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By Rick Berg
On December 27, 2011, the Michigan Court of Appeals published Wells Fargo Bank, NA v. Cherryland Mall Limited Partnership et al., 2011 WL 6785393 (Mich. App. Dec. 27, 2011) which for the first time holds that a non-recourse mortgage loan backed by commercial mortgage backed securities ("CMBS") will give rights of recourse against the borrower and the loan guarantor when the borrower violates a solvency covenant.
By Richard Manczak
The United States consumes more than 20% of the energy produced in the world. It also is responsible for 25% of the global GHG emissions though accounting for only 4.5% of the world population.
By Gary Klotz
With its membership below 400,000, the UAW recently issued its "Principles for Fair Union Elections." It plans on using these Principles in an attempt to unionize new members, initially at foreign-owned automotive companies.
Now that both the House and Senate versions have been passed, the next step in the process will be to meld the legislation into a single statute. On November 7, 2009, the U.S. House of Representatives passed the Affordable Health Care for America Act and the U.S. senate passed the Patient Protection and Affordable Care Act on December 24, 2009.
By Saulius Mikalonis, Saulius Mikalonis, Saulius Mikalonis