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| Real Estate Development |
D.C. Sponsors "Green Roof" Projects - 11/07
Real Estate
November 20, 2007
The District of Columbia, in conjunction with the Environmental Protection Agency, continues to promote and subsidize "Green Rooftops" for the District's new and existing buildings. Installing vegetative roof systems, in place of traditional roofing, helps to mitigate the strain on the District's failing sewer system, safeguards natural water resources, and provides cost savings for individual buildings and the community.
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"All Appropriate Inquiries"—EPA Alters Standards for Environmental Due Diligence - 06/21/06
Real Estate Development & Finance
June 21, 2006
Joan B. Sasine
Christopher A. Thompson
Laura A. Williams
On November 1, 2005, the U.S. Environmental Protection Agency ("EPA") announced a rigorous final rule on "Standards and Practices for All Appropriate Inquiries" (the "AAI Rule"). The rule, which takes effect in only five short months—on November 1, 2006—sets minimum requirements for environmental due diligence for purchasers of property who seek to avoid liability for environmental issues. The final AAI Rule will have a wide impact, affecting almost all commercially-related purchases of land.
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Business and Tax Considerations in Buy-Sell Agreements - 05/20/05
Tax
May 20, 2005
Anthony R. Boggs
Kimberly E. Civins
Frank S. McGaughey, III
Buy-sell provisions contained in buy-sell agreements, shareholder agreements and similar documents involve contractual undertakings between business owners or other interested persons in a closely-held business. These provisions plan for the various events which might trigger the necessity or desirability of the sale or purchase of an owner's interest in the business.
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