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Common-Area Risk Abatement: Who is Responsible?
What amount of common-area premises liability is a single leaseholder in a multi-unit commercial property expected to shoulder? The question arises when customers, employees and others invited to or simply passing by a leased commercial property are injured, and want compensation. Who will be on the hook for the costs of bodily injury and property damage — the landlord, the tenant, the maintenance and security contractor hired by them, or some combination of these?
Most commercial leases will designate who — landlord or tenant — must maintain and secure common areas. When there are many tenants, the landlord logically has more overall control of the common areas, so the landlord generally bears ultimate responsibility for ensuring these spaces are safe and secure from hazards. But this is by no means a universal certainty. The lease may allocate some of the potential liability to the tenant, and the law of the jurisdiction in which the property lies also may weigh in with its own considerations.
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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.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
One Overlooked Element of Executive Safety: Data Privacy
Executives have access to some of the company's most sensitive information, and they're increasingly being targeted by hackers looking to steal company secrets or to perpetrate cybercrimes.