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Posts from 2023.

Virginia mechanic’s liens can be tricky, full of pitfalls, landmines, and traps for the unwary. One of those traps is the sometimes confusing and often misunderstood “150-Day Rule.” And a recent mechanic’s lien case from the City of Norfolk addresses not only the 150-Day Rule, but also the difference between (i) a “mere inaccuracy” in the memorandum of lien (which will not invalidate the lien), and (ii) a fatal inclusion of dollar amounts in the lien which will invalidate the lien and render it completely unenforceable.

As we near the mid-point of 2023, the economic outlook continues to remain uncertain at best. The Federal Reserve continues to raise interest rates, sending ripple effects throughout the markets. While the employment data continues to be strong in most sectors, inflation has only subsided minimally, leaving many to wonder what the remainder of 2023 will bring.

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