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Bill Introduced to Block Chinese Acquisitions During COVID-19 Pandemic

Representative Jim Banks introduced a bill on 5 May 2020 to “place temporary restrictions on acquisitions [of U.S. companies] by the People’s Republic of China. . .” during the COVID-19 pandemic....By: Hogan Lovells
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Hogan Lovells | May 15,2020 |

Governor Murphy Signs Executive Order 142: Resumption of Non-Essential Construction, Curbside Pick-Up from Non-Essential Retail Stores, Gatherings in Vehicles

On May 13, 2020, New Jersey Governor Phil Murphy issued Executive Order 142 (EO 142) as part of the state’s gradual effort to reopen its economy. Among other things, EO 142 permits non-essential construction projects to resume and allows curbside...By: Greenbaum, Rowe, Smith & Davis LLP
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Connecticut Appellate Court Recognizes Cardinal Change Doctrine for the First Time

Changes are made to scopes of work on construction projects every day. In some cases, the contract party being asked to accept these changes is reluctant to do so, and views the changes to be so substantial as to result in a scope of work radically...By: Robinson+Cole Construction Law Zone
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SCOTX: No Arbitrary Arbitration Provision For Local Governments

The Supreme Court of Texas recently announced that local governments who have agreed to arbitration clauses may be forced into arbitration. However, the Court also announced that the judiciary “retains the duty to decide whether a local government...By: Husch Blackwell LLP
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Husch Blackwell LLP | May 15,2020 |

California Appeals Court Provides Guidance on ‘Pay-When-Paid’ Provisions in Construction Subcontracts

On April 17, the California Court of Appeal decided Crosno Construction, Inc. v. Travelers Casualty & Surety Company of America, effectively narrowing the scope of enforceable “pay-when-paid” provisions in construction subcontracts to the extent the...By: Pepper Hamilton LLP
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Pepper Hamilton LLP | May 15,2020 |

Tools for a Construction Lender’s Toolbox in the COVID-19 Era

The coronavirus (COVID-19) pandemic has shut down non-essential construction projects in numerous states, and has severely delayed or otherwise impacted construction in almost every other state. These delays and impacts may deal a fatal blow to some...By: Akerman LLP
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Akerman LLP | May 15,2020 |

COVID-19 Shutdown Orders Allow Construction Work to Proceed in Some States but Limit it in Others

Jurisdictions Limiting Construction Work: Massachusetts: Construction generally is allowed in Massachusetts for all residential construction and certain “essential” commercial construction. However, certain cities and towns have limited construction...By: Saul Ewing Arnstein & Lehr LLP
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Construction Projects and Disputes: A Look Beyond the COVID-19 Lockdown, Part II

It is becoming increasingly clear that the impact of the pandemic will continue to be felt once lockdown measures are relaxed and goods and services are remobilized and deals are rekindled. In addition, many governments are easing restrictions...By: Jones Day
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Jones Day | May 14,2020 |

Biosimilar Buyouts: AbbVie Buyout of Allergan Receives Approval of Irish High Court; Gedeon Richter Buys Tocilizumab Biosimilar

On May 8, 2020, AbbVie announced that it completed its acquisition of Allergan plc, having received approval by the Irish High Court. AbbVie and Allergan had previously announced, on May 5, 2020, that the U.S. Federal Trade Commission accepted the...By: Goodwin
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Goodwin | May 14,2020 |

Corporate Governance and Securities Law Update: Latin America Edition - May 2020

This newsletter provides a snapshot of the principal U.S. and selected international governance and securities law developments during the first quarter of 2020 that may be of interest to Latin American corporations and financial institutions....By: Shearman & Sterling LLP
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Shearman & Sterling LLP | May 14,2020 |
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