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Results: 1-10 of 83

Pennsylvania Supreme Court affirms the Dunham rule and restores certainty to oil and gas law

  • Reed Smith LLP
  • -
  • USA
  • -
  • May 1 2013

Last August, we reported that a Pennsylvania Superior Court decision (Butler v. Charles Powers Estate) threatened to undermine nearly 200 years of

New York High Court rules that statutory interest not included with liquidated damages - unless you say so

  • Reed Smith LLP
  • -
  • USA
  • -
  • February 14 2013

A recent opinion by New York's highest court (J. D'Addario & Co. v. Embassy Indus., Inc. Slip Op 07850, Court of Appeals) held that a seller's "sole

Court grants parent companies standing to sue lender as third-party beneficiaries of loan commitment agreements

  • Reed Smith LLP
  • -
  • USA
  • -
  • June 15 2011

A real estate lender agreed to finance three existing projects by lending money to three separate Single-Asset Bankruptcy Remote Entities (SABREs), owned by certain real estate investments trusts, and to finance $160 million in future ventures of the trusts, with further SABREs to be created as each deal came to fruition

Financing contingencies and earnest money deposits: if I can't get my loan, I get my deposit back, right?

  • Reed Smith LLP
  • -
  • USA
  • -
  • February 22 2012

Real estate purchasers whose contract permits the return of the earnest money deposit if financing cannot be obtained must be extremely careful in how this contingency is worded in the purchase contract, or a purchaser may get an unwelcome surprise, and be forced to forfeit the earnest money when financing cannot be obtained

Renewal lease changing terms

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • December 17 2012

Most landlords are reasonably familiar with the rules set out in O’May v City of London Real Property Co Limited

Court finds defendants knowingly waived right to jury trial, affirms such waivers must be clear

  • Reed Smith LLP
  • -
  • USA
  • -
  • December 19 2011

Defendant Bethany Holdings Group, LLC borrowed more than $200 million from Lehman, securing the loans with mortgages on real properties

News on guarantees

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • July 28 2011

Last spring we posted on the difficulties facing landlords and tenants as a result of the High Court decision in Good Harvest

Court denies lender’s motion to dismiss Section 547 preference action seeking to avoid valid foreclosure sale

  • Reed Smith LLP
  • -
  • USA
  • -
  • December 19 2011

The lender foreclosed on the borrower’s property after the borrower defaulted on its loan obligations

Enforceability of guarantees - bad news for landlords

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • March 2 2010

A decision by the High Court on the liability of a guarantor has just been published and is already causing concern and consternation in the market

Unenforceability of guarantees - bad news for tenants too?

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • March 24 2010

A recent High Court decision on the liability of a guarantor is already causing investors concern

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