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Real Estate

Monaco

The Principality of Monaco's buoyant economy, political stability, safety, ease of access and central location within Europe, attractive tax measures, excellent education system and pleasant climate mean high demand for property from Ultra High Net Worth Individuals (UHNWI) and a dynamic real estate sector for all involved.

The CMS team has significant expertise in property and construction law. Our property law team advises Monegasque and foreign clients on their complex transactions for the purchase, sale, audit, construction, rental or development of property. We also assist our clients with property disputes, including foreclosure and auction, as well as construction disputes.

Our lawyers have in-depth knowledge of real estate issues and advise clients on matters such as real estate construction and development, purchase and sale of property, commercial property, drafting and negotiating contracts, selling and leasing property, and any related disputes. We also work closely with our corporate law and banking and financial law teams to assist clients with financing and mortgage aspects.

Our specialisations include:

  • Purchase and sale of property
  • Investment and project financing
  • Property development
  • Construction
  • Residential and commercial leases
  • Litigation

We advise property developers, construction companies, banks, real estate companies, landlords, investors and tenants.

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06 April 2021
EU is­sues draft of Di­git­al Mar­kets Act aimed at cre­at­ing a new and fair...
The European Com­mis­sion has pub­lished a draft pro­pos­al for a new com­pet­i­tion law frame­work for large on­line plat­forms, called the Di­git­al Mar­kets Act (DMA). The Com­mis­sion pro­posed the DMA due to the...
09 February 2021
BAT con­clu­sions for large com­bus­tion plants an­nulled – What next?
On 27 Janu­ary 2021 the Gen­er­al Court of the European Uni­on de­clared the so-called BAT con­clu­sions for large com­bus­tion plants an­nulled. It is worth con­sid­er­ing what this rul­ing really means and what it...
14 January 2021
The rise of the glob­al ex­pert ser­vices prac­tice: Court of Ap­peal guid­ance...
A Court of Ap­peal de­cision earli­er this week has up­held an in­junc­tion gran­ted by the TCC pre­vent­ing an in­ter­na­tion­al ex­pert ser­vices firm from act­ing for more than one party to an in­ter­na­tion­al con­struc­tion...
15 December 2020
Five years after Hua­wei ZTE FRAND li­cens­ing ob­lig­a­tions again be­fore the...
On 26 Novem­ber 2020, the Düs­sel­dorf Re­gion­al Court an­nounced that it would sus­pend a pat­ent in­fringe­ment pro­ceed­ing and refer key ques­tions on com­puls­ory li­cens­ing of stand­ard es­sen­tial pat­ents (SEP)...
27 August 2020
Tail­ings Man­age­ment and New Stand­ards of Reg­u­la­tion
Tail­ings dam fail­ures have put the min­ing in­dustry in the head­lines for the wrong reas­ons in re­cent years. Dam fail­ures can have dis­astrous con­sequences in terms of loss of life and en­vir­on­ment­al dam­age...
07 August 2020
Treaty claims for can­celled or mod­i­fied in­fra­struc­ture pro­jects in the...
A re­cent IC­SID tribunal has denied an in­vestor’s claim con­cern­ing the de­vel­op­ment of an air­port pro­ject in Latvia. The in­vestor was un­able to pro­ceed with the con­struc­tion of its pro­ject due to nu­mer­ous...
05 June 2020
Ad­vance pay­ment bonds: “step­ping down” pro­vi­sions and more guid­ance on...
Last month we re­por­ted on a TCC de­cision which con­sidered the re­quire­ments for mak­ing and re­ject­ing a de­mand un­der an ad­vance pay­ment bond sub­ject to the URDG. Very sim­il­ar is­sues have now been con­sidered...
18/05/2020
COV­ID-19 | Sup­port Meas­ures for Mone­g­asque Com­pan­ies
The Gov­ern­ment of Monaco has taken ex­cep­tion­al meas­ures to sup­port Mone­g­asque com­pan­ies fa­cing eco­nom­ic dif­fi­culties due to the COV­ID-19 pan­dem­ic.The Prince’s Gov­ern­ment might modi­fy the list and the...
07 May 2020
The use of ex­perts in in­ter­na­tion­al con­struc­tion dis­putes: con­flicts of...
A re­cent de­cision of the Tech­no­logy and Con­struc­tion Court ap­pears to be the first re­por­ted Eng­lish de­cision to up­hold a fudi­ciary duty of loy­alty in an ex­pert wit­ness ap­point­ment. The find­ing in this...
07 May 2020
GRESB 2020 – It’s Ques­tion Time!
GRESB has launched its 2020 Real Es­tate As­sess­ment. GRESB is the lead­ing glob­al En­vir­on­ment­al, So­cial and Gov­ernance (ESG) bench­mark for the real es­tate and in­fra­struc­ture in­dus­tries. It is a vol­un­tary...
04/05/2020
End of lock­down in Monaco: our of­fices will re­open on 11 May
We are de­lighted to an­nounce the re­open­ing of our of­fices on 11 May.We will con­tin­ue to en­cour­age the hold­ing of re­mote meet­ings (by tele­phone or video­con­fer­ence), while of­fer­ing our cli­ents the pos­sib­il­ity...
06/04/2020
Cre­ation of a tem­por­ary right to hous­ing in Monaco
Act No. 1481 of 17 Decem­ber 2019 on civil solid­ar­ity con­tracts in­tro­duced a tem­por­ary right to hous­ing for the be­ne­fit of three cat­egor­ies of per­sons:The spouse en­titled to in­heritThe sur­viv­ing part­ner...