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White & Case LLP

Advance payment guarantees: three unsuccessful attempts to prevent encashment

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Advance payment guarantees are commonly used in the construction industry. However, successful challenges to a demand made under an advance payment guarantee appear to be less common. This article looks at three recent cases...more

Stinson LLP

The Potential Impact of Negative Interest Rates on Construction

Stinson LLP on

On February 11, 2016, Federal Reserve Board Chair Janet Yellen stated at a congressional hearing that the Federal Reserve is "looking at" implementing negative interest rates in the United States. Since that time the Feds...more

Snell & Wilmer

Arizona Supreme Court to Contractor: Sorry But Equitable Subrogation of a Bank’s Later Deed of Trust Trumps Earlier Mechanics’...

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The smoke has finally cleared in a hard and long-fought battle between a bank and contractor both claiming priority to foreclose millions of dollars on a Phoenix condominium project. The project, well-known as Summit at...more

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