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The project, which was completed six years ago, was a virtual encyclopedia of what can go wrong during construction—unexpected soil and groundwater conditions, the bankruptcies of two major subcontractors, and struggles in executing a design advertised as cutting-edge.'
I also know that the school district won’t dissolve all of a sudden or declare bankruptcy. And don’t think you’ll get legal fees in a settlement – it just won’t happen. Things like this are only going to make the situation worse and could put you in legal trouble as well. So play it cool.
A trustee in the case of MGT's Chapter 7 bankruptcy has asked the court to consider that the company may have more than the $50,000 in assets it claims.
” I had written in a blog post last October, Bankruptcy Trustee Sues Chinese Over Solar Panel Dumping , about a case filed in the U.S. With our unique criminal and national security authorities, we will continue to use all legal tools at our disposal to counter cyber espionage from all sources.”
This blog, created by a business that provides expert legal witnesses, needs to be written at the level that you would find value if you were a serious lawyer or litigant in a significant construction dispute. I’m not a lawyer, of course, and wouldn’t think of providing specific legal advice to anyone reading this blog.
promissory note in favor of the contractor, does not tell the rest of the story, nor does the fact Shaw Development later filed for Chapter 11 bankruptcy protection in response to a foreclosure action by the project’s lender. tax credit certificate. And now you know the rest of the story.
promissory note in favor of the contractor, does not tell the rest of the story, nor does the fact Shaw Development later filed for Chapter 11 bankruptcy protection in response to a foreclosure action by the project’s lender. tax credit certificate. And now you know the rest of the story.
There are several different types of property liens , which are legal claims against the property held by a debtor. Credit bureaus can collect public information from state and county courts, including bankruptcies. Any legal financial-related data (judgments, liens, garnishments, etc.) What is a lien?
It is not unheard of for a construction firm to face bankruptcy and fail because of a lawsuit. Benefit: Documentation builds your defense, but avoiding all together avoids costly legal fees. With close monitoring of projects, potential legal issues can be avoided. Avoid Litigation. Litigation is very costly.
His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. A Legally Inclined Weblog. >. Sabo & Zahn LLC is an Illinois Limited Liability Company.
Late payments and non-payments are, unfortunately, pivotal contributors to declining contractor productivity eventually, in some cases, leading to bankruptcy for many GCs and subcontractors. Industry research supports these sentiments. High compliance risk. Moreover, manual payment processes also increase compliance risk.
Given the present construction landscape with owners and developers filing bankruptcy, a lack of credit flowing in the building market and many construction companies simply going out of business, a lien may be the only true payment recourse for a contractor, subcontractor or material man.
Time is of the Essence With Construction Litigation Across most jurisdictions in the United States, time is an issue from a legal perspective. This ensures that the report remains legally sound. In this case, great care was taken to plead “into coverage,” and to make sure nothing was put into expert reports that could erode coverage.
The legal fees and time required to defend one’s actions can be costly, even when a court strikes down the first employer’s covenants as unreasonable. A decline in business from certain clients, or their bankruptcy.
Due to this misinformation, many contractors either avoid projects requiring bonds, thus missing great work opportunities; or sometimes even operate without them, which jeopardizes their legal standing and puts their whole company at risk. A recent case of this is the bankruptcy of the 105-year-old company Truland Group Inc.
Here’s how this section reads: Except as provided in Paragraph (2) of this Subsection, nothing in this Part shall be construed to preclude a surety from asserting any defense to the principal obligation that its principal could assert except for lack of capacity or discharge in bankruptcy of the principal obligor.
Worse, a lawsuit against the general contractor or subcontractor for breach of contract after abandonment of the project will almost certainly be futile; the default on its loan usually signals that it won’t be able to pay a judgment and is probably headed for bankruptcy. Not unless he is prepared to pay twice! 543, 553, 984 N.E.2d
In relation to charter parties, the impact of the pandemic has given rise to a number of legal issues, and potential for disputes up the contractual chain depending on whether the provisions are back-to-back. In addition, the insolvency of an award debtor may present a real hurdle to the enforcement of any monetary arbitral award.
It pays for repairs of damages to the surrounding property, as well as legal expenses incurred during a lawsuit. The policy covers damages to property, bodily injury expenses, and legal fees caused by faulty work or installation of a faulty product. It covers the damages caused by faulty work, product failure, or other causes.
His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. A Legally Inclined Weblog. >. Chapeau filed bankruptcy. So dont say we didnt warn you.
One error may be the difference in bankruptcy or staying afloat. Legal expense. Less opportunities. Too many contractors vying for the same job . More competition will force unrealistic costs. Low costs leave zero room for error. Increased time to complete projects. Computer, printers, scanners and fax machines. Desk & chairs.
This effort has taken on an added sense of urgency in the wake of this month’s announcement by the luxury resort Revel that it is filing for bankruptcy protection. New Jersey voters overwhelmingly approved a 2011 referendum to legalize sports betting. The gleaming $2.6-billion
Due to this misinformation, many contractors either avoid projects requiring bonds, thus missing great work opportunities; or sometimes even operate without them, which jeopardizes their legal standing and puts their whole company at risk. A recent case of this is the bankruptcy of the 105-year-old company Truland Group Inc.
His book, Legal Guide to AIA Documents, published by Aspen Publishing, is in its fifth edition. The information provided here is not intended to be a solicitation for legal services, nor does it constitute legal advice. A Legally Inclined Weblog. >. Sabo & Zahn LLC is an Illinois Limited Liability Company.
Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. Starting a business starts with the legal and logistical nuts and bolts that get you ready for growth later on. Someone at your company should review every contract — even better, hire a legal team to do it for you.
Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. Starting a business starts with the legal and logistical nuts and bolts that get you ready for growth later on. Someone at your company should review every contract — even better, hire a legal team to do it for you.
Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. Starting a business starts with the legal and logistical nuts and bolts that get you ready for growth later on. Someone at your company should review every contract – even better, hire a legal team to do it for you.
The Commission also said on Wednesday it would open legal cases against countries that breach EU law by not ensuring consumers can effectively get cash refunds for travel or holidays cancelled due to the coronavirus pandemic. “The starting point here is that European consumers have a right to a cash refund, if that is what they want.
Many locations adhere to statutory incentives, with legally mandated conditions, and avoid discretionary incentives, which are negotiated for a particular deal. So the federal bailout of General Motors, the restructuring of the company, the shedding of aging plants and GM’s subsequent investment of $7.3
Establishing a business legally is a straightforward process, and creating a plan for growth is exciting. Starting a business starts with the legal and logistical nuts and bolts that get you ready for growth later on. . Someone at your company should review every contract — or even better, hire a legal team to do it for you.
In a world of texts, email and Siri, you should be careful about the impact of the words you write. Remember that case where a court found that a string of text messages can form a binding contract ? FYI…it is one of my top five blog posts ever!)
found that none of the UK’s 10 biggest holiday companies or 10 most popular airlines are offering full refunds within the legal timeframe, and some are refusing to provide refunds altogether. UK laws state that full refunds should be given within 14 days for cancelled package holidays. Consumer group Which?
found that none of the UK’s 10 biggest holiday companies or 10 most popular airlines are offering full refunds within the legal timeframe, and some are refusing to provide refunds altogether. UK laws state that full refunds should be given within 14 days for cancelled package holidays. Consumer group Which?
JustAnswer.com.has seen a spike since October in legal questions from readers about layoffs, unemployment and severance. UK Law Experts. -- UK Family Law Experts. -- UK Property Law Experts. -- UK Immigration Law Experts. -- Scots Law Experts. -- UK Employment Law Experts. -- UK Bankruptcy Law Experts. -- UK Traffic Law Experts.
legal services. Customs ports of entry where merchandise is considered legally outside U.S. Foreign Trade Zones (FTZ): Neutral, secured areas legally outside of the U.S. These include rail, costs associated with engineering, legal and professional services; and other activities necessary to make a specific site ready for reuse.
FOREIGN TRADE ZONES (FTZs): Secured areas legally outside of U.S. legal services. Customs ports of entry where merchandise is considered legally outside U.S. Foreign Trade Zones (FTZ): Neutral, secured areas legally outside of the U.S. customized market research. executive and professional talent search assistance.
When casino gambling was legalized in AC in 1978, the only gaming competition was in Las Vegas and NJ officials had every reason to believe AC could match the exponential growth of Vegas. Last year, when Internet gambling was legalized in NJ, officials estimated that online gaming run by AC casinos would pull in $1.2
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