"Sounds like they dotted the i's and crossed the t's to me. CHM can only have issue with the vendor who sold the land if they had no right to - and given the value of only $0.55m at that time CHM won't even cover their legal costs. What a bunch of losers."
If a vendor had no right (ownership) to an asset, ownership can not be transferred onto the purchaser, it remains the property of the prior legal owner. For example - you unknowingly buy a stolen car, got all the rego papers, insured it, fitted it out, maintained it and paid the annual rego it still not yours. If the previous legal owner can show that it is his car the law will require you to return without no regards to the costs you incurred. YOU have to and at your cost pursue the party that sold you the stolen car. AND that is very basic tort of theft and will be upheld in any court.
CHM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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