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HTMLArgentina's Parliament Approves A Measure Limiting Amount Of Land That Can Be Purchased By Foreigners
Alejandro E. Moreno; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
February 13, 2012, previously published on February 10, 2012
Fluctuating commodity prices, particularly with respect to the price of food and basic staples, have created a significant demand for arable land. The demand for arable land has, in turn, boosted the price Argentina's rural land and caused a flurry of foreign investment. In response to acquisition...

 

HTMLA Win-Win Solution - Using Tax Increment Financing to Pay for Infrastructure Improvements in Areas Impacted by Oil and Gas Production from Shale
Chris L. Connelly, Scott J. Ziance; Vorys, Sater, Seymour and Pease LLP;
Legal Alert/Article
February 13, 2012, previously published on February 13, 2012
The development of oil and gas from Utica shale is one of the most significant opportunities for economic development in Ohio in the recent past. For example, geologists have estimated that Ohio’s portion of Utica shale alone could contain up to 15 trillion cubic feet of natural gas and 5...

 

Adobe PDF$25 Billion Foreclosure Settlement Announced with the Nation’s Five Largest Mortgage Services Providers
Ryan L. DiClemente, Francis X. Riley; Saul Ewing LLP;
Legal Alert/Article
February 13, 2012, previously published on February 2012
On February 9, 2012, federal and state officials announced a $25 billion foreclosure settlement with the nation’s five largest mortgage services providers: Bank of America, JPMorgan Chase & Co., Wells Fargo & Company, Citigroup Inc. and Ally Financial Inc. The settlement agreement is...

 

HTMLMaryland Senate Considers Bill to Restrict Brokers' Rights to Commissions
Lawrence F. Haislip; Miles & Stockbridge P.C.;
Legal Alert/Article
February 10, 2012, previously published on February 2012
A bill entitled the “Real Estate Reform Act of 2012,” filed as SB 538 on February 3, 2012, could significantly restrict Maryland’s real estate brokers’ entitlement to commissions, by fundamentally altering the existing statutory framework, outlawing contractual revision of...

 

HTMLRenegotiation of The France-Luxembourg Tax Treaty Targets Capital Gains on French Real Estate Companies
Jérôme Delaurière, Jeffrey M. Trinklein; Gibson, Dunn & Crutcher LLP;
Legal Alert/Article
February 8, 2012, previously published on February 7, 2012
The French tax authorities have announced their decision to renegotiate the France-Luxembourg tax treaty. Such renegotiation is going to impact many investors holding French real estate investments through Luxembourg entities.

 

Adobe PDFApplications for Property Tax Reductions due March 31
Dana A. Rose; Weston Hurd LLP;
Legal Alert/Article
February 8, 2012, previously published on January 2012
A recent article in the Cleveland Plain Dealer (January 8, 2012) noted that despite plummeting values for residential real estate (and commercial real estate as well for that matter) during the last six years, tax rates increased in 95% of the taxing districts across Cuyahoga, Geauga, Lake, Lorain,...

 

Adobe PDFJustice Department Establishes Residential Mortgage-Backed Securities Working Group
Cadwalader Wickersham Taft LLP;
Legal Alert/Article
February 8, 2012, previously published on January 31, 2012
At a press conference on January 27, 2012, Attorney General Eric Holder, accompanied by the SEC Director of Enforcement, the Secretary for the Department of Housing and Urban Development, the Assistant Attorney General for the Civil Division, and the New York Attorney General, among others,...

 

HTMLMaryland Legislature Considers Bill to Collect Recordation and Transfer Taxes from Foreclosing Lenders
Lawrence F. Haislip; Miles & Stockbridge P.C.;
Legal Alert/Article
February 7, 2012, previously published on January 2012
A bill now under consideration by the Maryland Senate could significantly increase the financial risks of foreclosing lenders, by making them liable for unpaid recordation and transfer taxes when they purchase properties at foreclosure sale and by fixing the time for lenders to dispose of, or to...

 

HTMLD.C. Green Building Act - January 1, 2012 Update
Christine A. Roddy, Paul A. Tummonds; Goulston & Storrs A Professional Corporation;
Legal Alert/Article
February 7, 2012, previously published on January 2012
As of January 1, 2012, the District of Columbia’s Green Building Act (“GBA”) requires that all new construction and major renovation of non-residential buildings greater than 50,000 square feet meet the LEED requirements.

 

HTMLAvoiding Pitfalls in Home Mortgage Foreclosures: Recent Changes to Michigan Law
John T. Gregg, Patrick E. Mears; Barnes & Thornburg LLP;
Legal Alert/Article
February 7, 2012, previously published on February 3, 2012
Michigan’s Governor Rick Snyder recently signed into law three bills regulating mortgage foreclosure by advertisement proceedings in the State of Michigan. These bills are denominated as Public Acts of 2011 ## 301-303, which affect certain provisions of MCL §§ 600.3201, et seq....

 


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