By Richard Mario, Buckley Law P.C.
Twenty-three states and the nation’s capital, (DC), have legalised medical MJ. Four states and DC have legalised MJ for recreational use.
By Richard Mario, Buckley Law P.C.
By Adam Gross, Memery Crystal LLP
The Standard Conditions of Sale (for residential) or Standard Commercial Property Conditions (for commercial) (together, the “Standard Conditions”) are usually included in contracts for the sale and purchase of property. Both contain the right to terminate where one party fails to complete on time. To exercise this right, time must first be made of the essence. Where time is not of the essence in agreements (whether expressly or implicitly), time is made of the essence by a party being ready, willing and able to complete and serving a notice to complete. Such a notice usually gives the other party ten working days (excluding the day the notice is given) to complete.
By Lodovico Comploj, Pichler Dejori Comploj Partner
In order to promote equity instead of debt financing, the Italian government introduced a tax allowance in 2011 which, although applicable without any sector restrictions, deeply affected the Italian real estate sector.
By Edward G. Kluiters, Haynsworth Sinkler Boyd, P.A.
The United States Bureau of Economic Analysis (BEA) requires surveys on U.S. direct investment abroad and foreign direct investment in the United States. The term investment includes the ownership of real estate. The BEA uses these surveys to produce statistics concerning international transactions and direct investment positions, activities of multinational enterprises, and new foreign direct investment in the United States.
By Dr. Angelika Baumhof & Christian Pflaeger, Jakoby Dr Baumhof
Estate operators often conclude long-term rental contracts, which easily can exceed 30 years, to build wind farms or golf courses. Risks under German law are often overlooked. How can this be avoided?
By Steve McCrindle, Haines Watts
Oligarchs may be able to ignore EU VAT charges when buying real estate property, but who else can?
By Naomi Lawton, Memery Crystal LLP
The UK has seen considerable development over recent years in its tax regime on UK property, particularly residential property held by non-UK residents and non-UK domiciliaries.
By Pierre-Olivier Martinez, LMBE Avocats
In accordance with a French Supreme Court decision, a real estate security granted by a real estate civil company to guarantee the reimbursement of the debt of one of its shareholders is not valid if it is contrary to the company’s corporate interest (Cour de Cassation, 8-11-2011), i.e. if:
- granting the security is likely to endanger the existence of the company if the guaranteed debt is not paid, and no related benefit is provided to the company
- even if such a guarantee is in line with the company’s corporate purposes of its articles of association.
By Dr. Beáta Szegi, Kovács Réti Szegheõ Attorneys at Law
Property prices have risen over the past year, with the 2014 increase being the first significant rise since 2008. The national house price index rose by 6.68 per cent (7.42 per cent inflation-adjusted) during 2014, according to the Hungarian Central Statistical Office (KSH). House prices in Budapest superseded the national index, increasing by 6.88 per cent (7.63 per cent inflation-adjusted), although prices remain well below their pre-crisis peak.
By Paul Gambles, MBMG Group
With its year-round summer climate, friendly people and a relatively low cost of living, Thailand has become a soughtafter place to live. Despite increased supply, average condominium prices have gone up by over 50 per cent since 2009.1 Yet, at an average of around USD 3,500 per m2 (about EUR 3,200) for a city-centre apartment, Bangkok still represents relatively good value (see chart).2
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