Construction Law360 provides breaking legal news and analysis on the construction industry. Coverage includes litigation, arbitration, regulation, compliance and enforcement, and deals involving contractors, engineering and architecture firms, equipment manufacturers, and related companies.
International engineering contractor Symbion Power has asked a New York federal court to toss litigation seeking to enforce a nearly $30 million arbitral award against the U.S. company, saying it's wrongly targeted by the firm pursuing the award because a Tanzanian company is named in the arbitration.
North Carolina would phase out the state's corporate income tax, cut personal income taxes and boost the child tax deduction under a proposed $52.3 billion budget for 2021 to 2023 put forward Monday by leadership in the state Senate.
The Second Circuit denied an appeal Monday from border wall crowdfunding organization We Build the Wall to unfreeze some of its assets, saying the group's bid to undo the restraining order on its bank accounts is premature as its executives are still facing fraud charges for allegedly ripping off donors.
The Texas Supreme Court on Friday declined to hear a landowner's lawsuit claiming the private developers of a high-speed passenger train from Dallas to Houston cannot use eminent domain to survey and trample on Texans' private property rights for a costly project that's doomed to fail.
EDRE Development has reportedly paid $13 million for a Brooklyn development site, a Cain International venture is said to have paid roughly $120 million for a Manhattan church and VIG Furniture has reportedly dropped $9.1 million on a Florida distribution center.