Related insights: Commercial Contracts
COVID-19 and Commercial Leases: Guidance for Lenders
May 05 2020
Soon after the spread of COVID-19 and the resulting significant impact on brick-and-mortar retail and other commercial activity, real estate lenders began to take a fresh look at their loan documents and key tenant leases to prepare for potential tenant cash flow issues and lease defaults. Commercial tenants have and will continue to request of their landlords concessions like rental deferments, rental abatements, and waivers of certain lease defaults. Lenders must continue to take a proactive approach with their borrowers, not waiting for loan defaults to inevitably occur.
49 Lawyers and 18 Practice Areas Recognized in Chambers USA 2020
Apr 23 2020
Womble Bond Dickinson (US) LLP is pleased to announce that 49 attorneys and 18 state-level practice areas have been ranked in the 2020 edition of Chambers USA: America’s Leading Lawyers for Business. This includes three attorneys who have been recognized in Chambers’ High Net Worth (HNW) Guide. Six practices earned Band 1 rankings, and 11 lawyers received one or more Band 1 rankings.
Push the Pause Button? Contracts and COVID-19
Apr 07 2020
COVID-19 is having a dramatic effect on everyone’s lives. Our thoughts go out to all those who have been infected and their loved ones. While health has to be the first priority for everyone, this situation also raises significant economic and business issues. Businesses are seeing interruptions in supply, and many contracts can no longer be performed. Businesses are trying to decide whether and how to “push the pause button.” Others are unable to perform their contractual obligations and are trying to determine their legal rights. This article discusses some of the legal issues that inform the decision-making process.
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