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Credit Union Legal Update - Summer 2011
To build or not to build, that is often the question. Many chapters have been written about the real estate strategies of credit unions and site selection. A real estate project is typically the most expensive endeavor of a credit union. Often a credit union executive does not know what questions to ask of an architect, engineer, contractor or design build firm. The following questionnaire should greatly assist a credit union's due diligence when selecting a builder for the credit union's future.
By E. Andrew Keeney

CFO Focus: Hot Examination Issue
Seeing a significant uptick in the number of loan modifications over the past few years, regulators and external auditors alike have been putting increased pressure on credit unions to become compliant with troubled debt restructuring rules. As a result, many institutions are receiving documents of resolution from the National Credit Union Administration for failing to properly identify and account for TDRs.
By E. Andrew Keeney

Government Contracts Update - New Regulations Allow Public Access to Sensitive Government Contractor Information
The Federal Awardee Performance and Integrity Information System (FAPIIS) is a consolidated database that centralizes and expands upon information regarding government contractors that is available to contracting officers when making responsibility determinations.
By Government Contracts & Construction

Could an ATM be the Reason for a Lawsuit?
On Sept. 15, 2011, the U.S. Department of Justice published the final regulations revising the Americans With Disabilities Act regulations, including its ADA Standards for Accessible Design.
By E. Andrew Keeney

Government Contracts & Construction Update - New Virginia Laws Affecting the Construction Industry
The following new laws affecting the construction industry were passed in the 2011 session of the Virginia General Assembly and take effect July 1, 2011.
By Government Contracts & Construction

Real Estate Strategies Update - Swap Agreements as Exempt Transactions under the Automatic Stay Protections of the Bankruptcy Code
The swap agreement is an important tool for Lenders and Borrowers entering into new real estate financing arrangements.
By Otto W. Konrad and Real Estate Strategies Group

New PRC Rules Establish National Security Review for M&A Transactions Involving Non-Chinese Investors
On February 3, 2011, China’s State Council issued the Circular on the Establishment of the Security Review System for Mergers and Acquisitions of Domestic Enterprises by Foreign Investors ("Circular 6"), establishing a national security review procedure for the acquisition of a domestic Chinese enterprise or asset in certain sensitive industries or sectors by one or more foreign investors.
By Corporate & Public Finance