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Real World results of the PA Valley Forge reverse tax appeal decision
  • Reed Smith LLP
  • USA
  • September 13 2017

In early July 2017, in a case titled Valley Forge Towers Apartments N, LP, et al. v. Upper Merion Area School District & Keystone Realty Advisors, LLC


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


Step Aside, Payday Loans: There’s an Old Kid in Town
  • Reed Smith LLP
  • United Kingdom
  • August 29 2017

You could be forgiven for thinking that the Bills of Sale Acts of 1878 and 1882 would have been repealed by now, or could never apply to you, over


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


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


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


Bona fide purchasers protected from trustee action
  • Reed Smith LLP
  • USA
  • April 27 2009

The U.S. Court of Appeals for the Ninth Circuit has held that a bankruptcy trustee could not avoid an unauthorized sale of real estate to a bona fide purchaser although the proceeds of the sale did belong to the estate


Tenants in administration
  • Reed Smith LLP
  • United Kingdom
  • February 28 2009

Many landlords are experiencing the difficulties caused by tenants going into administration


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