The Company Formations Requirements of the New Irish Multi-Unit Development 'MUD' Act

The Company Formations Requirements of the New Irish Multi-Unit Development 'MUD' Act

The Company Formations Requirements of the New Irish Multi-Unit Development 'MUD' Act
Real Estate Issues and the Law

Sean Kavanagh, MD, Company Formations International Ltd (CFI) accesses the owner management company (OMC) formations requirements of the new Irish Multi-Unit-Development Act, or the 'MUD' act as it is now widely called, and highlights some areas that may require specific review. Explaining how the new legislation came into being, Sean points out that with over 500,000 people in Ireland living in apartment blocks and town house developments it was widely recognised that legislation to provide a statutory framework for the operation and governance of these multi-unit developments was long overdue. This came about earlier this year with the...
Source: Legal:Real-Estate-Law