What is a lis pendens and when can it be used in international litigation?
A lis pendens is a legal document that is used in international litigation. It is typically a document filed with a court that announces to the public that there is pending litigation involving a certain property. It essentially puts all potential buyers of the property on notice that they have risk in buying it, since the outcome of the pending litigation may affect their title to the property. In North Carolina, a lis pendens can be used in international litigation to formally put all potential buyers on notice that the property is subject to a dispute. When the document is filed, it becomes public information and anyone who searches the public records can see that the property is in dispute. As a result, any potential buyer that purchases the property is aware of the dispute and can weigh the risks of buying it. In North Carolina, a lis pendens can only be used in international litigation when the lawsuit involves real estate. This document cannot be used in any other context. Additionally, the lis pendens must be filed in the county in which the property is located, so that all potential buyers can easily find the document. Overall, a lis pendens is a legal document that is used in international litigation to alert potential buyers of a pending dispute involving a certain property. It can only be used in North Carolina when the litigation involves real estate, and it must be filed in the county where the property is located.
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