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Risk Assessment — Construction Claims: How to Calculate the Recoverable Costs and Damages
Bradley Arant Boult Cummings LLP, July 2021

When negotiating a complex change order or preparing to litigate a claim, calculating actual recoverable costs incurred can be a difficult exercise. You will want to first review your contract to determine what kinds of costs are compensable. For example, the change order provision of your contract may provide a specific markup that can be included in a change request or limit the recovery of indirect costs and overhead associated with a change...

OP-ED: Contractors Ought to Address Material Price Increases Head-On
Schwabe, Williamson & Wyatt, July 2021

As most people are undoubtedly aware, the construction industry has seen material prices escalate astronomically over the past few months. Some specialty lumber prices have soared upwards of 6,000 percent. The cost of a sheet of plywood is double what it was even six months ago. Generally, contractors assume the risk of material prices when they sign a lump sum or GMP contract unless there is a material escalation clause included in the contract terms...

OP-ED: Residential Utility Bills: A Well-Intentioned Law Creates a Serious Trap for the Unwary
Schwabe, Williamson & Wyatt, July 2021

Utility bills can bring unwelcome surprises: a water bill that reminds you of the extra irrigation costs incurred during a heat wave, an electric bill that makes you realize how much extra power is used when working from home or gaming nonstop, an embarrassing cable bill documenting how many shows you binge-watched last month...

Analysis of CFPB’s New Ability-to-Repay Rule for Qualified Mortgages
Dinsmore & Shohl LLP, July 2021

On Dec. 29, 2020, the Consumer Financial Protection Bureau (CFPB) published a final rule amending Regulation Z’s Ability-to-Repay/Qualified Mortgage (QM) requirements (the New Rule). Regulation Z requires creditors to make a reasonable, good-faith determination of a consumer’s ability to repay their residential mortgage loan. Loans that comply with Regulation Z’s requirements qualify for certain protections from liability...

Building Safety Bill: Key Points for the Construction Industry
Shoosmiths LLP, July 2021

The Building Safety Bill was finally introduced into Parliament on 30 June 2021 with the aim of delivering fundamental reform to the building safety system. The Bill’s progress through Parliament will be closely monitored as the construction industry looks to prepare for the potentially wide-ranging impact of this complex piece of legislation. The Bill was published in draft form in 2020 to enable pre-legislative scrutiny...

COVID-19's Lasting Impact on Long-Term Care Assets
Bradley Arant Boult Cummings LLP, July 2021

COVID-19 came upon us all like a tsunami, leveling life as we knew it and causing an entirely new paradigm of behavior to be necessary. No segment of the population was hit harder than seniors, both in our communities and in senior care facilities. Long-term care facilities were on the frontlines of the battle, being one of the first industries to be required to wholly alter traditional behaviors to try to stop the inevitable spread of this deadly virus...

Texas’s Major Lien Law Makeover: What You Need to Know
Bradley Arant Boult Cummings LLP, July 2021

Chapter 53 of the Texas Property Code just received major updates for the first time in years. On June 15, 2021, Gov. Greg Abbott signed into law HB 2237. This bill makes many notable changes to Texas’s lien laws. The construction industry and construction lawyers should take note of these changes to the complex and often confusing world of mechanic’s, contractor’s, and materialman’s liens in Texas...

California Legislation Extends Protections for Tenants Experiencing COVID-19-Related Financial Distress; Broadens Financial Assistance for Eligible Landlords and Tenants
Hanson Bridgett LLP, July 2021

Key Points Eviction protections that were set to expire June 30, 2021, have been extended to September 30, 2021. New notice requirements took effect on July 1, 2021; additional notice requirements take effect on October 1, 2021. Governmental rental assistance is now available to pay 100 percent of a qualified tenant's rent. On June 28, 2021, California Governor Gavin Newsom signed Assembly Bill 832 into law, effective immediately...

Overseas Investment Amendment Act 2021: The Second Amendment
MinterEllisonRuddWatts, July 2021

Today marks another milestone in the constantly changing landscape of the Overseas Investment Act 2005 (the Act), with the coming into force of several of the provisions of the Overseas Investment Amendment Act 2021 as part of the Government’s stated intention to reduce the number of ‘lower risk’ transactions requiring consent, and better manage higher risk transactions and/or assets of significance. Our previous news alert summarising these new changes can be seenhere...

How to Prove your Case in a Commercial Dispute
Shepherd and Wedderburn LLP, July 2021

A party making a claim bears the burden of proof, meaning that it is responsible for proving its claim. In civil disputes (as opposed to criminal matters) a claim generally must be proven ‘on the balance of probabilities’ if it is to be successful. How is this achieved? The answer is that the claimant must present sufficient evidence to persuade the decision maker that its case is more probable than not...

Real Estate IHL Series – Wait, What?
Shoosmiths LLP, July 2021

As we emerge from lockdown, the pace of change in the real estate world is increasing once again.  Michael Callaghan looks at what the legal landscape looks like in the coming months. Climate change The Government is planning significant changes to the Minimum Energy Efficiency Standards (MEES) and the provisions that apply to Energy Performance Certificates (EPCs) to drive down carbon emissions from buildings...

Rent Recovery and Commercial Leases – The Current Position
Shoosmiths LLP, June 2021

Following the latest government announcements, where do landlords and tenants stand in relation to the recovery of rent unpaid during the Coronavirus pandemic? The simple answer is there is a significant degree of uncertainty, and an awful lot of detail around the government’s proposals and that has yet to be resolved...

Will End of Stamp Duty Holiday Damage the Property Market?
Shoosmiths LLP, June 2021

Wednesday June 30 2021 is when the Stamp Duty ‘holiday’ in its current form at least will end. The Chancellor, Rishi Sunak, introduced the temporary Stamp Duty Land Tax (SDLT) in July 2020 to boost the housing market following the first national lockdown. The aim was to save buyers from paying stamp duty on any properties valued at up to £500,000 – a saving worth up to £15,000...

COVID-19 Related Extensions to Planning Permissions
A&L Goodbody LLP, June 2021

The Planning and Development (Amendment) (No. 3) Bill 2021 is being expedited through the legislative process. It will provide for extensions to a number of time limits, including for the passing of development plans. Importantly however it will also allow for extensions, or additional extensions, to existing planning permissions to allow projects be completed. Planning permissions have a fixed duration, usually five years...

Are Controversial Scottish Agricultural Rent Reviews Set for Change Again?
Shepherd and Wedderburn LLP, June 2021

Agricultural rent reviews have been a source of controversy within the industry for many years. After a period of 15 years or so where there was little rent review activity in the agricultural tenanted sector between the early 1990s and the mid-2000s, a sharp spike in commodity prices during the course of 2007 led to a large number of rent review notices being served...

Strategic Land – Tax Traps for the Unwary
Shoosmiths LLP, June 2021

There are a plethora of issues that parties need to work through to make a strategic land project viable; not least, the UK tax system which has a number of potential pitfalls that can materially impact returns. At present, there is no single tax efficient model catered for in UK legislation to enable parties to come together...

Real Estate IHL Forum: All Change! Planning: Panacea or Part of the Problem?
Shoosmiths LLP, June 2021

The COVID pandemic has catalysed the decline of traditional retail as the dominant offer in our town centres. There is a growing consensus that a significant part of most town centres needs to have a greater focus on the local community, be experimental and better address local needs. Alongside this, we have the government agenda to ‘level up’ and to ‘build back better’...

Thailand’s First Initial Coin Offering Using Real Estate Backed Security Tokens Approved by the Thai Securities and Exchange Commission Expected to Raise THB 2.4 billion
DFDL, June 2021

On 22 May 2021, SPV77 Co. Ltd., a special purpose entity set up to issue and offer Siri Hub Investment Digital Tokens (“SIRIHUB”) to investors secured approval from the Securities and Exchange Commission (“SEC”) for the country’s first Initial Coin Offering (“ICO”). The first ICO approval by the SEC follows three years of legal changes starting with the passage of the Emergency Decree on Digital Asset Business Operation B.E. 2561 (2018)...

UK Cities Investor Guide
Shoosmiths LLP, June 2021

As we emerge from the pandemic, UK cities have a positive future – from the growth of digital broadcasting in Manchester to the positive future for inward investment; from what is needed to preserve our high streets to excitement around the Birmingham 2022 Commonwealth Games. The UK Cities Investor Guide is a bi-annual publication produced in partnership with EG, and tackles some of the key challenges and opportunities facing the real estate investment market...

Public Health ‘Trumps’ Commercial Losses – B.C. Supreme Court Rules in Favour of Landlords in a COVID-19 Related Termination
Lawson Lundell LLP, June 2021

Commercial landlords have, in the past year and a half, dealt with many novel issues in relation to COVID-19, often on an emergency basis. Few landlords have had to deal with both public health order violations and gang crime relating to the same tenant, as in a recent decision of the B.C. Supreme Court, Ivy Lounge West Georgia Limited Partnership v. TA F&B Limited Partnership, 2021 BCSC 997...

Schwabe Gets Briefed on JTM’s Esterra Park Carbon-Neutral Project
Schwabe, Williamson & Wyatt, June 2021

The final phase of the Esterra Park development in Redmond, Washington, is a carbon-neutral development. Schwabe client JTM Construction is the general contractor for that project. As attorneys, we are interested in staying up to date on market trends, so we asked JTM to put together a panel to brief Schwabe’s Real Estate and Construction industry group on the carbon-neutral aspects of the project...

Challenges to Adjudicators’ Jurisdiction: Serial Adjudications
Shepherd and Wedderburn LLP, June 2021

An adjudicator’s jurisdiction is central to their ability to determine a dispute between two parties; without it, their decision will be invalid and unenforceable by a court. Conversely, if an adjudicator has jurisdiction, then, as the Court of Appeal has repeatedly emphasised, that adjudicator’s decision must be enforced, even if it results from errors of procedure, fact or law...

Challenges to Adjudicators’ Jurisdiction: Multiple Disputes Across Multiple Contracts
Shepherd and Wedderburn LLP, June 2021

It is a well-established rule of the Housing Grants, Construction and Regeneration Act 1996 (the ‘Act’) that an adjudicator will only have jurisdiction to determine one dispute under a construction contract at any one time, unless their jurisdiction has been extended by consent of the parties...

The Superior Court of Québec Rules on de facto Spouses and the Right to use a Residence During Legal Proceedings
Lavery Lawyers, May 2021

In a judgment handed down on February 16, 2021, in a case involving former de facto spouses, the Superior Court dismissed an interlocutory injunction filed by the plaintiff seeking the eviction of the defendant from what had been their common residence. After having lived together in a de facto union for 32 years, the parties separated. The plaintiff, sole owner of the family residence, left the residence while the defendant continued to live there...

New Zealand's Society has Changed, and Inheritance Law May be Changing Too
MinterEllisonRuddWatts, May 2021

“For most of us, the way we want our property to be distributed when we die is important. Succession of property can express aroha, love and affection, recognise who we consider to be family, support those who we think need to be provided for, and provide benefits for the public good.” This thought provoking quote is used to introduce the Law Commission's recently released Issues Paper that considers what New Zealand’s succession law should look like...

 

 

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