Concerning the 13 plots leased by the government to subsidiaries of Nam Van Development Company, veteran lawyer Jorge Neto Valente, who heads the firm, said yesterday that asking for compensation would only be a last resort if the government decided to repossess the plots upon expiration of their 25-year provisional concessions at the end of the month for having been left undeveloped.
During a forum on the Land Law, hosted by the company at the World Trade Centre Macau in Nape, Neto Valente, who heads the Macau Lawyers Association (AAM), said he was not representing the association when making the remarks.
Asked by reporters whether the company would take legal action if the government decided to repossess the plots, which are located in Nam Van’s Zones C and D, Neto Valente said the company wanted to “find a solution”, adding that investors preferred to develop their projects instead of asking for compensation.
Nam Van Development Company Ltd. President Jorge Neto Valente (left) talks at yesterday’s forum at the World Trade Centre Macau in Nape while the company’s Executive Director Patrick Wong Tsu An looks on. – Photos: Ian Sio Tou
Government-appointed lawmaker-cum-legal scholar Gabriel Tong Io Cheng (centre) talks during yesterday’s forum while indirectly-elected lawmaker-cum-lawyer Leonel Alberto Alves (left) and lawyer Gonçalo Mendes da Maia, both speakers at the forum, look on.
