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HTMLCourt of Appeals Affirms Holding That Letter of Intent is Enforceable Where It Contained All Necessary Terms and Did Not Explicitly Reject Being Bound.
Gregory S. Emrick; Semmes, Bowen & Semmes A Professional Corporation;
Legal Alert/Article
March 27, 2015, previously published on February 2015
Falls Garden Condominium Association, Inc. (“Falls Garden”) mistakenly believed that it owned 65 parking spaces adjacent to their building. After 23 years, Falls Garden set up parking signs indicating unauthorized vehicles would be towed. The actual lot owner, Falls Homeowners...

 

HTMLSacramento Kings Win Again; Second CEQA Challenge Rejected
Shadi Mahmoudi, Maria Pracher; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
March 27, 2015, previously published on March 10, 2015
The Court of Appeal for the Third Appellate District of California has ruled in favor of the City of Sacramento with regard to a series of challenges brought under CEQA to certification of an EIR and approval of a project to build a new arena in downtown Sacramento. The project involves a...

 

HTMLCEQA “Common Sense” Exemption Upheld; Environmental Baseline for Project Following Improvements Pursuant to an Emergency Exemption Clarified
Shadi Mahmoudi, Maria Pracher; Sheppard, Mullin, Richter & Hampton LLP;
Legal Alert/Article
March 27, 2015, previously published on March 10, 2015
The Fourth District Court of Appeal upheld a CEQA exemption related to the City of San Diego’s approval of a project comprising emergency storm drainage repair and site revegetation. The decision addressed various CEQA issues, including the environmental baseline determination, the...

 

Adobe PDFOverview of Real Estate Investments in Italy
Alessandro Corno, Luca Ferrari, Eriprando Guerritore, Francesca Tresoldi, Matteo Troni; Jones Day;
Legal Alert/Article
March 27, 2015, previously published on January 2015
Real estate investments in Italy are mainly carried out via one (or a combination) of the following types of investment vehicles.

 

HTMLConsider a Receiver's Sale as an Alternative to a Sheriff's Sale in Ohio
Benjamin Hoen; Weltman, Weinberg & Reis Co., L.P.A.;
Legal Alert/Article
March 27, 2015, previously published on March 20, 2015
Receivership has traditionally been used in foreclosure cases in order to collect rents from tenants while the foreclosure case is pending. Ohio's recently amended receivership statute1, which becomes effective on March 23, 2015, establishes new grounds for the appointment of a receiver, expands...

 

HTMLCFPB Observer: Recent Developments from Feb. 9-13, 2015 
Peter L. Cockrell, Brett M. Kitt, Gil Rudolf, J. Scott Sheehan; Greenberg Traurig, LLP;
Legal Alert/Article
March 24, 2015, previously published on February 17, 2015
On Feb. 9, the CFPB issued a report on consumer complaints regarding reverse mortgages. A reverse mortgage, which is only available to people above a certain age, is a particular type of home mortgage loan that permits older homeowners to access the equity in their homes. Repayment of the loan is...

 

HTMLCFPB Increases Scrutiny With Respect to Mortgage Loan Advertising Practices
Jack J. Lah; Weltman, Weinberg & Reis Co., L.P.A.;
Legal Alert/Article
March 24, 2015, previously published on March 3, 2015
The Consumer Financial Protection Bureau ("CFPB") has been quite active over the past thirty days. The CFPB has, as of late, increased its scrutiny with respect to mortgage loan advertising practices, alleged kickbacks and reverse mortgages.

 

HTMLIt’s a Bird, It’s a Plane, It’s...Super Priority! A Brief Primer on Purchase Money Security Interests
Jamie Watkins Bruno; Williams Mullen;
Legal Alert/Article
March 24, 2015, previously published on March 5, 2015
A “purchase-money security interest” (or “PMSI”) is a security interest securing a “purchase-money obligation”, or an obligation incurred by a debtor to buy collateral (known as “purchase-money collateral”). Such obligation can be in the form of...

 

HTMLApartment Living in the Lehigh Valley’s Cities on the Rapid Increase
Scott B. Allinson; Norris McLaughlin & Marcus, P.A. A Professional Corporation;
Legal Alert/Article
March 23, 2015, previously published on January 21, 2015
It was recently reported that a 62-year-old long-time resident of North Whitehall Township is planning to sell his 3,400 square foot home in order to move into City Center’s new Strata Flats apartment complex located directly across from the PPL Center Arena and new Marriott Renaissance...

 

HTMLPayment by Installments for Changing the Permitted Use of the Land Parcel in Moscow is Possible
Elena Stepanova; Capital Legal Services;
Legal Alert/Article
March 23, 2015, previously published on March 2015
The Moscow Government provided the landowners an opportunity to pay for the permitted use in installments

 


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