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Real Estate Sale-Leaseback: Making a Comeback
In 2007, there was more than $16 billion in U.S. real estate sale-leaseback transactions. By 2009, that volume had shrunk to under $4 billion. With the “Great Recession” coupled with the uncertainty of the announced convergence of U.S. and international accounting standards, some industry analysts predicted that real estate sale-leasebacks would be eliminated from the array of possible corporate fundraising strategies. That possible demise appears to be greatly exaggerated.
According to a January 2014 CBRE Update, U.S. Sale/Leasebacks: Unlocking Value, available at http://bit.ly/13I6TvW, the volume of U.S. real estate sale-leaseback transactions grew 149% from 2009 to 2012. So sellers and investors should consider dusting off their real estate sale-leaseback playbook (while sale-leaseback treatment is possible for asset types other than real estate, this article focuses on real estate sale-leasebacks, which have their own unique accounting rules ' primarily former FASB Statement 13, now codified as Accounting Standard Codification (ASC) 360-20 (Real Estate Sales) and 840-40 (Sale-Leaseback Transactions)).
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Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Coverage Issues Stemming from Dry Cleaner Contamination Suits
In recent years, there has been a growing number of dry cleaners claiming to be "organic," "green," or "eco-friendly." While that may be true with respect to some, many dry cleaners continue to use a cleaning method involving the use of a solvent called perchloroethylene, commonly known as perc. And, there seems to be an increasing number of lawsuits stemming from environmental problems associated with historic dry cleaning operations utilizing this chemical.