Attack on Olympus: The Rise of FIRPTABy Donald Hyun Kiolbassa & Neil NodenSeptember 2022An overview of the Foreign Investment In Real Property Tax Act of 1980.
Can a Wire Transfer Be Recalled After It Is Accepted?By Michael WeissmanJuly 2022In a case involving the Uniform Commercial Code, decided by the United States District Court for the Eastern District of Virginia in September 2021, the court was called upon to decide when an accepted payment order may be canceled.
Case Summary: Findlay v. Chicago Title Insurance Co.By Kevin Camden & Richard W. RappoldNovember 2022Findlay v. Chicago Title Insurance Co. deals with the obligations of a title insurer to its insured, negligence, and malpractice.
Case Summary: Marol State, LLC v. Everlane, Inc.By Daniel HuntleySeptember 2022In Marol State, LLC v. Everlane, Inc.,the court considered whether a landlord, having sold a commercial real estate building, was still entitled to recover from a defaulting former tenant the difference between the lease’s future rental income stream and the property’s reasonable rental value.
Caveat Lawyer!December 2022A reminder to never assume the terms, provisions, conditions, or requirements of a contract with which you are not familiar.
Chicago’s 2022 Energy Transformation CodeBy Adrian P. ZenoDecember 2022On September 21, 2022, Chicago’s City Council unanimously passed the 2022 Chicago Energy Transformation Code.
The Condominium Act Does Not Specifically Authorize all Authority for an HOA BoardBy Kadijah HallApril 2022A group of displeased condominium unit owners brought suit against their homeowners association board seeking declaratory and other relief against the association and its board of managers, claiming that the board's activities surrounding the investigation and negotiations of a proposed bulk sale of the condominium units violated sections 15 and 19 of the Condominium Property Act.
Condominium Board and Bulk SalesBy Sherwin D. AbramsMarch 2022A summary and analysis of Glazer v. Private Residences at Ontario Place Condo. Ass'n, which involved a proposed bulk sale of all residential and parking units in a condominium in Chicago.
Editors’ NoteBy William J. Anaya & Michael J. RooneyMay 2022An introduction to the issue from the editors.
Editor’s NoteBy William J. Anaya & Michael J. RooneyApril 2022An introduction to the issue from the editors.
Editor’s NoteBy Michael J. RooneyMarch 2022A note from one of the co-editors.
Effect of Judgment Lien on Death of Joint TenantBy Emily R. VivianOctober 2022The appellate court recently held that because a joint tenant’s interest in property terminates upon his death, a judgment lienholder cannot foreclose the judgment lien against such property after the joint tenant’s death.
From the ChairBy Michael J. MaslankaJune 2022A note from the outgoing chair.
Giving Back to Our Colleagues in NeedBy Bridget C. DuignanOctober 2022A look at how the Illinois Bar Foundation's Lawyers Care Fund helps attorneys around the state.
Haven’t Got a C.L.U.E.?By Philip J. VaccoJuly 2022There are several situations in which a buyer may be ineligible to secure homeowner's coverage, which can derail a real estate transaction quickly.