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By Pillsbury's Construction & Real Estate Law Team Recently, our colleague Trevor Wood published a Client Alert titled LIBOR and the Transition to Risk-Free Rates, discussing the Chief Executive of the UK Financial Conduct Authority’s (FCA) recent announcement that, because of insufficient trading in the underlying markets, the London Interbank Offered Rate (LIBOR) will no longer be supported by the FCA after… [read post]
By Pillsbury's Construction & Real Estate Law Team In the wake of COVID-19, default rates for commercial real estate loans, including those supported by personal guaranties, will likely accelerate. [read post]
By Pillsbury's Construction & Real Estate Law Team One year into the pandemic, courts have almost uniformly found that COVID-19 does not permit commercial tenants to avoid their rent payment obligations. [read post]
By Pillsbury's Construction & Real Estate Law Team The Department of Homeland Security has outlined 16 critical infrastructure sectors which represent the types of businesses that can remain operational during the COVID-19 pandemic. [read post]
By Pillsbury's Construction & Real Estate Law Team For America’s economic recovery to move forward with relatively few hitches, liability limits are essential. [read post]
By Pillsbury's Construction & Real Estate Law Team Today, our colleagues Tom Morton and Emily Bias published their Client Alert titled Impacts of the Omnibus Spending Plan on the Affordable Housing Industry, Trump’s Omnibus Spending Plan adopts two key provisions from the proposed Affordable Housing Credit Improvement Act that will strengthen and expand low-income housing credit. [read post]
By Pillsbury's Construction & Real Estate Law Team With many struggling to make housing payments due to COVID-19, dues owed to multifamily condominium associations are likely to go unpaid—especially if homeowners feel deprived of the use of common areas, such as pools, gyms and playgrounds. [read post]
By Pillsbury's Construction & Real Estate Law Team Today, our colleagues John Jensen, Dick Oliver, David Dixon and Alex Ginsberg published their Alert titled Defenders of the Debriefing, New DoD rules enhance contractors’ post-award debriefing rights. [read post]
By Pillsbury's Construction & Real Estate Law Team A recent court order issued as part of an ongoing litigation involving a Manhattan hotel held that a mezzanine lender may proceed with a UCC foreclosure sale of the mezzanine loan collateral despite N.Y.E.O. 202.8, which prevents creditors from initiating judicial foreclosures. [read post]
by Pillsbury's Construction & Real Estate Law Team As green hydrogen production becomes a global endeavor, many countries are vying to become hubs for the production of clean-burning fuel. [read post]
by Pillsbury's Construction & Real Estate Law Team The legal cannabis industry in the U.S. is growing at an unprecedented rate and is projected to reach $73.6 billion by 2027. [read post]
by Pillsbury's Construction & Real Estate Law Team From a stream of legal challenges, to ever-expanding regulations on things like cosmetics and drinking water, PFAS are the “forever chemicals” keeping companies and consumers on high alert. [read post]
By Pillsbury's Construction & Real Estate Law Team Please join us today, April 7, 2020, at Noon ET / 9:00am PT for an Industry Insights webinar series designed to help clients spot issues, mitigate risk and navigate challenges specific to their industry. [read post]
By Pillsbury's Construction & Real Estate Law Team In many cases, borrowers and lenders are working together to weather this crisis. [read post]
By Pillsbury's Construction & Real Estate Law Team Although the majority of states across the country have issued statewide Shelter-in-Place or Stay-Home orders, Texas has demurred, initially altogether, deferring to counties and cities to use their own executive authorities as they deemed necessary, and then coming along in substance while eschewing the “stay-home order” characterization. [read post]
By Pillsbury's Construction & Real Estate Law Team Please join us April 7, 2020, for an Industry Insights webinar series designed to help clients spot issues, mitigate risk and navigate challenges specific to their industry. [read post]
By Pillsbury's Construction & Real Estate Law Team New Small Business Administration (SBA) guidance implementing the Paycheck Protection Program (PPP) confirms that a somewhat narrower set of affiliation principles now applies to SBA loan programs, including the PPP. [read post]