Kernrechtsfrage
Whether converting co-ownership into condominium ownership followed by an allocation constitutes an apartment alienation requiring authorization under the LDTR.
Extrahierter Entscheid
Yes. The sequence is treated as a direct transfer of condominium units and therefore falls under the authorization regime for apartment sales.
Extrahierte Begründung
The court equated the practical effect of the transactions with the alienation of an apartment. A share transfer followed shortly by conversion into condominium ownership and allocation cannot escape the LDTR authorization requirement.