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Court rules on permit delays and project delivery
The Court of Cassation ruled that delays in obtaining building licenses or administrative permits do not exempt real estate development companies from delivering the residential units, especially if they have entered into a sales contract and received the full payment before fulfilling those licenses. The court affirmed that such delays do not constitute a force majeure justification for non-performance, and that the company is responsible for the sale prior to completing the legal procedures. Moreover, the obligation to deliver is considered a fundamental legal obligation, even if it is not explicitly stated in the contract. The court ordered the annulment of the sales contract, the refund of the amount of 1,200,000 Egyptian pounds, along with compensation of 300,000 pounds to the buyer for material and moral damages. It emphasized that real estate development companies are liable if units are sold before the necessary licenses are fully obtained.
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