21Nov
UPDATE: Supreme Judicial Court Holds That Each Building in Phased-Development Projects Constitutes Distinct “Improvement” for Purposes of Statute of Repose
Imagine the following. A developer consults with an architect in 2020 about a six-building condominium project. The architect promptly produces a set of plans, which are stamped by an engineer. Over the next three years, the developer secures the necessary permitting from a notoriously stingy local planning board. The developer finally breaks ground in 2024. He completes buildings 1-3 in 2026. Then a recession hits and the developer suspends construction for three years......
By:
Conn Kavanaugh
Related
In a recent Chief Counsel General Advice Memorandum (“Memo”), the IRS provides a helpful reminder ...
Read More >
The Internal Revenue Service has issued Proposed Regulations under Internal Revenue Code Section 162...
Read More >
What do you do when a key employee leaves and you believe he/she has taken your company’s trade sec...
Read More >
I want to emphasize again the risks JVs pose under the FCPA. Mike Volkov has stated, “A joint ventu...
Read More >
Many U.S. employers have recently experienced frustration over legal obstacles to keeping high quali...
Read More >
At an increasing rate, employers who hire STEM OPT students are being audited by U.S. Immigration an...
Read More >