Blog: Opinions & Observations
What Does Fair Market Value Mean?
January 19, 2021
Generally, fair market value is the price an asset would sell for on the open market between a willing buyer and a willing seller. Though the wording may vary, the definition is fairly consistent across the various fields the phrase is used. Recently, the Supreme Court of Virginia considered the specificity of this phrase in the case of Ann M. Wilburn, et al. v. Anthony John Mangano. The phrase “fair market value” appeared in a will and codicil’s option...
Read MoreVirginia Supreme Court Rejects Oyster Bed Leaseholders’ Inverse Condemnation Claim
December 14, 2020
The Supreme Court of Virginia has reaffirmed its century old precedent that leaseholders of oyster beds hold limited property rights and are not entitled to make an inverse condemnation claim against a governmental entity when such entity’s actions cause damage to oyster grounds by way of causing the water running over the grounds to become polluted. In Johnson v. City of Suffolk, leaseholders of certain oyster grounds in the Nansemond River filed an...
Read MoreOpening the Door to Social Media Content through Discovery
October 02, 2020
The abundance and sophistication of social media platforms has changed our society. Social media is impacting our personal and professional worlds. For the most part, it has been a positive tool. Today, we can connect with people across the world, exchange ideas, and expand our network all just with the click of a button. In the legal community, social media has the potential to change the way attorneys search for and uncover evidence. Due to the...
Read MoreVirginia’s New Series LLC – Uses, Benefits and Drawbacks
September 11, 2020
As of July 1, 2020, the “Series Limited Liability Company,” became the newest addition to Virginia’s legal entity landscape. Set forth in a new Article 16 of Virginia’s Limited Liability Company Act, Virginia’s act is modelled on the Uniform Protected Series Act and brings a relatively new business structure to Virginia. Essentially a variant of a traditional limited liability company, a Series limited liability Company (“Series LLC”) attempts to...
Read MorePerfecting and Successfully Enforcing a Mechanic’s Lien and Dealing with a Lender’s Priority
August 14, 2020
It goes without saying that any mechanic’s lien must be timely filed and must meet all the statutory requirements under the applicable lien statute, not only if the lien claimant expects to enforce its lien, but also if a lien claimant expects to have its mechanic’s lien enforced ahead of the lender’s lien, perfect the lien in accordance with the local statute, and meet any deadline and other requirements for instituting and successfully prosecuting an...
Read MoreJuly 13, 2020
An Employer's Application for Hearing allows an employer to suspend or terminate workers’ compensation benefits of an injured employee who is under an open indemnity award. There are certain instances when an employer can request that workers’ compensation benefits be stopped. An employer may choose to file an Employer’s Application for Hearing and request that the injured worker’s compensation benefits be terminated if: the worker refuses vocational...
Read MoreNew Virginia Employment Laws Effective July 1, 2020
June 30, 2020
Virginia has traditionally been viewed as an employer-friendly state. Part of that reputation arises from the fact that it had relatively few wage payment regulations and that state courts were closed to most employment-related claims. Instead, employees had to bring their discrimination claims in federal court, where there were statutory caps to damages, and they had to rely on the Department of Labor and Industry to pursue any wage payment claims....
Read MoreNew Laws in Virginia Effective July 1, 2020 and Noteworthy Actions by the Virginia Legislature
June 29, 2020
Many of the new laws passed in the 2020 legislative session reflect concerns that dominated the news last year, such as legalizing marijuana, mass shootings and gun control. The 2021 session will, no doubt, have bills introduced reflecting current concerns raised by the Black Lives Matter movement and COVID-19.Decriminalization of MarijuanaPenalties for offenses involving personal possession of up to one ounce of marijuana are now a civil violation and no...
Read MoreEvaluating Recent Legislative Efforts to Reform Oyster Leasing in Virginia
April 23, 2020
In January of 2016, the Virginia Marine Resources Commission, concerned about reports of conflicts in the Lynnhaven River system between oyster farmers harvesting from leased grounds and upland property owners, boaters, and other users and about proposed legislation that would have instituted a moratorium on new leases within that river system, formed a working group to review the matter and make recommendations about how to address the conflicts. Very...
Read MoreWhy Everyone Needs an Estate Plan and Why It Probably Should Involve a Trust
April 21, 2020
We all know that you can’t take it with you, but too many people have not taken the time to properly consider an appropriate estate plan. Many people are like Fred and Sally Smith. Fred and Sally have been delaying getting an estate plan. They don’t like thinking about dying and what the world will be like when they are no longer in it. Unfortunately, death, as Benjamin Franklin pointed out, is one of the two great certainties in life (the other, of...
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