Miller Canfield is pleased to announce that Yuri Shidenko has joined the firm as a senior counsel in the Real Estate Group in Chicago. The announcement was made by CEO Michael McGee.

The U.S. Supreme Court continues to limit the timeframe in which the U.S. Securities and Exchange Commission (“S.E.C.”) can seek to levy monetary penalties in enforcement actions it brings against violators of the federal securities laws. Most recently, the Court limited to five years the window of time in which the S.E.C. can bring a claim to “disgorge,” or take away, ill-gotten gains from a defendant’s securities fraud. These rulings may result in quicker or more aggressive enforcement actions by the S.E.C. against companies or individuals accused of securities fraud, even perhaps before investigations are complete. The holdings may also affect the willingness of corporate or individual defendants to enter into “tolling agreements” with the S.E.C. that would toll (or stop) the limitations period while the parties discuss a potential resolution or settlement.

When it comes to the post-recession commercial real estate recovery, it’s clear that not all markets are equal. While some are experiencing red-hot growth, some of the hottest have begun to cool a bit, some markets are lukewarm at best, and there is widening disparity among them.

Attendees at the recent Commercial Real Estate Finance Council and Mortgage Bankers Association-Commercial Real Estate Finance conferences had varying opinions. While there are clearly differences of opinion on whether the fundamental bellwethers of commercial real estate will grow, plateau or decline in 2017, the majority of real estate professionals are optimistic in their predictions of what the coming year will hold.

Poland’s Ministry of Finance published a draft bill which would authorize the establishment and operation of Polish Real Estate Investment Trusts (Spółki Rynku Wynajmu Nieruchomości) in Poland. At this stage, the proposal has not been officially presented as a bill to the Parliament, so the bill proposal may still undergo significant changes before becoming effective, but the main points are outlined below. For more about the draft bill, click here.