Are you looking to start-up a business and seeking loans from friends and family? Be forewarned that this simple transaction can have significant consequences. Were you aware that such a loan could be considered a security and subject to federal and state security laws? If you have friends and family members lending you money and […]
The Ridgewood News recently ran an article on our own Jim Delia and his work in Haiti with the YMCA sponsored soccer camps. Check out the article at: http://www.northjersey.com/community/168100506_YMCA_sponsors_soccer_camp_in_Haiti.html.
The August 21st New York Times reports that a $4.7M deposit was forfeited by Roberta Campbell, ex-wife of Intuit Chairman William Campbell in a co-op deal gone awry. Seems the Federal Judge was unimpressed with the reasons asserted for attempted termination after the pre-closing inspection. It appears she attempted to turn punch list items into […]
If you’ve followed some of the recent land use exploits of our office, you know that the new Time of Submission Law is being tested in the Crossroads Mahwah Site Plan filing. After years of pursuing a rezoning, Mahwah voted in favor of retail at the 100 acres that is the International Crossroads site. Some […]
The Offer of Judgment Rule is a mechanism useful to both Plaintiffs and Defendants in order to leverage settlement of cases in New Jersey. There are, however, several limitations as to the Rule’s applicability. In the case of Crudup v. Marrero, 57 N.J. 353 (1971), the New Jersey Supreme Court explained that the rules permitting […]
On May 5, 2011, a huge hole in the Municipal Land Use Law was finally closed when the Time Of Submission Law went into effect. Previously, applications submitted for development approvals were subject to municipal ordinances in effect at the time the decision was rendered. Thus, an applicant could go through the time and expense […]
The New Jersey Department of Environmental Protection will start enforcing the “Waiver Rule” (N.J.A.C. 7:1B) as of August 1, 2012. The Waiver Rule will give the NJDEP the authority to waive certain standards where those standards produce “unreasonable, unfair, or unintended results” that undermine the intent of the subject legislation. There is no automatic right […]
As of June 28, 2012 both the General Assembly and Senate passed bills (A1338 and S743, respectively) extending the Permit Extension Act through December 31, 2014. The clock will begin to run again on January 1, 2015, and no approvals will extend beyond June 30, 2015 unless the validity of the approval would have extended beyond June […]
Recently, New Jersey became the third state to enact legislation authorizing the creation of “Benefit Corporations.” A Benefit Corporation is “for profit,” but at the same time it promotes performance accountability and transparency, and is designed to achieve a “public benefit.” Vermont and Virginia have also enacted similar legislation, and many other states are considering […]
On April 9th, Spencer Rothwell joined our firm as an Associate. Spencer graduacted from Lehigh University and Rutgers Law School. He will be practicing in our Land Use, Litigation and Real Estate departments. Welcome Spencer!