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Commercial real estate attorneys are in a unique position of negotiating on behalf of their clients for a finite resource in many states: land. Given that new land cannot be generated (outside of some island creations), constitutional protections, state laws and local ordinances that govern property rights attempt to balance those rights with public policy.
Attorneys must strike a balance between navigating those rights while anticipating future needs and issues that may arise for their clients' ownership rights and business (and personal) needs. But how do you best navigate today around a completely unknown future impact that may result in uninsurable loss and damage to a property?
This is the conundrum of condemnation as the exercise of the power of eminent domain. For real estate attorneys, knowing how to navigate around eminent domain actions in the midst of various transactions and operations is critical to best position clients for the future condemnation conundrum.
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In June 2024, the First Department decided Huguenot LLC v. Megalith Capital Group Fund I, L.P., which resolved a question of liability for a group of condominium apartment buyers and in so doing, touched on a wide range of issues about how contracts can obligate purchasers of real property.
In a profession where confidentiality is paramount, failing to address AI security concerns could have disastrous consequences. It is vital that law firms and those in related industries ask the right questions about AI security to protect their clients and their reputation.
Practical strategies to explore doing business with friends and social contacts in a way that respects relationships and maximizes opportunities.
The International Trade Commission is empowered to block the importation into the United States of products that infringe U.S. intellectual property rights, In the past, the ITC generally instituted investigations without questioning the importation allegations in the complaint, however in several recent cases, the ITC declined to institute an investigation as to certain proposed respondents due to inadequate pleading of importation.
To gauge the level of risk and uncover potential gaps, compliance and privacy leaders should collaborate to consider how often they are monitoring third parties, what intelligence they are gathering with and about their partners and vendors, and whether their risk management practices have been diminished due to cost and resource constraints.