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Read Business Organization updates, alerts, news, and legal analysis from leading lawyers and law firms:

OTA & Travel Distribution Update - May 5th, 2017

by Garvey Schubert Barer on

Our OTA & Travel Distribution Update for the week ending Friday, May 5, 2017 is below. - Industry To Again Focus Attention on Distribution Duopoly [OTA]. In an article last week, Bloomberg shared details from an AHLA...more

Have Yourself a Very Trumpy Tax Plan

by Dechert LLP on

Well, we’ve had the big reveal and the administration’s new tax plan is out. This plan, announced with a great deal of fanfare, feels more like a campaign promise than an actual executable plan. At two hundred forty-six...more

Proposals for register of beneficial owners of foreign entities owning UK real estate

by DLA Piper on

On 5 April 2017 the UK Government published a consultation (or "call for evidence") on proposals for a new beneficial ownership register for overseas companies and other legal entities owning UK real estate. The consultation...more

How the Trump Presidency May Affect Commercial Real Estate Investment in Mexico

by Shearman & Sterling LLP on

As the United States’ neighbor and second-largest trading partner, no country has followed President Trump’s rhetoric quite like Mexico. While sometimes it seems that even soothsayers cannot predict what the President will...more

How Trump’s Presidency Could Impact the Commercial Real Estate Market

by Shearman & Sterling LLP on

Many economists believe that the Donald Trump presidency will bring with it an era of higher interest rates, inflationary policies, tax cuts and infrastructure spending. Such an environment would have mixed consequences for...more

UK Autumn Statement 2016: real estate

by DLA Piper on

Interest relief restrictions - The adoption of the interest deductibility restrictions from April 2017 onwards will continue. The basic elements of the rules will remain as previously announced - a cap on deductions at...more

ISS Updates 2017 Voting Policies, Including Adoption of Policy to Recommend Against NCG Committee Members of Companies that...

by Goodwin on

On November 21, 2016, Institutional Shareholder Services (ISS) released final changes to its voting policies for 2017. One of ISS’s changes is the adoption of a new policy to recommend against the election of Nominating &...more

ISS Proposed 2017 Voting Policy Would Result in Recommendations Against NCG Committee Members of Many REITs

by Goodwin on

On October 27, 2016, ISS released certain proposed changes to its voting policies for 2017 for comment. One of its proposed changes is to recommend against the election of NCG committee members of any company that eliminates...more

New draft regulation on REITs

by DLA Piper on

On 14 October 2016, the Polish government published a long-awaited draft of a new law on real estate investment trusts (REITs) (Polish: spólki rynku wynajmu nieruchomosci). The draft has now been referred to public...more

Enacting and Enforcing Local Ordinances to Prohibit Medical Marijuana Dispensaries – Up in Smoke?

by Miller Starr Regalia on

California’s cities and counties have a long and growing track record successfully defending challenges to their land use authority filed on behalf of medical marijuana dispensaries. These successes are largely a product of...more

Contractors Do It, PIs Do It; Why Not Real Estate Brokers?

by Allen Matkins on

Individuals and corporations, but not limited liability companies, may be licensed as real estate brokers under the California Real Estate Law. This is a result of a bargain reached when California’s enacted its first...more

Here’s the Deal: Georgia Governor Signs Several Significant Tax Bills

Following the conclusion of Georgia’s 2016 legislative session, Governor Nathan Deal signed into law several tax bills touching on a wide range of tax matters, including sales and use taxes, property taxes, corporate income...more

Closing California’s Perceived Prop 13 Corporate Loophole

by Alston & Bird on

SB 259, a bill that includes language to close the perceived loophole in the portion of Proposition 13 which governs “changes of ownership” in entities that own real property located in California, has been returned to the...more

UK Budget 2016: Real Estate

by DLA Piper on

Yesterday George Osborne delivered the 2016 Budget. There were some significant announcements for the real estate industry....more

UK Budget 2016 – Overview

by White & Case LLP on

The Chancellor has presented a packed March Budget bursting at its seams with measures impacting businesses and individuals alike... ..The first reference to tax in his statement was to "tax avoidance" and that tells...more

Flash: Congress Fixes the CMBS Risk Retention Problem (Just Kidding)

by Dechert LLP on

Last week, the House Committee on Financial Services reported out the Preserving Access to CRE Capital Act of 2016 (the “bill”) in a remarkably bipartisan sort of way (paving the way for: “Well, yes, I did vote for it, but...more

Senator Introduces Bill To Allow LLCs To Be Licensed As Real Estate Brokers

by Allen Matkins on

Section 17701.04(b) of the California Corporations Code provides: A limited liability company may have any lawful purpose, regardless of whether for profit, except the banking business, the business of issuing policies...more

Bill Passed to Amend the New York Not-for-Profit Corporation Law

On December 11, 2015 Governor Andrew M. Cuomo signed into a law a bill amending New York’s Not-for-Profit Corporation Law (the “NPCL”), Estates Powers and Trusts Law (the “EPTL”) and Religious Corporations Law (the “RCL”). ...more

Proposed Prop 13 Reforms in California

Since February 2015, California state legislators have proposed several bills to modify the limitations on property tax increases established by Proposition 13 (Prop. 13). These bills include Senate Constitutional Amendment 5...more

Condominium And Homeowners Bills Enacted By The 2013 Florida Legislature

HB 73- Omnibus Legislation - This bill containing 74 pages is a "stripped down" version of a bill which passed the House last year but failed to obtain Senate approval. It contains a potpourri of changes to the...more

Legal Update: Redevelopment Bills Challenged: CRA Files Lawsuit Challenging Redevelopment Bills By Basil "Bill" Shiber and JoAnne...

by Miller Starr Regalia on

ABX1 26 and ABX1 27 were enacted by the State Legislature in late June as “trailer bills” to help implement the state budget bill. The purpose and effect of the bills is to reallocate tax revenue which would otherwise go to...more

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