News & Analysis as of

Conversion

Tucker Arensberg, P.C.

Expanding Opportunities: Pennsylvania’s Act 49 Allows Hotel License Conversion to Restaurant Licenses

On December 14, 2023, Governor Shapiro signed House Bill No. 1096 into law, now known as Act 49 of 2023 (Act 49), which allows certain hotel licensees to apply to the Pennsylvania Liquor Control Board (PLCB) to convert to...more

Pullman & Comley - For What It May Be Worth

Connecticut Bill Aims to Incentivize Commercial to Residential Building Conversions

National and local news has been replete with stories discussing the challenges and benefits of converting underutilized commercial properties such as office buildings into needed housing.  A recently introduced bill pending...more

Venable LLP

Fiduciary Liability Limitations Under Nevada Law Trigger Entire Fairness Review of Conversion from Delaware Due to Controlling...

Venable LLP on

The Delaware Court of Chancery, in Palkon v. Maffei, et al., C.A. No. 2023-0449-JTL (Del. Ch. Feb. 20, 2024), determined that a reduction in the liability exposure of a fiduciary due to the conversion of a Delaware...more

Parker Poe Adams & Bernstein LLP

District of Columbia Lays Groundwork for Office to Residential Building Conversions Through Tax Abatement Program

Earlier this month, the District of Columbia’s Office of the Deputy Mayor for Planning and Economic Development (DMPED) issued proposed rules that lay the groundwork for a competitive process to provide gap financing of...more

Allen Matkins

Vice Chancellor Laster Rules That It Is "Reasonably Conceivable" That Nevada Provides Greater Protection Against Fiduciary...

Allen Matkins on

Last April, I wrote about a lawsuit challenging the redomestications of TripAdvisor, Inc. and  Liberty TripAdvisor Holdings, Inc.  Yesterday, Vice Chancellor J. Travis Laster issued his ruling on the defendants' motion to...more

Troutman Pepper

The Murky World of IP Protection for Gene-Edited Plants

Troutman Pepper on

Agribusiness is currently experiencing both a technological revolution and a corresponding increase in intellectual property uncertainty and disputes. Originally published in Law360 - October 26, 2023....more

Hinckley Allen

Converting an LLC to an S Corporation: A Mistake Waiting to Happen

Hinckley Allen on

Limited liability companies (LLCs) offer significant tax flexibility – for one thing they can elect to be treated as disregarded entities, partnerships, C corporations, or S corporations, and can even shift between those tax...more

Farrell Fritz, P.C.

Parallel Business and Matrimonial Divorce Proceedings

Farrell Fritz, P.C. on

Parallel business divorce proceedings in the same or different courts alleging overlapping or duplicative claims are common. When it occurs, judges must often determine whether to dispose of one so the other may proceed...more

Troutman Pepper

EDVA Judge Dismisses Saudi Arabian Contract Dispute Based on Forum Non Conveniens

Troutman Pepper on

It is not uncommon for plaintiffs based in the United States to bring claims against foreign parties in U.S. federal courts to obtain a favorable venue and avoid any bias in foreign courts in favor of local defendants. A...more

Partridge Snow & Hahn LLP

Massive Development Potential Unlocked with New “Adaptive Reuse” Amendments to RI Zoning Statutes

Following up on recent PSH Land Use Client Alerts on June 26, 2023 and August 22, 2023, an important collection of bills were passed through both houses of the Rhode Island state legislature in June and signed into law. ...more

Goodwin

“Corrective construction” to achieve commercial common sense in company articles

Goodwin on

In the recent Court of Appeal judgment in DnaNudge Limited v. Ventura Capital GP Limited [2023] EWCA Civ 1142, the court confirmed that a provision of the company’s articles allowing for the conversion of Series A shares to...more

Freiberger Haber LLP

Fraudulent Inducement, Merger Clauses and Duplication

Freiberger Haber LLP on

A couple of months ago, we examined NW Media Holdings Corp. v. IBT Media Inc., 2023 N.Y. Slip Op. 30875(U) (Sup. Ct., N.Y. County Mar. 22, 2023) (here), a case in which a lower court addressed the question whether the...more

Cadwalader, Wickersham & Taft LLP

Entity Conversion Under State Law Is Not a Modification of Debt

After almost 20 years, the IRS has again ruled that the conversion under state law of a limited liability company (LLC) disregarded for tax purposes to a corporation did not result in a “significant modification” of the...more

McGlinchey Stafford

Am I Entitled to Indemnification? - McGlinchey Commercial Law Bulletin - September 29, 2023

McGlinchey Stafford on

Ohio- Conversion- Bradford v. A Star Properties, LLC, 9th Dist. Summit No. 2023-Ohio-3451- In this appeal, the Ninth Appellate District affirmed the trial court’s decision to grant defendants judgment on a claim for...more

Fisher Phillips

Foul on the Play: 6 Takeaways for Employers as NY Knicks Sue Toronto Raptors for Trade Secret Misappropriation

Fisher Phillips on

The New York Knicks just sued their former employee and his new employer, the Toronto Raptors, in a case that can teach employers a lot about trade secret misappropriation. The August 21 lawsuit accuses their Eastern...more

Cozen O'Connor

Adams Administration Announces Three New Initiatives to Spur Office-to-Residential Conversions

Cozen O'Connor on

On August 17, 2023, Mayor Eric Adams and Chair of the New York City Planning Commission Dan Garodnick announced three initiatives to assist in creating much-needed housing. The proposals focus on easing the process for...more

Perkins Coie

San Francisco Adopts Ordinance To Facilitate the Conversion of Office Buildings to Housing

Perkins Coie on

In downtown San Francisco, office vacancy has skyrocketed as hybrid work has transformed the way in which employers and employees use office space. This, in turn, has decreased activity downtown, negatively impacting the...more

McGlinchey Stafford

When Do I Need to Establish Article III Standing? - McGlinchey Commercial Law Bulletin - May 2023

McGlinchey Stafford on

Ohio- Agent’s Liability Under Contract- Nat’l Church Residences v. Kessler, 3rd Dist. Union, No. 2023-Ohio-1437. The Third Appellate District reversed the trial court’s decision to grant the plaintiff summary judgment,...more

Gray Reed

Ohio Federal Court Considers Subsurface Trespass

Gray Reed on

Golden Eagle Resources II LLC v. Rice Drilling D LLC. presents a small step in the development of subsurface trespass law in Ohio. The federal court considered a motion to dismiss, in which it evaluated the sufficiency of the...more

Orrick, Herrington & Sutcliffe LLP

Founder Series: Top Tips on Raising Bridge Financing

Convertible securities such as simple agreements for future equity (SAFEs), advance subscription agreements (ASAs) and conventional convertible loan notes (CLNs) are increasingly used as agile and flexible funding...more

Roetzel & Andress

Court of Appeals Issues Significant Mineral Trespass Opinion Upholding Multi-Million-Dollar Future Damages Award

Roetzel & Andress on

On January 18, 2023, in TERA, LLC v. Rice Drilling D, LLC, et al., --- N.E.3d ----, 2023-Ohio-273, the Seventh District Court of Appeals issued a key decision concerning mineral trespass law in Ohio. The court of appeals...more

Allen Matkins

Life Sciences Real Estate Update - 2.08.23

Allen Matkins on

Last year’s solid venture capital investment in life sciences was, as expected, focused on the big three markets of San Diego, Boston, and San Francisco. But as a recent Cushman & Wakefield report found, emerging markets saw...more

Farella Braun + Martel LLP

[Event] San Francisco’s Downtown: What Does the Future Hold? - February 28th, San Francisco, CA

As work habits continue to transition from office space to work from home, sparsely populated downtown office towers are proving to be a barrier to the City’s goal of repopulating the traditional financial district. Enter the...more

Rodemer Kane Attorneys at Law

Vehicular Assault & Homicide In Colorado - What You Need To Know

When the term “vehicular assault” is brought to attention, many individuals picture someone intentionally hurting or killing someone with their vehicle in their minds. However, more often than not, vehicular assault and...more

Kramer Levin Naftalis & Frankel LLP

City Hall Releases Report Recommending Regulatory Changes to Facilitate Office Conversions

On Jan. 9, 2023, the city’s Office Adaptive Reuse Task Force issued its report titled the “New York City Office Adaptive Reuse Study.” The Task Force was established to study the potential for the conversion of vacant office...more

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Updated: Dec 28, 2021:

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Privacy Officer
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Privacy Officer
JD Supra, LLC
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Sausalito, CA 94965

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