Settlement dispute in a land trade (opens in new tab)
A piece of land was bought. Party A contributed 1,500mil (paid fully and on time) and party B contributed 270mil (200mil upfront and 70mil due later, to be taken from the proceeds of sale). Then later, the land was sold at 2,190mil. Party A received all the money from the sale into his account and he should distribute the money. He gave 350mil to party B to pay some expenses of the sale: 70mil broker fee (both party must pay since it’s a joint expense) 30mil broker fee (only party A’s obligat...
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