City Law denies having advised claimant in ‘99-to-1’ lawsuit
The firm says it only assisted in the conveyancing of Melvin Li’s property transactions
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THE law firm that is being sued over two “99-to-1” property deals – alongside mainboard-listed PropNex ’s subsidiary and its agent – disputed having advised the claimant that these transactions were legal and valid.
City Law is contesting all the allegations, including of being negligent and breaching its duty of care to the claimant Melvin Li in his purchases of a 1 per cent interest in his parents’ newly bought properties that the firm handled.
In its defence filed on Friday (Mar 7), City Law claimed that it only assisted in the conveyancing of the property transactions. The scope of its work did not include advising on the legality or potential implications of the “99-to-1” arrangement.
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