News & Analysis as of

Real Estate Transfers

Bryan Cave Leighton Paisner

Court of Appeal confirms that “warehousing” is not always an abuse of process

by Bryan Cave Leighton Paisner on

On 24 January 2020, the Court of Appeal delivered its judgment in Aljawharah Bint Ibrahim Abdulaziz Alibrahim v Asturion Fondation ([2020] EWCA Civ 32) in relation to the question of whether “warehousing” constitutes an abuse...more

Nutter McClennen & Fish LLP

Treasury Issues Final Regulations on Section 721(c) Partnerships

by Nutter McClennen & Fish LLP on

As you probably know, a taxpayer realizes gain when the taxpayer transfers appreciated property in exchange for other property. There are exceptions to this general rule. One of those exceptions is defined in Internal Revenue...more

Winstead PC

Court Holds That A Husband Had No Interest In His Deceased’s Wife’s Real Estate That Was Obtained Via A Gift Deed

by Winstead PC on

In Leland House v. Webb, a husband sued his deceased wife’s executor to quiet title in real estate that she obtained from her aunt. No. 06-19-00054-CV, 2019 Tex. App. LEXIS 10012 (Tex. App.—Texarkana November 19, 2019, no...more

International Lawyers Network

Buying and Selling Real Estate in Colombia

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER COLOMBIAN LAW - 1. Standard Forms of Agreements to buy and sell Real Estate: Despite the existence of different type of agreements to make real estate transactions in Colombia,...more

International Lawyers Network

Buying and Selling Real Estate in Chile (Updated)

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER CHILEAN LAW - I. STANDARD FORMS OF AGREEMENTS - A. Offer to Purchase sets forth Buyer’s offer of price, date for closing, contingencies for inspections, financing etc. and...more

International Lawyers Network

Buying and Selling Real Estate in Argentina (Updated)

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER ARGENTINIAN LAW - I. INTRODUCTION. Below you will find a brief outline of the legal regulation of the acquisition of real estate property in Argentina, which is mainly...more

Bryan Cave Leighton Paisner

If I Could Turn Back Time: Rescinding trust instruments on the basis of mistake

by Bryan Cave Leighton Paisner on

Two recent High Court cases have considered the principles underpinning the Court’s power to set aside or rescind a voluntary disposition on the grounds of mistake. In the cases of Hartogs v Sequent (Schweiz) and Payne v...more

Katten Muchin Rosenman LLP

2019 Year-End Private Wealth Advisory

by Katten Muchin Rosenman LLP on

In 2019, the Tax Cuts and Jobs Act (the Act) and its resulting tax reform continued to dominate the planning landscape. As outlined in our 2018 Year-End Estate Planning Advisory, the Act made significant changes to individual...more

Hogan Lovells

Electronic signatures: a warning sign

by Hogan Lovells on

How do you sign your emails? If your name and contact details are automatically generated at the bottom of an e-mail, do you consider you have signed the e-mail and should be contractually bound by the contents? This was the...more

Weiner Brodsky Kider PC

Illinois Court Holds GSEs Are Not Governmental Bodies for Tax Purposes

by Weiner Brodsky Kider PC on

An Illinois intermediate appellate court ruled that GSEs Fannie Mae and Freddie Mac are not governmental bodies for purposes of an exemption to a City of Chicago real estate transfer tax....more

Buckingham, Doolittle & Burroughs, LLC

Paving the Way to Tax Refunds | Firm Wins Big for Ohio Heavy Highway Contractors

Buckingham Tax Attorneys Steve Dimengo and Rich Fry recently obtained a favorable ruling from the 9th District Court of Appeals for their client in Karvo Paving Co. v. Testa, 2019-Ohio-3974. This victory enables highway and...more

Dentons

“To what extent?” – heading off title extent difficulties before doing the deal

by Dentons on

In Scotland, we are in a period of transition between two systems of registration of title to land and buildings, and have been so for the last 40 years. The first system is the old General Register of Sasines, which has been...more

Bond Schoeneck & King PLLC

Multi-Member LLC Disclosure Requirements in Transfer of Real Estate

by Bond Schoeneck & King PLLC on

On September 16, 2019, Governor Cuomo signed a new limited liability company disclosure bill requiring greater transparency in real estate dealings. Previously, only single-member LLCs were required to disclose the name of...more

Akin Gump Strauss Hauer & Feld LLP

ADGM Entities May Now Own Property in Abu Dhabi

Qualifying Abu Dhabi Global Market (ADGM) entities, including special purpose vehicles, foundations and real estate investment funds, may now hold title to property in Abu Dhabi (onshore and in the free zone) thanks to an...more

Harris Beach PLLC

Disclosures for LLC Entities Now Required for 1-to-4 Family Residential Real Estate Transactions

by Harris Beach PLLC on

A limited liability company (“LLC”) involved in either the sale or purchase of a one-to-four family dwelling in New York state must now disclose the names and contact information for all managers, owners and agents associated...more

Dentons

The Netherlands: Tax Plan 2020

by Dentons on

On September 17, 2019, the Dutch government released the Budget 2020 containing its Tax Plan 2020 with certain amendments to Dutch tax law. Please find the highlights below of the changes that will have effect as per January...more

Ballard Spahr LLP

In Maryland, Increased Focus On Rights Of First Refusal And Rights Of Tenants

by Ballard Spahr LLP on

It’s been a busy year for sales and acquisitions of multifamily properties in Maryland. We frequently represent purchasers and sellers in multifamily transfers throughout the state. This means we frequently navigate the...more

Thompson Coburn LLP

Strategies for Buy-Sell Agreements Using Insurance

by Thompson Coburn LLP on

Buy-sell agreements are critical when dealing with a closely held business and yet often ignored or given short shrift by business owners. Life insurance is an effective tool that business owners can use to implement the...more

Perkins Coie

San Francisco Sellers: COPA Now in Effect

by Perkins Coie on

The San Francisco Mayor’s Office of Housing and Community Development released its much-awaited Community Opportunity to Purchase Act (COPA) Program Rules on Monday, September 3, 2019. (The mayor signed COPA on May 3, 2019.)...more

Farella Braun + Martel LLP

San Francisco COPA Program Rules Released

The Mayor’s Office of Housing and Community Development (MOHCD) released program rules for the Community to Purchase Act (COPA) on September 3, 2019. The recently enacted COPA program (codified in Chapter 41B of the San...more

Whitman Legal Solutions, LLC

Contractual "Truncation"or Shortening of Statutes of Limitation

Changing the Length of a Limitations Period - Although statutes of limitations may not be a lot like musical motives, both motifs and limitations periods can be both extended and truncated.  For instance, Statutes of...more

Williams Mullen

Title Endorsement Basics

by Williams Mullen on

Title insurance is issued using standardized forms of policies and endorsements. The most commonly used forms for commercial properties are those promulgated by the American Land Title Association (ALTA), a nationwide title...more

Barnea Jaffa Lande & Co.

Dramatic Decision on the Taxation of Trusts in Israel

by Barnea Jaffa Lande & Co. on

The Tel Aviv District Court handed down a decision a few days ago rejecting the Israel Tax Authority’s (ITA) position on the conveyance of real estate properties to trusts. This decision dramatically changes the taxation of...more

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Updated: May 25, 2018:

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