(Ecofin Agency) - The Court of Cassation of Morocco has issued a decree to protect good-faith purchasers of lands, reports daily L’Economiste. “During a recent plenary meeting, the country’s highest judicial body said it would protect good-faith purchasers at the expense of victims of spoliation,” reveals the newspapers. It however highlighted that the news is yet to be confirmed or overturned by the court.
Though the decision conforms to measures that are part of the Real Property Code of 2011, which grants the buyer a property on a good faith basis, as long as fraud or forgery was not proven by the seller with a period of four years, it contrasts with the context where land tenure has been declared a main concern for Morocco.
“Property spoliation has become very concerning as it has expanded in an alarming manner. It must therefore be dealt it rapidly to prevent from negatively impacting the State and the rights of owners,” reads a letter written by the king addressed to the minister of Justice and Liberty, Mustapha Ramid.