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Is Article 9 Compliance Enough to Preserve a Creditor’s Rights In Its Collateral? Image

Is Article 9 Compliance Enough to Preserve a Creditor’s Rights In Its Collateral?

Barbara M. Goodstein & Adam C. Wolk

When it comes to foreclosing on collateral, secured creditors must be cognizant of the statutory requirements of Article 9 of the UCC. Article 9 has very specific rules governing the foreclosure process and the exercise of remedies. But is compliance with those rules enough to preserve a creditor’s rights in its collateral? It seems there is disagreement among courts as to the correct answer.

Features

Construing Separate Contractual Instruments As One Image

Construing Separate Contractual Instruments As One

Thomas J. Hall & Judith A. Archer

At times, disputes arise among parties in commercial transactions as to whether multiple contracts involving a common matter should be read as a single, integrated contract, or as separate and distinct agreements. This issue often surfaces where one or more such agreements contain arbitration clauses, but other related contracts do not.

Features

U.S. Supreme Court Ruling Empowers Developers and Property Owners to Challenge Excessive or Unjustified Impact Fees Image

U.S. Supreme Court Ruling Empowers Developers and Property Owners to Challenge Excessive or Unjustified Impact Fees

Mark Grafton

The recent U.S. Supreme Court ruling in Sheetz v. County of El Dorado will cause many local governments to revisit the defensibility of their impact fee regimes.

Features

Mediation of Commercial Lease Disputes: A Collaborative Approach to Resolving Disputes Image

Mediation of Commercial Lease Disputes: A Collaborative Approach to Resolving Disputes

Jeffrey A. Margolis

In the view of many experienced practitioners, arbitration has morphed into a time-consuming process, often as expensive as litigation and has other shortcomings such as the non-appealability of the arbitrator's decision. Not so mediation which may be a materially better form of ADR.

Features

Applying Merger By Deed Doctrine to Real Estate Transactions Image

Applying Merger By Deed Doctrine to Real Estate Transactions

Peter E. Fisch & Salvatore Gogliormella

Since a deed is a subsequent writing between the parties, there is some logic to the terms of the deed taking precedence over the terms of the prior contract of sale, at least as to the subject matter of the deed.

Features

Approving Attorney Opinion Letters In Lieu of Title Insurance Is Trending, But Use With Caution Image

Approving Attorney Opinion Letters In Lieu of Title Insurance Is Trending, But Use With Caution

Ahmad H. Mango

Despite being more affordable than title insurance, attorney opinion letters should be used with caution when replacing title insurance. The costs savings associated with this practice might not justify the additional risk associated with it.

Features

The Top Rated Bull and Bear CRE Markets Image

The Top Rated Bull and Bear CRE Markets

Erik Sherman

Trepp named its top choices for bull and bear CRE metro markets and did the same for the single most property type and metro combination, during July 2024. The firm is trying to identify what drives positive and negative investor sentiment.

Features

Warehouse Liability: Know Before You Stow! Image

Warehouse Liability: Know Before You Stow!

Michael Delaney

As consumers continue to shift purchasing and consumption habits in the aftermath of the pandemic, manufacturers are increasingly reliant on third-party logistics and warehousing to ensure their products timely reach the market.

Features

Cap Rate Misery Impacts CRE Investors Image

Cap Rate Misery Impacts CRE Investors

Joseph J. Ori

The low cap rate regime became a game of musical lifeboats on the Titanic and the big question was, who would get stuck without a lifeboat as the mighty ship sank?

Features

Big Law In NYC Looking for Smaller, New Class A Spaces Image

Big Law In NYC Looking for Smaller, New Class A Spaces

Mimi Lamarre

Overall this year, law firms have been more likely to leave their current spaces and relocate, but they continue opting for smaller spaces.

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MOST POPULAR STORIES

  • Private Equity Valuation: A Significant Decision
    Insiders (and others) in the private equity business are accustomed to seeing a good deal of discussion ' academic and trade ' on the question of the appropriate methods of valuing private equity positions and securities which are otherwise illiquid. An interesting recent decision in the Southern District has been brought to our attention. The case is <i>In Re Allied Capital Corp.</i>, CCH Fed. SEC L. Rep. 92411 (US DC, S.D.N.Y., Apr. 25, 2003). Judge Lynch's decision is well written, the Judge reviewing a motion to dismiss by a business development company, Allied Capital, against a strike suit claiming that Allied's method of valuing its portfolio failed adequately to account for i) conditions at the companies themselves and ii) market conditions. The complaint appears to be, as is often the case, slap dash, content to point out that Allied revalued some of its positions, marking them down for a variety of reasons, and the stock price went down - all this, in the view of plaintiff's counsel, amounting to violations of Rule 10b-5.
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