International Law & Trade, Residential Real Estate

Orrick's Financial Industry Week In Review - May 20, 2013

by Orrick, Herrington & Sutcliffe LLP on 5/20/2013

In This Issue: April Housing Scorecard; Rating Agency Developments; New York State Court Dismisses RMBS Putback Action Against Nomura As Time-Barred; New York State Court Allows Trustee Lawsuit Against DB Structured Products...more

Orrick's Financial Industry Week in Review - May 13, 2013

by Orrick, Herrington & Sutcliffe LLP on 5/13/2013

In This Issue: FHFA Limit on Fannie and Freddie Loan Purchases to Qualified Mortgage; Rating Agency Developments; MBIA and Bank of America Settle MBS Litigation for $1.7 Billion: Assured and UBS Agree to Settle RMBS...more

Orrick's Financial Industry Week in Review - May 6, 2013

by Orrick, Herrington & Sutcliffe LLP on 5/6/2013

On April 30, the FHFA issued its progress report on the steps being taken to establish a common securitization infrastructure for MBS. The FHFA is encouraging interested parties to provide written input on the progress...more

Florida Real Estate Market A Hot Spot For Canadian Investors

by Melissa Pallett-Vasquez | Bilzin Sumberg Baena Price & Axelrod LLP on 5/2/2013

The Florida real estate market remains a prime target for Canadian investment, with a particular focus on South and South West Florida. These Canadian purchasers are being credited with playing a role in the rebound of the...more

Investing in luxury properties in France: a counterflow strategy that could pay off

by Nadia Chatraoui, Stéphane Illouz | Reed Smith on 4/26/2013

Since the new taxation reform was passed earlier this year, a number of wealthy owners have moved out of France and put up their properties for sale. This resulted in an exceptional price fall of up to 15% for properties over...more

Considerations For International Clients Who Intend to Buy A Home In the U.S.

by Amy McEvoy | Sheppard Mullin Richter & Hampton LLP on 4/23/2013

International buyers invested $82.5 billion in U.S. residential real estate (4.8% of total U.S. sales) according to the most recent survey conducted by the National Association of Realtors for the 12 month period ending with...more

Third Circuit Court of Appeals Issues Landmark Decision in Virgin Islands Economic Development Program Case

by Joseph DiRuzzo | Fuerst Ittleman David & Joseph, PL on 4/18/2013

Disclosure: Joseph A. DiRuzzo, III of Fuerst Ittleman David & Joseph was part of the trial team that represented the taxpayers in the June 2010 bench trial in the District Court of the Virgin Islands....more

Orrick's Financial Industry Week in Review - April 15, 2013

by Orrick, Herrington & Sutcliffe LLP on 4/15/2013

Fed Proposal on Annual Assessments - On April 15, the Fed requested comment on a proposed rule to establish an annual assessment for bank holding companies and savings and loan companies with $50 billion or greater in total...more

Orrick's Financial Industry Week in Review - April 8, 2013

by Orrick, Herrington & Sutcliffe LLP on 4/8/2013

UK Financial Services Regulatory Handover - On April 1, the long-awaited handover of power from the FSA to the "twin-peaks system," consisting of the Prudential Regulation Authority (PRA) and Financial Conduct Authority...more

Freddie Mac Files Suit Over Losses Due To Alleged LIBOR Manipulation

by BuckleySandler LLP on 3/27/2013

On March 14, Freddie Mac sued 15 banks and the British Bankers’ Association (BBA), claiming that the institutions manipulated the London Interbank Offered Rate (LIBOR) and caused substantial losses to Freddie Mac on...more

Fast Track Residence Waits For You in Portugal

by Antonio Viñal on 3/25/2013

Obtaining a residence permit is usually a must for foreign investors and a painful one for many, with lots of visits to Consulates and Immigration authorities involved. However, the Portuguese Administration has put in place...more

Doing business, or thinking about investing, in Russia? Recent changes to the Russian Civil Code

by Victoria V. Bryxa, Dmitry Gubarev, Alexander Janes | Orrick, Herrington & Sutcliffe LLP on 3/18/2013

In This Presentation: 1. Why were changes needed? 2. How are things changing? 3. The process of change 4. Amendments in place now 5. What is still to change? - 2nd Draft Amendment - 3rd Draft...more

King & Spalding's Measure - The Middle East Quarterly Bulletin - Winter 2013

by King & Spalding on 3/14/2013

In This Issue: - Kingdom of Saudi Arabia – New Mortgage, Real Estate and Financing Laws - Locally Domiciled Funds in the GCC - Case Study: Jabal Omar, Makkah Al-Mukarramah, the Kingdom of Saudi Arabia - New...more

International Interest Grows in Florida Real Estate Development: Currencies, Culture Work Together to Grow Foreign Interest in...

by Rosa Eckstein Schechter on 3/14/2013

Currency devaluations in other nations are a big factor, but not the only factor, in growing international interest in South Florida real estate development. Consider these recent monetary events...more

Mortgage Bankers Association Report: Foreign Interest in US Real Estate Growing - News Release of the Week

by Rosa Eckstein Schechter on 3/12/2013

As discussion continues this week on the potential impact of Hugo Chavez's demise on the exodus of Venezuelans to South Florida, the Mortgage Bankers Association has just released a report on housing demand of foreign...more

Orrick's Financial Industry Week in Review - March 11, 2013

by Orrick, Herrington & Sutcliffe LLP on 3/11/2013

In This Issue: *Financial Industry Developments - SEC Risk Alert and Investor Bulletin on Investment Adviser Custody Rule - FHFA Outlines 2013 Goals for Fannie and Freddie - Rating Agency Developments ...more

Financial Services – Update on UK and European Regulatory Developments - March 2013

by Dechert LLP on 3/7/2013

In This Issue: - Part A – Regulation of Financial Markets - Part B – Regulation of Investment Management - Part C – Regulation of Investment Funds - Appendix: Regulatory Calendar – Key Milestones Please...more

Pilot Development of Cross-border RMB Loans in Qianhai District

by Gloria Li | Sheppard Mullin Richter & Hampton LLP on 3/7/2013

The first batch of cross-border RMB loan agreements were signed on January 28, 2013. A total of 15 lenders, including HSBC Holding Plc and Industrial & Commercial Banks of China (Asia) Ltd., will provide about RMB 2 billion...more

Venezuelans in South Florida: Venezuelan Expatriates Building New Lives In Record Numbers - Great News for Miami

by Rosa Eckstein Schechter on 3/6/2013

Last fall, when Hugo Chavez won re-election as President of Venezuela, more and more Venezuelans were expected to move here to South Florida. And they have....more

Orrick's Financial Industry Week In Review - March 4, 2013

by Orrick, Herrington & Sutcliffe LLP on 3/4/2013

In This Issue: *Financial Industry Developments - Amendments to Fed and OCC Foreclosure Consent Orders - Fed Proposed Rule on Systemically Important Financial Market Utilities - Rating Agency...more

Banks Begin to Welcome Mortgages From Foreign Buyers as International Investment in Florida Real Estate Continues to Grow

by Rosa Eckstein Schechter on 2/27/2013

Foreign investment in South Florida real estate has been a tremendous boost to the local economy in the past several years, and now it appears that banks are becoming more accommodating to these international buyers of local...more

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International Law & Trade › Residential Real Estate