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Features
Receivership is a frequently used remedy for lenders faced with defaulted loans collateralized by income-producing properties, such as shopping centers.
Features
ALM, publisher of <i>Law Journal Newsletters</i> has named Bill Carter its president and chief executive officer.
In-depth analysis of a recent key ruling.
The decision of the <i>New York Supreme Court in Bank of America, N.A. v. PSW NYC LLC</i> garnered national attention in 2010. The court ruled that, under the terms of an Intercreditor Agreement in common use in complex real estate loans across the United States, a mezzanine lender could not exercise its rights against its collateral without first paying off senior debt. Now the issue is causing a stir in the Arizona desert.
Features
Analysis of a recent important ruling.
