Check out the full The Industry Publication: April 2021 Edition
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…
POSTED IN: COVID-19, Hospitality Practice Group, News
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…
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…
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…
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,…
POSTED IN: News
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…
POSTED IN: Corporate Restructuring & Distressed Assets, 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…
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…
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…
POSTED IN: Commercial Real Estate, Construction Law, News