In recent months – as credit spreads have continued to widen – sponsors, borrowers and lenders alike have frequently found themselves combing through their loan documents to check the scope of the “MFN” provisions applicable...more
House and Senate members passed a continuing resolution (CR) this week that will fund state government on a temporary basis until August 14, staving off a June 30 budget deadline which marked the end of the fiscal year. The...more
Transportation Network Companies (TNCs) facilitate the use of personal vehicles to transport passengers for a fee using a technology based platform, such as a website or a mobile application to connect riders and drivers. The...more
NEWS & ANALYSIS - NLRB changes longstanding rule for deferral to arbitration awards - The National Labor Relations Board has had a busy December with four major new developments. We have already reported on two of the...more
The California Public Utilities Commission recently sent letters to transportation network companies Uber, Lyft and Sidecar asking them to cease operations of their new carpooling features, on grounds that the companies are...more
The insurance requirements for transportation network companies operating in California, including Uber, Lyft and Sidecar, were increased under an amendment signed last week by Gov. Jerry Brown. The law requires drivers of...more
By now, most people have at least heard of Uber, Lyft, Sidecar and other modern taxicab alternatives, even if they have not experienced for themselves the innovative services that enable customers to virtually “hail a ride”...more