Peter Goldishman rejects proposed rule to limit real estate ownership to no more than two per legal entity

A proposed document on property ownership advising His Mount Vema Majesty King Peter Goldishman in March this year 2023, to introduce a rule to state that except for the state, no person or legal entity of Mount Vema including foreign entities will be permitted to own more than two properties in the Kingdom of Mount Vema was rejected by the Sovereign.
 
The Office of His Mount Vema Majesty the King issued a statement today that the King has no plans to introduce such rule for the time being.  The statement also said that the Kingdom of Mount Vema already has statutory instruments in place such as the Vema Seamount Settled Land Act, 2019, and The Law of Property (Vema Seamount) Act, Mount Vema 2019, for regulation and better distribution of wealth in the territory with regards to real estate.
 
The Vema Seamount Settled Land Act 2019, is a legislation relating to power to grant land for public, and charitable purposes, powers of tenants for life, power for tenant for life to enter into contracts, powers of sale and exchange, regulations related to rents of land for building, and fishing, and matters relating to general settlement within the Vema Seamount Territorial waters (in Mount Vema), and The Law of Property (Vema Seamount) Act 2019, is a legislation to make provisions related to conveyancing and the law of property in the Kingdom of Mount Vema. >>>