In Reply to: help posted by Elena on Monday, 15. November 2004 at 07:35 Bali Time:
to do is go to a solicitor (or if U are in Bali, a notary) and have a legal agreement drawn up between the two of you. First, the agreement must say that he owes you a debt of the value of your investment by way of a personal loan from you to him. Secondly, (& possibly on a seperate agrement) you have to have another agreement which gives you irrevocable power of attorney over the land and buildings, by way of a caveat, so that he cannot do anything about the property without your written consent. U can bluff a bit and tell him it is for your accountant and tax reasons.. Whilst none of the above are totally secure under Balinese law, at least U will ahve the element of bluff.. and Indonesians hate a confrontation of any sort. If it gets really seriously bad, he has the choice to either sign all over to you as power of attorney, or risk you asking Immigration how best to proceed with his visa!! At the end of the day, legally you are up a creek in a holey canoe without a paddle.