article thumbnail

SC on Status of Homebuyers under the Waterfall mechanisms

LexForti

This amendment made deem allottees of a real estate project to be financial creditors, enabling them to trigger CIRP against the real estate developers under Section 7 of the Code. Issues Whether the funds raised under a real estate project from allottees has the commercial effect of a borrowing?

article thumbnail

Federal judge allows search warrant evidence in former Los Angeles councilman trial

JURIST

Federal prosecutors alleged Huizar used his Los Angeles City Council position to enrich himself and his associates in a pay-to-play scheme for Los Angeles real estate development.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Examples of Automated Legal Workflows for Law Firm Efficiency 

CARET Legal

Real Estate Practices: Closing a Sale In real estate firms , closing a sale is one of the most common tasks an attorney does. Civil Litigation Firms: Depositions In civil litigation firms , setting up a deposition with a client is usually one of the first things that needs to be done.

article thumbnail

Afghanistan dispatches: ‘The commercial banks are unable to preserve their liquidity and that is leading them to failure.’

JURIST

The reports indicate that from total debts of the commercial banks, 245 billion AFN are deposits by the individuals, companies, NGOs, and only 31 billion of these debts are from other sources. Banks that have most deposits from the people have faced and are facing challenges since the Taliban seized power in the country.

article thumbnail

Shanghai court sentences Chinese-Canadian billionaire Xiao Jianhua to 13 years in prison

JURIST

million CAD) on charges of the illegal absorption of public deposits, breach of trust in the use of entrusted property, illegal use of funds, and bribery. A Shanghai court has sentenced Chinese-Canadian billionaire Xiao Jianhua to 13 years in prison and ordered him to pay a fine of 6.5 million yuan ($1.2 billion yuan ($10.51

article thumbnail

Transitioning to Litigation from Another Practice Area

Paralegal Bootcamp

She started her paralegal career three years ago as a commercial real estate paralegal, and she does not enjoy what she’s doing. Here’s another example: Let’s say the real estate paralegal feels like it’s boring work that she’s doing and she thinks that litigation will be more exciting.

article thumbnail

What It Looks Like to be a Proactive Paralegal

Paralegal Bootcamp

I knew there was a deposition next month that I could start preparing for this month. And one important one that I missed last week was a deposition notice.” You get copies of everything coming in, and you see on your attorney’s calendar that there’s a deposition later this month of a key witness in the case.

Paralegal 246