Post by Sapphire Capital on Aug 5, 2008 22:04:06 GMT 4
Managing Real Estate Ownership Risks in Europe and the Baltics
Dr. Edward Lestrade, K.Ost.J, Lld
Lestrade Law Associates LLC
European Newsletter, Sweet & Maxwell, 'Doing Business in Europe Series', September 2007
Abstract:
One hundred and thirty years ago a LandAmerica Financial Group Inc. company, the Real Estate Title Insurance Company of Philadelphia (now, Commonwealth Land Title Company) issued the real estate industry's first title insurance policy. Since then, title insurance has gone on to become a standard practice in America's real estate market.
The title insurance industry now is such that in 2005, over US$17 billion was collected by title insurance companies in premiums. The insurance is now available additionally,in such areas as the Caribbean, Asia, Latin America, Canada and now Europe.
Recent times have seen a growing interest for title insurance in Europe and the new European Union member states in Central and Eastern Europe and the Baltics, due to the rapid increase in cross-border real estate investments. In that regard, this paper assesses the potential for and actual use of, the insurance for managing real estate ownership risks in those regions.
papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1019248_code641830.pdf?abstractid=1019248&mirid=4
Dr. Edward Lestrade, K.Ost.J, Lld
Lestrade Law Associates LLC
European Newsletter, Sweet & Maxwell, 'Doing Business in Europe Series', September 2007
Abstract:
One hundred and thirty years ago a LandAmerica Financial Group Inc. company, the Real Estate Title Insurance Company of Philadelphia (now, Commonwealth Land Title Company) issued the real estate industry's first title insurance policy. Since then, title insurance has gone on to become a standard practice in America's real estate market.
The title insurance industry now is such that in 2005, over US$17 billion was collected by title insurance companies in premiums. The insurance is now available additionally,in such areas as the Caribbean, Asia, Latin America, Canada and now Europe.
Recent times have seen a growing interest for title insurance in Europe and the new European Union member states in Central and Eastern Europe and the Baltics, due to the rapid increase in cross-border real estate investments. In that regard, this paper assesses the potential for and actual use of, the insurance for managing real estate ownership risks in those regions.
papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1019248_code641830.pdf?abstractid=1019248&mirid=4