by Blanco Tackabery | Jul 24, 2020 | Industry Insights
As noted in our earlier post, the Small Business Reorganization Act (SBRA), which became effective February 19, 2020, was enacted to address concerns that typical chapter 11 reorganization cases were too expensive and burdensome for smaller businesses. In order to...
by Blanco Tackabery | May 20, 2020 | COVID-19, Industry Insights
The Small Business Reorganization Act (SBRA) became effective February 19, 2020. The SBRA was enacted to address concerns that typical chapter 11 reorganization cases were too expensive and burdensome for smaller businesses. In order to address those concerns,...
by Blanco Tackabery | May 6, 2020 | COVID-19, Industry Insights
The Coronavirus Aid, Relief and Economic Security Act (CARES Act) included the Paycheck Protection Program (PPP) to encourage small business employers to continue to retain and pay employees during the economic slowdown. The PPP has been extremely popular, with the...
by Blanco Tackabery | Apr 30, 2020 | COVID-19, Industry Insights
In my last post, I addressed the legal concepts of force majeure, impossibility and frustration of purpose in the context of real estate contracts and leases. In general, these concepts all relate to how an unforeseen catastrophe may affect a party’s duty to abide by...
by Blanco Tackabery | Apr 20, 2020 | COVID-19, Industry Insights
In a recent post, I discussed the effect of COVID-19 on real estate closings. Another topic affecting the real estate industry is whether coronavirus will excuse tenants from paying rent. While tenants of all sorts may experience difficulty paying rent in light of...
by Blanco Tackabery | Apr 6, 2020 | COVID-19, Industry Insights
As the world hunkers down in response to COVID-19, the virus presents many questions for the real estate industry – and the potential for disputes about whether a deal can close in light of the current “lockdown” environment. This issue may arise in commercial or...
