In recent years, there has been a notable increase in foreclosure sales resulting in surplus funds due to rising property values. This trend presents opportunities and challenges for Illinois condominium and homeowners associations (HOAs) seeking to recover unpaid assessments and… Continue Reading →
Join Tressler’s experienced HOA attorneys for this complimentary webinar to learn about the litigious nature of condominium and community association owners and the use of alternative dispute resolution (ADR) methods to avoid a lawsuit. HOA litigation creates a significant burden on members… Continue Reading →
On March 2, 2025, the Treasury Department announced the suspension of the enforcement of the Corporate Transparency Act (CTA) against U.S. citizens and domestic reporting companies. The Treasury Department will be issuing proposed rules that will narrow the scope of… Continue Reading →
On February 17, 2025, the United States District Court for the Eastern District of Texas granted the government’s motion to stay the nationwide injunction that previously halted enforcement of the Corporate Transparency Act (this was the second case with a… Continue Reading →
Tressler is excited to welcome Justin Kaplan as a partner in our Condominium and Common Interest Association Law Practice Group in Chicago. “I am thrilled to join Tressler LLP and become part of a team that has built a reputation for excellence in… Continue Reading →
On August 9, 2024, Governor Pritzker signed SB 2740 into law. The Bill creates a new Section 18.12 of the Illinois Condominium Property Act (the “Act”) that went into effect on January 1, 2025. This update to the Act addresses… Continue Reading →
We have yet another wild development with the Corporate Transparency Act: Filings are now voluntary and not subject to fines for failure to comply. On December 26, 2024, the full panel of judges of the Fifth Circuit Court of… Continue Reading →
On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a NATIONWIDE preliminary NATIONWIDE injunction against the Corporate Transparency Act (Act). See Texas Top Cop Shop, Inc., et al. v. Garland, et al. In the underlying case, the Plaintiff argued that… Continue Reading →
A substantial change is on its way for Illinois Condominium Associations beginning January 1, 2025. This is a new transformative approach to accessible parking for residents with disabilities. Here is what the new rule means and why it matters: Beginning… Continue Reading →
Tressler attorneys Kathryn A. Formeller, Simone E. Haugen and Adriana M. Bosco successfully represented board members of a condominium association. Two years after closing, a unit owner of the condominium association filed suit against the board members for breach of fiduciary duty (on numerous issues… Continue Reading →
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