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Navigating the Confines of the Economic Loss Rule and Other Property Damage
- The economic loss rule is a rule frequently invoked in construction disputes that operates to limit the types of damages that can be recovered. Understanding the limits of the economic loss rule requires...
Workouts Take Center State Amid Historic Real Estate Collapse
- NEW YORK, N.Y. (2/8/10) – The collapse of the U.S. housing and mortgage-backed securities markets has raised the stakes in real estate workouts and loan negotiations as never before—and both...
Differing Site Condition Elements Applied
- Under the Federal Acquisition Regulation, the Differing Site Conditions clause at FAR § 52.236-2 is a mandatory clause in most fixed-price federal government contracts. This provision operates to...