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Articles from Related Newsletters
Should I Stay or Should I Go?Commercial Leasing Law & StrategyThe purpose of a “cure period” provision is to allow the tenant an opportunity to cure a default under the lease before further action can be taken unilaterally by the landlord. However, what happens if the landlord attempts to terminate the lease before the tenant has cured the default and before the end of the cure period? Is this early notification invalid or does it become effective immediately upon the expiration of the cure period without cure?
FTC Releases Franchise Rule Compliance GuidesLJN's Franchising Business & Law AlertPerhaps you’ve heard: On Jan. 23, 2007, the Federal Trade Commission adopted the comprehensively revised FTC Franchise Rule (“The Amended Rule”) and released the “Statement of Basis and Purpose” (“SBP”), which clarified the Amended Rule’s requirements and prohibitions. Compliance with the Amended Rule has been optional since July 1, 2007, and became mandatory on July 1, 2008.
Court of Appeals Affirms Owner Occupancy Rights Under Rent StabilizationNew York Real Estate Law ReporterIn its June 3, 2008, decision in Pultz v. Economakis, the New York State Court of Appeals unanimously ruled that there is no limit on the number of rent-stabilized units an owner can attempt to recover for owner occupancy. The ruling was a major victory for rent stabilized landlords.
Notice-of-Circumstances Provisions in Claims-Made PoliciesThe Insurance Coverage Law BulletinAs insurers under D&O policies respond to the claims activity likely to be generated by the subprime mortgage crisis, they should consider whether their policyholders are complying with notice provisions commonly found in “claims-made” policies dealing with notice of potential claims and the submission of claims outside of the current policy period.
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Headlines
And on the 46th Day, Who Wins?This article provides a review of the basic principles of federal tax liens and secured transactions under Article 9 of the UCC and discusses certain issues that arise with respect to the priority of federal tax liens against certain interest holders under the "45-day rule" of the Internal Revenue Code of 1986, as amended.
Agreements for Future Relief from Automatic StayThe question, "Can we get them to agree not to file bankruptcy in the future?" must be near the top of the list of things clients most commonly ask their transactions and workout lawyers.
Court Finds Compelled Purchase Option in SILO CaseConclusion of a discussion on the recently decided AWG Leasing Trust case, in which a federal district court found against a taxpayer that engaged in a cross-border sale-leaseback of a waste-to-energy facility located in Germany.
In the MarketplaceBusiness transactions of interest.
October Issue in PDF Format
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