Month: February 2021

Congratulations to Attorney Kelly Caralis on her Elevation to Shareholder of the Firm

Congratulations to RIW Attorney Kelly A. Caralis on her elevation to Shareholder of the firm. Kelly is a member of the firm’s Corporate & Business Department and co-leads the firm’s Hospitality Practice Group. She has extensive experience in representing private companies in complex transactions and general corporate matters, including entity formation, capitalization, commercial leasing, contract drafting and review,…

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RIW Guides inTerra Innovation Through Chapter 11 Reorganization

On December 11, 2020, the United States Bankruptcy Court for the District of Massachusetts entered an order confirming the chapter 11 plan of reorganization in the bankruptcy case of inTerra Innovation, Inc. (“inTerra”). Ruberto, Israel & Weiner’s Bankruptcy, Workout & Insolvency attorneys James C. Fox, Christopher J. Lhulier, and Rion M. Vaughan represented inTerra as…

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POSTED IN: Bankruptcy, Workout & Insolvency, News

The Effect of COVID-19 on Risk Allocation in Commercial Leases: Recent Superior Court Decision Provides Guidance

In one of the first written decisions from the Massachusetts Superior Court on the practical impact the COVID-19 pandemic has had in the commercial real estate space, the Business Litigation Session in the case of UNMV 205-207 Newbury, LLC v. Caffe Nero Americas Inc. not only denied an attempt at summary judgment by the Lessor, but also…

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POSTED IN: Corporate & Business, COVID-19, Litigation, News

Client Alert: The End of LIBOR: What Lenders Need to Know

After several years of pronouncements by regulators, financial markets are on track to phase out and replace the London Interbank Offered Rate, or LIBOR, beginning in 2022. With LIBOR serving as the benchmark interest rate for trillions of dollars’ worth of commercial loans, the transition will be significant. While lenders need not panic about the…

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POSTED IN: Banking, Finance & Lending, News

Client Alert: Governor Baker Signs Progressive Zoning Act Changes

On January 14, 2021, Massachusetts Governor Charlie Baker signed into law amendments to Chapter 40A intended to facilitate the permitting and development of housing in the Commonwealth.  Massachusetts General Law Chapter 40A, entitled “The Zoning Act”, is the statutory framework that underlies all local zoning controls adopted across Massachusetts’ 350 cities and towns outside of…

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POSTED IN: Commercial Real Estate, Construction Law, News