Legal News

Latin American loan issuance has felt the effects of COVID-19 disruptions, but lenders have remained open for business as borrowers turn to bilateral loan revolving credit facilities for liquidity. Loan markets in Latin America (including the Caribbean) fell into steep decline in the first half of 2020 as the COVID-19 outbreak caused the region’s economies and stock markets to tumble....By: White & Case LLP

More and more buyers are using representation and warranty insurance (RWI) to supplement or replace indemnities from a seller in the sale of a business in Canada. While some of our clients, particularly private equity funds, use RWI regularly, other clients find themselves having to quickly familiarize themselves with how it works, sometimes in the middle of a complex mergers and acquisitions (M&A) transaction. Whether you are a RWI expert or not, two recent market reports from AON and Marsh JLT...

As the pandemic-induced recession continues, there will be increasing opportunities for investors to acquire failing businesses at bargain prices. Companies with sound business models that were until recently profitable may now be faced with no better option than to sell their assets for as much as the open market will pay. Buyers of these failing companies will likely have the power to strike favorable deals for amounts that sellers would have summarily rejected six months ago. However, buyers....

Join McDermott and BDO on Thursday, August 20 to hear about the latest updates concerning the Paycheck Protection Program (PPP). Our multi-disciplinary panel will cover the most pressing issues as of August 2020, including: - An overview of common errors and omissions to avoid when completing loan forgiveness applications - How lenders are handling loan forgiveness applications and coordinating with the Small Business Administration (SBA) - What to expect and how to prepare for SBA...By: M...

In the energy space, smaller companies are finding it harder to compete on their own and larger companies need more scale to improve operational efficiencies and boost shareholder value leading to many business consolidations. This presentation will cover the legal and practical implications of these transactions, including issues specific to public company mergers and executive compensation. The presentation will also touch upon developments in Federal Courts, the Delaware Court of Chancery,.....

In today’s edition of Daily Compliance News: Former NRA insider pens tell-all book. (NYT) Banks set up partnerships to combat crime. (WSJ) After trying to destroy Postal Service, Trump Administration says ‘just kidding’. (WSJ) Average CEO salary now $21.3MM. (WaPo)...By: Thomas Fox

Petitioner, Claude Simon (“Petitioner”), owns approximately 2.25 acres of property in the Village of Upper Nyack (the “Village”), which he sought to subdivide into two separate lots.  The first lot would contain the existing dwelling and other existing improvements.  The vacant second lot would be improved with a single-family dwelling....By: Farrell Fritz, P.C.

While the Paycheck Protection Program (PPP), created under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, has provided much-needed relief to small businesses in response to the COVID-19 pandemic in recent months, a buyer contemplating acquiring a target that has received a PPP loan should take time to carefully consider how the target’s PPP loan will affect the transaction in its due diligence, contract negotiation and post-closing stages. Buyers that have claimed or are...By: ...

The government has called for good behaviour by parties to UK construction contracts. What does that mean in practice for those battling the economic effects of the COVID-19 pandemic? Experience of previous recessions warns us to expect more construction disputes as the national lockdown takes its toll on the UK economy. When cash flow is disrupted, whatever the reason, stress levels rise, people become more defensive and argumentative, disputes become a temporary solution to stave off payment.....

The Construction Leadership Council (CLC) Task Force recently published guidance on future-proofing contract amendments. This builds on its May 2020 guidance COVID-19 Contractual Best Practice Guidance (the May 2020 Guidance), which aimed to be a starting point for all parties for dealing with the coronavirus (COVID-19) pandemic....By: Dentons