Category: News

The Industry Newsletter: April 2021

Check out the full The Industry Newsletter: April 2021 Edition

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POSTED IN: Hospitality Practice Group, News, The Industry

Client Alert: SBA Issues Guidance for Restaurant Revitalization Fund Program

On April 17, 2021, the Small Business Administration (“SBA”) quietly rolled out a new website for the much-anticipated Restaurant Revitalization Fund (“RRF”) program.  The website includes, among other things, a sample Application and Program Guide.  A copy of the Program Guide can be found here and a copy of the of the sample Application can…

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POSTED IN: COVID-19, Hospitality Practice Group, News

Client Alert: Congressional Bills Suggest Significant Changes to Wealth Transfer Tax Regime: What You Need to Know

The March 25th introduction of the “For the 99.5% Act” (the “Act”) by Senators Sanders and Whitehouse has caused great angst for estate planning practitioners and their clients, alike. Although a reduction in the large unified federal estate, gift and generation-skipping transfer tax exemptions has long been anticipated, the sweeping proposed Tax Code revisions suggest an…

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POSTED IN: News, Trusts & Estates

Landlords Beware: Serial Plaintiffs Can Be Costly

Massachusetts residential real estate lessors, property managers and brokers are facing increased scrutiny over alleged Fair Housing Act (“FHA”) violations.  In fact, in recent months, over a dozen lawsuits have been filed in both State and Federal Courts, as well as the Massachusetts Commission Against Discrimination (“MCAD”) against various lessors, property managers and brokers of…

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POSTED IN: Commercial Real Estate, Litigation, News

Eric M. Sigman Joins Ruberto, Israel & Weiner’s Corporate & Business Law and Hospitality Practice Groups

RIW is pleased to announce that Eric Sigman has joined the firm as a Shareholder in the Corporate & Business Law and Hospitality Practice Groups. Eric focuses his corporate practice in the areas of corporate formation, capitalization, succession planning, commercial leasing, and mergers and acquisitions. His transactional practice includes counseling clients in connection with mergers and acquisitions, asset…

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POSTED IN: Corporate & Business, Hospitality Practice Group, News

Client Alert: The American Rescue Plan Act of 2021 Establishes A $28.6 Billion “Restaurant Revitalization Fund” Within the U.S. Small Business Administration

On March 11, 2021, President Biden signed the $1.9 trillion American Rescue Plan Act of 2021 (the “Act”) into law. The wide-ranging $1.9 trillion stimulus bill establishes a $28.6 Billion “Restaurant Revitalization Fund” (the “RRF”) within the U.S. Small Business Administration (the “SBA”). The RRF is the first package of its kind to target restaurants through…

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POSTED IN: COVID-19, Hospitality Practice Group, News

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