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

Ruberto, Israel & Weiner Announces New Leadership

Ruberto, Israel & Weiner is pleased to announce that Bradley Croft has been elected as President of the firm and Chair of the Executive Committee, and that Michael Rosen has been elected as Chair of the Corporate Department and as a member of the Executive Committee.  Mr. Croft, who also Chairs the Litigation Department, and Mr. Rosen are joined on the Executive Committee…

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Client Alert: Biden Administration to Push Ban on Non-Compete Agreements

In December, President-Elect Biden released his “Plan for Strengthening Worker Organizing, Collective Bargaining, and Unions” (the “Plan”), outlining the incoming administration’s labor and employment policy goals. Among the Plan’s proposals are the “eliminat[ion] of non-compete agreements, except the very few that are absolutely necessary to protect a narrowly defined category of trade secrets, and [an]…

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POSTED IN: Corporate & Business, Employment Law, News

RIW Construction Attorney Bradley Croft to Join Panel on Prompt Payment Act

On Wednesday, January 13, RIW Litigation Department Chair Bradley Croft will join a panel of other prominent construction industry lawyers for a discussion on the impact of his recently decided case enforcing the Massachusetts Prompt Payment Act. In a case of first impression, the Massachusetts Superior Court ordered a real estate developer to pay a…

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Employment Law Alert: Massachusetts Paid Family and Medical Leave Goes into Effect on January 1, 2021

Given the tumultuous nature of 2020, Mass Paid Family and Medical Leave (PFML) may have not surprisingly flown under the radar for many employers. However, starting on January 1st, most of PFML goes into effect. RIW’s prior client alerts summarize the PFML as well as employer’s obligations. Further information published by the Department of Family…

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POSTED IN: Employment Law, News

Client Alert: Congress Appropriations Bill Expands Paycheck Protection Program

Following weeks of negotiation, Congress passed the 5,593 page Consolidated Appropriations Act, 2021 (the “Act”) in the late hours December 21, 2020, that, in part, allocates approximately $900 billion towards emergency coronavirus relief and effectively extends and expands the Paycheck Protection Program (the “PPP”) and existing unemployment assistance programs.  A copy of the Act can…

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

COVID-19 Vaccinations in the Employment Setting

Over the last week, the United States saw a heartening advancement in the COVID-19 situation: the distribution and administration of a vaccine.  This exciting development suggests a return to “normal” may, in fact, be on the horizon.  At the same time, many questions remain concerning the COVID-19 vaccination in the employment context.  Can an employer…

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POSTED IN: COVID-19, Employment Law, News

Client Alert: Ruberto, Israel & Weiner Construction Law Group Wins $5 million Judgment for its Client Under Massachusetts Prompt Payment Law

RIW Construction Law attorneys Bradley Croft, Kirk McCormick and Roger Smerage secured summary judgment for RIW’s client under a seldom-used law known as the Massachusetts Prompt Payment Act. In a case of first impression in Massachusetts, the superior court granted summary judgment in favor of RIW’s client, a general contractor, in a dispute arising over…

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POSTED IN: Articles & Quotes, Commercial Real Estate, Construction Law, Litigation, News

Client Alert: Ruberto, Israel & Weiner Client Braintree Street Realty LLC Files PNF for Review of 401,000 sq ft. mixed-use Allston Project

RIW is proud to have been part of the team that helped move such a significant community project to this important stage. Lead attorneys for RIW, Michael Rosen and Russell Stein, view this project as an important step forward in the continuing successful development of the Boston Landing neighborhood. Read the full story here. Michael…

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POSTED IN: Articles & Quotes, Commercial Real Estate, Corporate & Business, News