California’s Supreme Court recently reversed a court of appeal’s decision that affirmed a lower court’s denial of bid preparation costs to a “disappointed” bidder on a public contract. (Kajima/Ray Wilson vs. Los Angeles County Metropolitan Transportation Authority.) In November 1994, Kajima/Ray Wilson was the lowest bidder on a public project building a station and tunnels.
In an economic climate where a trade creditor is increasingly at risk for payment of goods sold and delivered it makes sound business sense to consider the use of security agreements with new or ongoing customers. A security agreement allows the trade creditor priority status in collection of its receivables where the customer can no.
This article was published in The New York Law Journal, May 24, 1999 As many litigators can attest, frequently clients call upon them for their counsel to assist in devising a strategy that will place the clients in the best possible light should it become necessary to initiate litigation down the line. Take for example.