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Overview
For all of the years that I was in-house at major law firms, I came in contact with many attorneys from Canada. Many were women who I had the pleasure of calling colleagues and friends when I served on the Executive Committee of the ABA Women Rainmakers. I was struck by the fact that some 15 years ago, women in law firms in Canada were rising stars with their own books of business and held management positions within their firms. The U.S. firms were still lagging behind in bringing women to the forefront.
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The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
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The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.