Most sophisticated commercial property owners hold their buildings in single-asset entities – thus, even in transactions where purchasers have valid post-closing claims against a defaulted seller, there can be little (if any) assets remaining in the seller’s name, leaving a purchaser with a worthless judgment. This program will explore some of the practical means of establishing post-closing recourse against property sellers, and increasing the likelihood of collecting on potential judgments.
Our discussion will address:
- Contractual protections;
- Possible rights and remedies at law;
- Equity outside of the four corners of the contract; and
- Piercing the corporate veil.
Peter Koffler, Partner, Venable LLP
Matt McLaughlin, Partner, Venable LLP
Can't make it in person? Join us by teleconference at 1.866.740.1260 and enter access code 3444571.
Click to register for "Post-Closing Recourse against Property Sellers – How to Avoid Kicking an Empty Can."