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(US) not all title companies are created equal: choosing wisely

  • Reed Smith LLP
  • -
  • USA
  • -
  • October 30 2014

Selecting a title company for a transaction is influenced by a number of factors, including the level of customer service, responsiveness and

Secured lender took sufficient affirmative action to effect the assignment of rents

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

The debtor executed a mortgage and assignment of rents in favor of the lender

Landlord’s corner

  • Reed Smith LLP
  • -
  • USA
  • -
  • September 13 2010

In this edition of the Landlord's Corner, we review various cases that address the (i) rights of landlords to recover their property post-rejection, (ii) whether payments pursuant to a termination of lease agreement constitute preferential transfers and (iii) whether a lease could be retroactively rejected in the absence of a formal motion to reject

'It takes hutzpah!': D.C. federal judge issues stunning rebuke of HUD disparate impact rule

  • Reed Smith LLP
  • -
  • USA
  • -
  • November 5 2014

On November 3, 2014, Judge Richard J. Leon of the U.S. District Court for the District of Columbia, issued a scathing opinion striking down a

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

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

Court of Appeal considers the grounds for reopening an application for reconsideration of a refusal to allow permission to appeal

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • January 6 2011

In Trevor Guy v Barclays Bank plc 2010 EWCA Civ 1396 the Court of Appeal heard an application under CPR 52.17 for reconsideration of a refusal to grant permission to appeal a summary judgment decision

Ninth Circuit joins Eleventh, holds there is federal common law of receivership

  • Reed Smith LLP
  • -
  • USA
  • -
  • October 15 2009

The U.S. Court of Appeals for the Ninth Circuit has held that there is a federal common law of receivership in the context of real property security interest, joining the Eleventh Circuit

PA University's housing non-profit stripped of tax exempt status

  • Reed Smith LLP
  • -
  • USA
  • -
  • March 6 2014

In January 2014, the Monroe County (PA) Court of Common Pleas stripped recently awarded HUP status from a not-for-profit student housing corporation

Legal break clauses

  • Reed Smith LLP
  • -
  • United Kingdom
  • -
  • January 13 2012

A High Court case reported this week shows how difficult it can be for tenants to operate a conditional break clause in a lease