Featured Publications

Indian Law: Alert - September 2, 2008

The Bank Secrecy Act (BSA) and the BSA regulations require every Tribal casino to implement a written anti-money laundering program. The IRS oversees BSA compliance through a periodic audit process which is often referred to as "Title 31 Audits." In 2007 the IRS increased its efforts to monitor Tribal casino BSA compliance. Casinos that have been identified as a "problem" or as "uncooperative" can expect more frequent visits. This Alert covers common compliance "deficiencies."

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Holland & Knight Team Closes $20 Million Transaction to Sell Traffic Control Products Business on Behalf of Quixote Corporation

CHICAGO – On July 25, 2008, Holland & Knight closed a $20 million transaction on behalf of longtime client Quixote Corporation to sell its Intersection Control business segment to Signal Group. Quixote's Intersection Control business segment produces and sells intelligent traffic control systems, pedestrian signals and other products for the traffic control market. The $20 million time sensitive transaction took place in less than five weeks and involved the sale of all outstanding capital stock of three Quixote subsidiaries.

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Books

From Handshake to Closing
 

ABA

December 1, 2007
 
Sidney G. "Sid" Saltz- Chicago

The ABA recently published, "From Handshake to Closing" a new book written by Sidney Saltz, an invaluable and practical mentoring guide intended to bridge the gap between the way law firms train young lawyers today. It teaches real estate lawyers to avoid pitfalls that can kill the deal, and serves as a valuable refresher for more experienced attorneys. Suggestions on how to handle various stages of a deal, the history of the practice, and ample examples are provided. Saltz wrote this practical guide that shows how to convert that handshake in the beginning of the deal into a heartfelt handshake at the closing -- which is what the role of the commercial real estate lawyer is all about.

Topics covered in the book include:

    • The real estate broker
    • Pre-documentation documents
    • Documenting the transaction
    • Reviewing and analyzing documents
    • Negotiating
    • Final steps
    • Other issues, including title, survey, and due diligence
    • Preparing for the closing
    • Handling the closing