No Get Out Of Jail Free Card: Courts Less Than Receptive To Force Majeure, Impossibility, and Other Defenses
The increase in loan and lease defaults in the wake of COVID-19 has brought to the forefront numerous legal defenses ...
Read MoreThe Courts’ View of UCC Article 9 Sales In The COVID-19 Environment Is Clearly Changing
While the world may be in a state of semi-paralysis waiting for a COVID-19 vaccine, the legal environment involving creditors’ ...
Read MoreUpdate On Lease Disputes & Covid-19: Is Covid-19 A Get Out Of Jail Card For Tenants?
The number of lawsuits in the New York Supreme Court, New York County, concerning leases between commercial landlords and tenants ...
Read MoreProtecting Your Business When Entering Into A PPE Agreement
Although many businesses throughout the United States were decimated by the economic impact of the COVID-19 pandemic, a few have ...
Read MoreCustomer Accommodation & Litigation Strategies During The Pandemic: Three Smart Actions You Must Consider Before You Agree To “Work With” Your Customer
COVID-19’s impact on the economy has created a myriad of issues for the business community. Perhaps the most common is ...
Read MoreWill Courts Allow Lease Cancellation In The Wake Of Covid-19?
Moritt Hock & Hamroff has been following the impact of the COVID-19 pandemic on creditors’ rights. On May 21, 2020, ...
Read MoreLender Stayed From Proceeding With UCC Article 9 Sale
Moritt Hock & Hamroff recently reported on the impact of the COVID-19 pandemic on Uniform Commercial Code (“UCC”) Article 9 ...
Read MoreUCC Sales Held Not Subject To Cuomo Executive Order Barring Mortgage Foreclosures
A recent New York State Supreme Court judge has answered the question of whether Governor Andrew Cuomo’s Executive Order 202.8 ...
Read MoreGovernor Cuomo Issues Major Change To How A Board Of Directors May Act (And Other Significant Changes Affecting How We Conduct Business)
Business Corporation Law (“BCL”) §708(b) allows any action required or permitted to be taken by a board (or any committee ...
Read MoreSecured Lending Guidelines & Strategies In The Current Crisis
In the midst of the unfolding COVID-19 pandemic, much like during the financial crisis, the banking laws and regulations are ...
Read MoreFederal Stimulus Bill Amends Bankruptcy Code Provisions To Allow Greater Access To Bankruptcy Relief For Individuals & Small Businesses Impacted By COVID-19
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) which ...
Read MoreCorporate & Securities Considerations For Companies Impacted By COVID-19
As the Coronavirus (COVID-19) outbreak spreads and the human toll surges, the business world faces profound and unprecedented challenges. Although ...
Read MoreCoronavirus Aid, Relief, & Economic Securities (Cares) Act Payroll Protection Loans
The CARES Act which was already passed by the Senate passed in the House of Representatives on Friday, March 27, ...
Read MoreFinancial Assistance Programs Available To New York City Small Businesses Affected By COVID-19
In addition to the SBA program set forth in our previous postings, there are other programs available to businesses located ...
Read MoreUPDATE: Eligible Small Businesses In New York State Affected By COVID-19 Can Now Apply For U.S. Small Business Administration (The “SBA”) Economic Injury Disaster Loans
During the COVID-19 outbreak, we will continue to be available to guide and assist our clients in obtaining the working ...
Read MoreU.S. Small Business Administration (the “SBA”) To Provide Economic Injury Disaster Loans To Eligible Small Businesses That Have Been Impacted By The Coronavirus (COVID-19)
During these uncertain times, our clients have looked to us to provide guidance on available options to help ease the ...
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