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New Proposed Regulations Apply CFIUS to Certain Real Estate Transactions

October 9, 2019

Real estate professionals who work with foreign investors should become well-versed with the requirements of the Committee on Foreign Investment in the United States (CFIUS), based on the Treasury Department’s September 17, 2019 issuance of proposed regulations to implement the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA).[1]  Before FIRRMA’s passage, CFIUS could review…

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NewsPublications

Has the Business Roundtable Changed the Standard for Directors’ Duties to Corporations?

September 10, 2019

On August 19, 2019, the Business Roundtable (TBR), an association of top CEOs, surprised corporate America by adopting a new “Statement on the Purpose of a Corporation,” which declared that a corporation’s purpose is a “fundamental commitment to all … stakeholders,”[1] including not only shareholders but also customers, employees, suppliers, communities and the environment. Some…

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Publications

Commercial Foreclosure Checklist (VA)

August 12, 2019

A Checklist outlining the primary considerations, requirements, and processes for conducting nonjudicial and judicial foreclosures of commercial real property secured by deeds of trust and mortgages in Virginia. This Checklist outlines pre-foreclosure notice requirements for lenders and includes the appointment of receivers, deficiency judgments, and the borrower’s right to reinstate the loan and the right of redemption.

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Publications

Commercial Foreclosures (VA)

August 12, 2019

Resource ID: w-014-8161 Commercial Foreclosures (VA) BENJAMIN P. SMITH, SHULMAN, ROGERS, GANDAL, PORDY & ECKER, P.A., WITH PRACTICAL LAW REAL ESTATE Search the Resource ID numbers in blue on Westlaw for more. A Practice Note discussing commercial foreclosure procedures and proceedings under Virginia law. This Note outlines the primary considerations, requirements, and processes for nonjudicial…

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