Lerch, Early & Brewer, Chartered

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Do a Golf Course's Green and Driving Range Fees Constitute Rents After a Bankruptcy Filing?
John E. Tsikerdanos, May 8, 2013
In bankruptcy law, a lender can retain a security interest in cash collateral only for rents derived directly from the occupancy of real property. A U.S. Bankruptcy appellate panel recently ruled that a bank’s security interest in a golf course’s green fees and driving range fees did...

The Advantages and Enforceability of Forum Selection Clauses
Nicole Necklas Soraruf, May 8, 2013
Loan documents not only document a loan to a borrower but also govern what will happen if that borrower defaults and the lender must sue the borrower. Several aspects of such a lawsuit can and should be addressed in the loan documents. One of the important provisions is the forum selection clause.

Transfer and Recordation Tax Exemption May Be Extended to LLCs and Other "Business Entities"
Cindi E. Cohen,Ann Marie Mehlert, April 23, 2013
The Maryland House and Senate have passed legislation that would expand the exemption from transfer and recordation taxes for certain transfers between a parent and its subsidiaries or two or more subsidiaries to include transfers between affiliated limited liability companies. There is currently...

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