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Malaysia: Strata management tribunal – Classification of claims

/ Owner - July 19, 2018

A claim that is filed with the Strata Management Tribunal (SMT) may be classified either for negotiation or for hearing pursuant to the Strata Management (Strata Management Tribunal) Regulations 2015 (SMT Regulations).  The term negotiation is defined by BusinessDictionary.com as bargaining (give and take) process between two or more parties (each with its own aims, needs, and viewpoints) seeking to discover a common ground and reach an agreement to settle a matter of mutual concern or resolve a conflict. Uslegal.com defines negotiation as any communication process between individuals that is intended to reach a compromise or agreement to the satisfaction of both parties.     Read the article………………

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