News & Analysis as of

Liens Coronavirus/COVID-19

Seward & Kissel LLP

Excessive Debt Killed the Radio Star, More Mass Torts, Immune System, and Mojo Rising

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WSJ Report: Audacy Close to Filing for Bankruptcy| RadioWorld - After struggling to pay back some of its $2 billion in debt, radio broadcaster Audacy is preparing to file for bankruptcy protection according to a report in...more

White & Case LLP

Liability management opportunities for mining & metals companies during a downturn

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Mining & metals companies can take advantage of low prices in the leveraged finance markets to manage their liabilities amid the expected recession. The current economic environment creates opportunities for the mining &...more

Foley & Lardner LLP

11 Key Strategies to Protect Your Company’s Supply Chain and Mitigate Risks Against Financially Distressed Customers and Suppliers

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As we pass the midpoint of 2022 and the world expresses a collective sigh of relief that the worst of the COVID-19 pandemic seems to be behind us, a perfect storm of extraordinary factors is creating conditions for financial...more

BCLP

Changes and Developments in California Employment Laws for 2022

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As 2021 quickly comes to a close, we look back at this year’s legislative session, which included several employment-related bills signed by Governor Gavin Newsom, including bills aimed at prohibiting quotas that interfere...more

Holland & Knight LLP

Lenders and Borrowers Beware: EIDL Fraud Alert

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Holland & Knight has learned through customary deal due diligence that some borrowers – especially those who received a Paycheck Protection Program (PPP) loan through the U.S. Small Business Administration (SBA) – may have...more

Latham & Watkins LLP

COVID-19: Auswirkungen auf Rechtspositionen von Vermietern

Latham & Watkins LLP on

Welche Handlungsmöglichkeiten stehen dem Vermieter im Falle COVID-19 basierter Mietzahlungsausfälle zur Verfügung? Durch das „Gesetz zur Abmilderung der Folgen der COVID-19-Pandemie im Zivil-, Insolvenz- und...more

Dechert LLP

Strategies for BDCs to Manage Their Loan Portfolios during the COVID-19 Pandemic

Dechert LLP on

Given the volatile economic environment caused by the COVID-19 pandemic, business development companies (“BDCs”) need to proactively manage their loan portfolio companies to mitigate risk and avoid surprises that may arise in...more

Ward and Smith, P.A.

Economic and Financial Uncertainty: How a Homeowners Association Can Protect Itself

Ward and Smith, P.A. on

In a short period of time, COVID-19 has changed the way we live and conduct business. Sadly, the pandemic seems as though it will cause (or already has caused, depending on who you ask) a devastating impact on our local...more

Snell & Wilmer

Five Land Banking Lessons Learned During the 2008 Great Recession

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Land banking was one of the hardest hit industries during the 2008 Great Recession. As the housing and financial markets declined drastically, many homebuilders terminated their option agreements with the land bankers and...more

Rosenberg Martin Greenberg LLP

Internal Revenue Service Announces "People First Initiative" in the Wake of COVID-19

Initiative Temporarily Suspends Many Payment Requirements and Enforcement Actions - Earlier this week, the Internal Revenue Service (“the Service”) unveiled its new People First Initiative (“the Initiative”), an effort by...more

Rosenberg Martin Greenberg LLP

How the Internal Revenue Service's People First Initiative and Existing Collection Procedures Offer Additional Tax Resolution...

Distressed Businesses, the Unemployed, and Others Experiencing Financial  Hardship May Greatly Benefit if Action is Taken - Although the pandemic and related financial downturns have put many individuals and businesses on...more

Bradley Arant Boult Cummings LLP

Having Trouble with CARES Act Forbearances in Ch. 13 Bankruptcy? You’re Not Alone!

Consumers that have pending Chapter 13 bankruptcy cases undoubtedly suffered from financial hardship prior to the COVID-19 pandemic. For many of those consumers, the pandemic may have exacerbated that hardship...more

Cozen O'Connor

Do Not Sign That Lien Waiver

Cozen O'Connor on

Every month, contractors, subcontractors, and suppliers submit applications for payment upstream along with a form they are contractually required to execute: a release and waiver of claims or liens, commonly called a “lien...more

Rosenberg Martin Greenberg LLP

Internal Revenue Service Announces “People First Initiative” In Wake of COVID-19

Initiative Temporarily Suspends Many Payment Requirements and Enforcement Actions Earlier this week, the Internal Revenue Service (“the Service”) unveiled its new People First Initiative (“the Initiative”), an effort by...more

Schwabe, Williamson & Wyatt PC

COVID-19: Preserving Your Payment Rights through Lien and Bond Claims

The COVID-19 pandemic has caused more than just health concerns for our community—it has also created significant economic concerns. Jobsites are shutting down across the country and contractors are afraid that project...more

Ward and Smith, P.A.

Addressing Financial Impacts of the COVID-19 Crisis on Construction Companies

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In the midst of the current Coronavirus crisis, the priorities for most construction companies are (1) the health and well-being of its employees, and (2) addressing delays on projects caused by the inability to obtain labor...more

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