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Real Estate Sale-Leaseback: Making a Comeback
In 2007, there was more than $16 billion in U.S. real estate sale-leaseback transactions. By 2009, that volume had shrunk to under $4 billion. With the “Great Recession” coupled with the uncertainty of the announced convergence of U.S. and international accounting standards, some industry analysts predicted that real estate sale-leasebacks would be eliminated from the array of possible corporate fundraising strategies. That possible demise appears to be greatly exaggerated.
According to a January 2014 CBRE Update, U.S. Sale/Leasebacks: Unlocking Value, available at http://bit.ly/13I6TvW, the volume of U.S. real estate sale-leaseback transactions grew 149% from 2009 to 2012. So sellers and investors should consider dusting off their real estate sale-leaseback playbook (while sale-leaseback treatment is possible for asset types other than real estate, this article focuses on real estate sale-leasebacks, which have their own unique accounting rules ' primarily former FASB Statement 13, now codified as Accounting Standard Codification (ASC) 360-20 (Real Estate Sales) and 840-40 (Sale-Leaseback Transactions)).
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Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Transfer Tax Implications on Real Property Leases
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.