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|Beyond the Policy: Are Title Insurers Liable for Negligence?|
Richard W. Smith; Bernstein Shur;
May 14, 2015, previously published on May 7, 2015When Longview Power built a coal-fired power plant costing well over a billion dollars, its lender obtained $825 million in title insurance coverage from First American, and First American signed Reinsurance Agreements with Old Republic and Stewart for the balance. After First American paid $41...
|When Your Contractor Shuts Its Doors|
Erik W. Fox, Nicole Annette Williams; Rees Broome, PC;
May 14, 2015, previously published on April 2015Every year, the community association industry is rocked by the failure of a major service provider. Fortunately, not all communities get hit by such failures, but, when it happens, the board is often left with the difficult task of picking up the pieces.
|Plaintiff's Unexplained Conduct Thwarts the 50-H Hearing Process: Claim against City and Housing Authority Conditionally Dismissed|
Abrams Gorelick Friedman Jacobson LLP;
May 12, 2015Finding himself "at a loss to find any justification in plaintiff's attorney's action", Justice Frank P. Nervo conditionally granted a motion to dismiss a personal injury action for conduct that "thwarted the 50-h hearing process."
|Province Announces Coordinated Review of Ontario's Land Use Plans|
Jonathan Feldman, Eric Goldberg, Neill May; Goodmans LLP - Toronto;
May 12, 2015, previously published on February 27, 2015The Minister of Municipal Affairs and Housing announced today a coordinated review of four provincial land use plans: (i) The Growth Plan for the Greater Golden Horseshoe, (ii) The Greenbelt Plan, (iii) The Oak Ridges Moraine Conservation Plan, and (iv) The Niagara Escarpment Plan. Together these...
|Valuation: Duty of Care to Investors
May 11, 2015, previously published by ParrisWhittaker.comWhat is the extent of a valuer’s duty of care to an investor? The UK courts have considered this issue, which is of particular importance to the property and financial sectors, surveyors, and other experts. The expert commercial litigation lawyers at Bahamas law firm ParrisWhittaker are...
|Fraudulent Misrepresentation: Be Truthful When Selling Property|
May 11, 2015, previously published by ParrisWhittaker.com on Spring 2015A cautionary tale from the UK courts has emerged concerning fraudulent misrepresentations made to the purchasers during a property sale - leading to a substantial damages award. The expert commercial and property litigation lawyers at Bahamas law firm ParrisWhittaker are highly experienced in...
|New Practice Note on Sale of First-hand Residential Properties in Hong Kong|
Jessica T. I. Ip, Alan T. S. Yip; Mayer Brown LLP;
May 7, 2015, previously published on April 2015On 29 April 2015, the Sales of First-hand Residential Properties Authority (“SRPA”) issued a new practice note No.PN01/15 (“New Practice Note”) recommending that, from 1 June 2015 onwards, vendors of all first-hand residential developments should display in the sales offices...
|Investing in UK Commercial Real Estate|
Paul Brecknell, James Martell, Jeremy Wakeham; Withers Bergman LLP;
May 7, 2015, previously published on February 02, 2015This note is addressed to investors and their advisers who are not familiar with the acquisition of commercial and mixed-use properties in the UK.
|For Sale By Owner - What you need to Know about Selling and Purchasing a Home Marketed "By Owner"|
Hallie Fisher, Daniel F. McIntosh; Lowndes, Drosdick, Doster, Kantor & Reed Professional Association;
May 7, 2015, previously published on April 29, 2015With Orlando's fast-growing economy and projects such as the Creative Village in downtown Orlando and the Medical City in Lake Nona, Orlando has earned the ninth spot on Forbes' list of "Fastest Growing Cities." Clearly, people are moving to Florida at a high rate, and these transplants...
|Commercial Real Estate Brokers Now Subject to the Same Dual Agency and Disclosure Laws as Residential Brokers|
Katie R. Jones; Miller Starr Regalia A Professional Law Corporation;
May 7, 2015, previously published on January 1, 2015As of January 1, 2015, commercial real estate brokers and salespersons will be required to comply with a stringent set of agency disclosure requirements formerly applicable only to residential brokers, expressly setting forth their agency role (i.e. as the agent of a buyer, seller, tenant,...