Attracting capital remains challenging for most investors due to regulatory burdens, higher capital costs, and the high risk, high return nature of venture capital. Often, capital projects won't get off the ground unless projected returns are above market rates. This "mini-IPO" or "on-ramp to IPO" allows investors to raise up to $50 million in a...
By James E. Braza Part 3: Owner/Contractor Relationship Revisions to A201 General Conditions Document This article is the third in a series that explores the 2017 modifications to the AIA’s most commonly used construction contracting documents, including the A101, B101 and A201 documents. The purpose of the series is to explain some of the more...
By Julie A. Seno Lenders and borrowers, do your loan documents provide for an alternative financing rate in case LIBOR becomes unavailable? LIBOR, which stands for the “London Interbank Offered Rate,” is the most widely used “benchmark rate” in determining interest rates for debt instruments, including government and corporate bonds, mortgages,...
By James E. Braza Part 2: Notice Requirements Under the Revised A201 General Conditions Document. This article is the second in a series which addresses the 2017 modifications to the AIA’s most commonly-used construction contract documents. Discussed herein are changes to the various notice requirements under the A201 General Conditions Document....
Recently, the American Institute of Architects (AIA) issued its once-every-ten-year revisions to some of the most commonly used documents in construction contracting, including the A101, B101 and A201 documents. The revisions are significant, and will impact all players in the industry, including owners, contractors and architects. Many revisions...
By James E. Braza Recently, the AIA issued its once-every-ten-year revisions to some of the most commonly used documents in construction contracting, including the A101, B101 and A201 documents. The revisions are significant, and will impact all players in the industry, including owners, contractors and architects. Many revisions constitute...
By Christopher J. Jaekels On July 7, 2017, the Wisconsin Supreme Court held in Milewski v. Town of Dover – 2015AP1523 that the denial of the right to appeal a property tax assessment based on the tax payer’s refusal to grant access to the assessor for inspection, violates the tax payer’s due process rights under the 14th Amendment of the United...
By Christopher J. Jaekels & Michael Van Someren The Fifth Amendment of the United States Constitution requires federal, state and local governments to pay “just compensation” any time they “take” private property for public use. On June 23, 2017, in a close 5-3 decision, the U.S. Supreme Court held that a Wisconsin zoning ordinance that...
By Julie A. Seno and Michael Van Someren As a result of the 2008 global financial crisis and the bailouts that resulted, Europe and the United States have been actively working to avoid future bailouts. Unfortunately, those attempts are being implemented at the expense of depositors. In 2014, the member states of the European Unionadopted the...
By: Michael Van Someren Regulation A+ went into effect in 2015. Although Regulation A+ has been around for a couple of years, its use is just beginning to become more mainstream. Since Regulation A+ was promulgated, the SEC has qualified 81 Regulation A+ offerings seeking to raise approximately $1.5 billion. As developers and investors gain more...
