Legal and Regulatory
Special Purpose Entities: Are Parent and Subsidiaries Separate or Joined?
Special purpose entities (SPE) are commonly used to shield a company from risk in construction. An SPE is an entity, like an LLC, that is set up by a parent company to do one thing - to own a single asset such as a building under construction.
By Benton T. Wheatley
June 1, 2018
Topics
Legal and Regulatory
by Benton T. Wheatley
Ben Wheatley has more than 23 years of experience litigating complex construction and environmental matters, negotiating and drafting construction and design contracts, serving as in-house counsel for an international A/E firm, and working on issues concerning the practice of architecture, engineering, and project construction in all 50 states, Mexico and South America. In addition to construction law matters, Ben handles administrative matters related to the construction and design industry, as well as environmental and commercial litigation.
Related stories
Legal and Regulatory
ABC Urges Senate to Pass a Clean CR to End Shutdown
By ABC
As the government remains shut down, ABC calls on the Senate to pass a continuing resolution.
Legal and Regulatory
ABC Opposes the Egregious Faster Labor Contracts Act
By ABC
The FLCA would stifle—if not effectively eliminate—construction companies' abilities to negotiate workplace conditions.
Legal and Regulatory
Supreme Court's Course Correction on NEPA Already Steering Decisions in Infrastructure Development Cases
By David Ayliffe
How a Colorado court case could set a precedent for minimizing legal infrastructure hurdles.