffic will be diverted to the new Monivong Bridge, in both directions. The renovation of […]
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Telecoms Ministry Issues Four New Guidelines for Borey & High-Rise Project Owners
The Ministry of Posts and Telecommunications has issued four new guidelines for borey and high-rise project owners to follow, to strengthen the quality of telecommunication services in Cambodia. According to the recent announcement by the ministry, the four new orders include: 1) Borey or high-rise building owners must not enter into an exclusive contract with […]
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Apsara Authority Warns Locals to Stop Land Selling Transactions in Angkor Protected Area
The Apsara Authority has repeatedly warned the public to immediately cease any land buying and selling transactions in the Angkor heritage protected site or face legal action. The Authority issued the warning letter on 01 April after discovering a Facebook page posting contents selling land plots in the Angkor protected area. “The purchase and sale […]
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Three Communes Extracted from Kampot Province to Form New Bokor City
The government has decided to take three communes from Tuek Chhou district in Kampot province to form a new Bokor City’ according to a sub-decree issued on 16 March. The three communes include Boeng Tuk, Koh Toch, and Prek Tnout communes, which will be converted into Sangkats. Meanwhile, according to the sub-decree, the administration of […]
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More Land Encroachment Found in Mondulkiri, Governor Warns of Severe Legal Action
The Mondulkiri Provincial Administration has discovered more land encroachment activities along the Cambodia-Vietnam border and warned it will crack down on those encroachers without exception. Mondulkiri Governor Svay Sam Eang said during the borderline inspection on 27 March that the officials have found some people encroaching on state land in Phnom Nam Lyr Wildlife Sanctuary. […]
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Preaek Pra Canal Land Encroachers Warned With Legal Action
The Chbar Ampov District Administration has warned about taking legal action against those who continue to build properties on both sides of the Preaek Pra canal in Sangkat Preaek Pra and Sangkat Prek Thmey after many soft warnings have been issued. According to the warning letter issued on 24 March, the objective of stopping this […]
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Gov’t Urges Building owners to Not Terminate Tenant Contracts for Late Payment
The Cambodian government has called on all building owners to not terminate contracts or evict tenants in case they are unable to pay their rent during the COVID-19 crisis. According to the official statement released on 25 March, the request also refers to the landlords of business buildings and factories. Both landlords and tenants shall […]
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Gov’t Extends Tourism-Related Business Tax Exemption for Three More Months
The government has decided to extend the tax exemption for the tourism, hospitality, and aviation businesses in seven target provinces until June this year. According to the government statement issued on 25 March, the seven target provinces include Phnom Penh, Siem Reap, Sihanoukville, Kep, Kampot, Bavet, and Poipet. However, these businesses still have to file […]
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Let’s Find Out! EP68: Why is it Necessary to Inspect and Verify Construction Works?
The inspection and verification of construction work by a professional or a licensed certifier firm is legally required before starting to build or demolish any construction work. Why is it necessary to inspect and verify construction? What types of constructions are required to be inspected and verified? Subscribe to the Construction & Property TV Channel and joint Telegram Channel Construction & Property News for more up-to-date construction and property news.
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