UOKiK begins to prosecute unscrupulous developers

According to the analysis, almost all of the 200 developer companies which were investigated, prepared and signed contracts which included several clauses which are unfairly detrimental to the interests of the final customer. The most shocking seems to be the fact that developer companies reserve the right to change the price of the apartments after signing the purchase contract. Another frequently practice was that construction companies often demanded between 2-10% of the value of the flat in the event that a customer withdrew from the deal. After analyzing the  report the Office began legal proceedings  against eight companies. Another 27 firms are now under investigation for violating the common interest of customers. If found guilty, the companies face fines of up to 10% of their revenues. (Gazeta Wyborcza, p. 19; Parkiet, p. 1; Rzeczpospolita, p. C1; Dziennik, The Wall Street Journal Supplement, p. 3) A.K.