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Results: 1-10 of 323

Defects during the project life cycle: FIDIC and UAE law
  • Reed Smith LLP
  • United Arab Emirates
  • May 19 2016

Defects affect construction projects throughout their life-cycle - from design to construction to use. UAE law and the FIDIC Red Book, the most


California Supreme Court Holds Localities Can Apply Documentary Transfer Tax to Transfers of Interests in Property-Holding Entities
  • Reed Smith LLP
  • USA
  • June 29 2017

The California Supreme Court, in a 6-1 decision, has held that a city or county may impose documentary transfer tax on the transfer of


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


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


Secured creditors need not file a proof of claim to lift the automatic stay to proceed with a foreclosure action
  • Reed Smith LLP
  • USA
  • December 19 2011

An individual debtor appealed the Bankruptcy Court’s orders lifting the automatic stay to permit two creditors to proceed with foreclosure proceedings on real property


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 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


Subtenant retains possessory rights under section 365(h) despite explicit free and clear section 363(f) sale
  • Reed Smith LLP
  • USA
  • June 12 2013

At a "free and clear" asset sale, a buyer obtained a lease of real property that the bankruptcy court held was not free and clear of interests after


Junior lien holder bankruptcy stays foreclosure by senior lien holder
  • Reed Smith LLP
  • USA
  • April 27 2009

A bankruptcy filing by a property owner may not be the only action that prevents foreclosure of a security interest in that property held by a secured creditor


Reverse property assessment appeals: Commercial properties owners have a friend in the Pennsylvania Supreme Court
  • Reed Smith LLP
  • USA
  • July 7 2017

In a landmark case titled Valley Forge Towers Apartments N, LP, et al. v. Upper Merion Area School District & Keystone Realty Advisors, LLC, No. 49