Corporate Counsel | Commentary
By Mario Mancuso, Sanjay Mullick and Carolyn Schroll | May 22, 2020
Discussion of some key economic sanctions representations, covenants and compliance provisions that arise in credit agreements, and why it is important to sufficiently consider and negotiate these terms.
By Jane Wester | May 20, 2020
If Cuomo had intended to prohibit such sales, he would have "explicitly provided" for the UCC in his order, just as he did with several laws affected by the pandemic, Justice Frank Nervo wrote.
New York Law Journal | Expert Opinion
By Jeffrey B. Steiner and Scott A. Weinberg | May 19, 2020
In their Real Estate Financing column, Jeffrey Steiner and Scott Weinberg write: In the current economic climate, created in large part by the Covid-19 virus, many borrowers are facing challenges and approaching their lenders with loan modification requests. In handling the large number of such requests, it is important for lenders and servicers to remember to exercise caution in their communications with these borrowers to avoid potential liability for negligence.
By Amanda Albright and Danielle Moran | May 13, 2020
Midtown Campus Properties sold $78 million in unrated taxable municipal bonds in 2019 for a 310-unit, mixed-use facility in Gainesville, which promised an "elite" experience for University of Florida students.
New York Law Journal | Analysis
By Daniel J. Buzzetta and Nicholas M. Rose | May 8, 2020
This article attempts to make sense of New York's usury laws and shed light on the ambiguities and tensions that may leave some litigants and judges scratching their heads.
By Angela Morris | May 7, 2020
Debt case numbers more than doubled from 1.7 million in 1993 to 4 million in 2013, according to a research report by The Pew Charitable Trusts. The COVID-19 economic disruptions may fuel further growth in the case category.
New Jersey Law Journal | Analysis
By Myron C. Weinstein | May 7, 2020
It is submitted that applying New Jersey's common law "litigation privilege" in the context of mortgage payoff and reinstatement statements furnished during the foreclosure process, makes no sense.
By Suzette Parmley | April 30, 2020
The sporting goods retailer was granted its first suspension on March 27, allowing it to defer April 1 rent due to landlords owning the spaces Modell's stores occupy.
New York Law Journal | Analysis
By Michael J. Riela and Richard W. Trotter | April 29, 2020
Distressed businesses that take proactive steps to preserve cash, cut costs, and increase liquidity will be better positioned to endure an uncertain economic environment. Similarly, creditors that act to limit their exposure to preference litigation can decrease their risk of surrendering the payments they received.
By Dara Kam | April 27, 2020
"Although the financial impact to the state for the cost of responding to COVID-19 is anticipated to be significant, it is expected to be manageable," says Florida Division of Bond Finance Director Ben Watkins.
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