Condemnation attorney, Michael Rikon, a partner at Goldstein, Rikon & Rikon, P.C. in New York City, has been invited to speak at the 7th International Conference on the Valuation of Plant Machinery and Equipment (ICVPME) in Beijing, China September 19-21, 2011. [Disclosure: Michael Rikon is the New York representative of Owners’ Counsel of America. Mr. Rikon has practiced eminent domain law since 1969. Mr. Rikon and the firm limit their practice exclusively to representing private property owners in condemnation actions.]
Mr. Rikon will present a paper entitled “Case Study of Condemnation on Machinery and Equipment.” The paper explains how American courts treat compensation for plant machinery and equipment—or trade fixtures—that have been condemned.
The term trade fixtures in the law of eminent domain includes machinery, fixtures, equipment, and improvements made to a property for business purposes. Michael Rikon’s paper also addresses the judicial treatment that countries outside the United States apply to similar activities.
The 7th ICVPME Conference is sponsored by the China Appraisal Society, the American Society of Appraisers, Australian Property Institute, and Royal Institute of Chartered Surveyors. The conference includes experts on valuation from all over the world. Michael Rikon has practiced eminent domain law for 42 years and has tried several hundred trade fixture claims to judgment in the courts. For further information on the conference, visit the official website at http://www.icvpme.org.