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Seed Asset Portfolios For Energy, Real Estate And Infrastructure Funds - Corporate/Commercial Law

Lockdown Constitutes A Force Majeure Event: Madras High Court Waives A State-owned Shop s License Fee For The Entire Lockdown Period - Coronavirus (COVID-19)

Brief Facts R. Narayanan v. The Government of Tamil Nadu and Ors. 1, the Nagercoil Municipal Corporation ( Municipal Corporation) had conducted a public tender cum auction sale of licenses to occupy ( License) shops in a bus stand. The petitioner herein was one of the successful bidders, who offered to pay a sum of INR 1,15,000 as a monthly fee for the License ( License Fee). The Municipal Corporation issued the License to the petitioner for a tenure of three years commencing from 1 November 2019. The petitioner paid one-year s License Fee in advance payment to the Municipal Corporation. On 24 March 2020, the National Disaster Management Authority

The Loss Of The Leased Property : The Legal Basis Relied Upon To Relieve A Commercial Lessee From Its Obligation To Pay The Rent During The First Lockdown - Real Estate and Construction

As indicated in a recent article   1, the payment of commercial rents during successive lockdown periods is an issue that has given rise to numerous disputes. In that article, we pointed that arguments based on force majeure, unforeseeability (a French law concept close to that of hardship) or non-performance, often used by lessees as a justification for not paying rent, had been dismissed in the majority of court decisions handed down on this subject. In this context, the preferred course of action seemed to be the renegotiation of the lease agreement and its adaptation to the circumstances, as per the principle of good faith that governs the

Southern California Counties To Adopt Major Housing Production Targets - Real Estate and Construction

In March, the Southern California Association of Governments ( SCAG ) 1 will adopt final Regional Housing Needs Assessment ( RHNA ) allocations for cities and counties within the SCAG region.  This 6 th RHNA cycle represents the first update to these targets since the passage of key housing legislation, including Senate Bill ( SB ) 35 2, which grants ministerial approval and streamlining of qualifying housing projects if the jurisdiction has failed to meet its RHNA targets.  Housing developers planning for potential investment can look to these production targets to assess regional and city-based needs.  Cities and counties also will update their Housing Element and other planning documents to address the

Can not stack the system: Car stackers and tandem parking targeted under new congestion levy ruling in Melbourne - Real Estate and Construction

To print this article, all you need is to be registered or login on Mondaq.com. On 1 February 2021, the Commissioner of State Revenue released ruling CL-001 in respect of parking spaces for multiple motor vehicles. Congestion Levy The State Revenue Office (of Victoria) imposes a levy on certain public and private carparks within delineated areas, namely, the Melbourne CBD, inner north and south of the CBD (see congestion levy map for further details). For public car parks, the owner and operator of the public carpark are liable for payment of the levy. For private car parks, the owner of the carpark is liable for payment of the levy.

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