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Boston Bar Journal: Navigating Rising Waters: The Public Waterfront Act
Practice: Development/Land Use, Real Estate
The Commonwealth of Massachusetts prides itself on being “first in the nation” for many milestones: the first public park (Boston Common), the first college (Harvard) and the first to legalize same-sex marriage. A lesser known “first” was the Commonwealth’s formal recognition of the public trust doctrine, a legal concept dating at least to Justinian. The doctrine, first codified by the Colonial Ordinances of the 1640s, obligates the Commonwealth as trustee to ensure that land subject to tidal action is used for public benefit. The doctrine evolved into M.G.L. c. 91 (“Chapter 91”), the Public Waterfront Act (“Act”). Historically, the Act focused on preserving public access to the water, protecting tidelands for water-dependent uses such as fishing and boating, and encouraging uses and development that animate the waterfront. However, with record-breaking coastal flooding and sea level rise no longer distant threats, climate resilient  waterfront development has become a policy imperative in Chapter 91 licensing.

"3 Things Lawyers Should Know About Chapter 11 Real Estate", Law360
Practice: Bankruptcy & Restructuring, Retail, Restaurant & Consumer
PDFGoulston & Storrs director Jim Wallack is quoted in a Law360 article regarding the unique set of challenges that come with bankruptcy proceedings for retailers.

"Is Massachusetts Becoming a Leading Patent Litigation Venue?," ComCom Quarterly 
Practice: Litigation

Lawyers Clearinghouse: April 2018 Pro Bono Victories
Practice: Real Estate
“A mentor once told me that law is a profession, not just a business. As a lawyer, when you see someone who’s down, you try to help them up.Housing stability is incredibly important for success in day-to-day life, and I believe that a person’s access to housing should not be dependent on social capital. Everyone deserves a support network.” – Zach Mykulak, Associate, Goulston & Storrs

Trends in M&A Provisions: Sandbagging and Anti-Sandbagging Provisions
Practice: Mergers & Acquisitions, What's Market?
A “sandbagging” provision (sometimes referred to as a “pro-sandbagging” provision) in an M&A agreement (asset purchase agreement, stock purchase agreement, or merger agreement) states that a buyer’s remedies against the seller under the agreement are not impacted regardless of whether the buyer had knowledge, at or prior to closing, of the facts or circumstances giving rise to the claim. In other words, even if the buyer was aware of an issue prior to closing - whether it be the target’s non-compliance with applicable laws, a breach of a customer contract, or other breach of a representation, warranty or covenant - it could decide to complete the acquisition, and subsequently make claim against, or “sandbag,” the seller under the agreement. An “anti-sandbagging” provision, as the name suggests, prohibits the buyer from sandbagging or seeking post-closing recourse regarding matters which the buyer knew about at or prior to closing.

Beware Risks In Add-On Acquisitions
Practice: Mergers & Acquisitions
Add-on acquisitions are playing an increasingly important role in the private equity world. Many private equity portfolio companies find it difficult to achieve their growth objectives strictly through organic growth. Other PE firms go even further and embrace a "buy and build" strategy that is predicated on doing a series of add-on acquisitions. Strategic buyers are often at an advantage in a competitive environment as they can take advantage of cost synergies. PE firms can level the playing field if they can structure bolt-ons that improve their overall cost structure. Still, there are a number of risks that need to be considered when looking at portfolio company acquisitions. The key is to recognize that such transactions have not only the risks inherent in any acquisition but also the risks that arise from the combination with the existing platform company. Don't let the relatively small size of add-ons fool you; the risks are real.

Goulston & Storrs Grows Corporate Team With Boston Hire
Practice: Corporate, Mergers & Acquisitions
Law360 (February 23, 2018, 12:03 PM EST) -- A former Pepper Hamilton LLP partner has joined Goulston & Storrs PC in its Boston office, adding even more depth and experience to the firm’s corporate practice with a specialist in the middle-market mergers and acquisitions and private equity spaces.

Lawyers Clearinghouse: February 2018 Pro Bono Victories
Practice: Real Estate
“Whether it’s paying clients or non-paying clients, the entire legal industry is a service industry; you’re there to help people.[This case] gave me the opportunity to not only put my law degree to good use helping someone who wouldn’t have otherwise received a vital service, but also enabled me to learn about subsidized housing law, which can be very relevant to my day-to-day practice in multi-family housing matters.” – Jessica Caamano, Associate, Goulston & Storrs PC

Tax Reform and the Impact on the Real Estate IndustryThe Republican tax plan, now signed into law by President Donald J. Trump, is the first major reform of the U.S. tax code since 1986. To identify key takeaways for corporations and individuals, the Washington Business Journal recently partnered with Abraham “Abe” Leitner, a Tax Director at Goulston & Storrs. Abe has significant experience planning numerous cross-border transactions for U.S. and foreign individuals and corporations. He advises high net worth individuals, foreign governments, insurance companies, hedge funds, real estate developers, REITs, assisted living providers and manufacturers. Abe structures international joint ventures involving real estate investments in the United States and abroad and has advised multinational corporations on cross-border mergers and acquisitions.

Trends in M&A Provisions: Stand-alone Indemnities
Practice: Mergers & Acquisitions, What's Market?
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