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A Force Majeure Decision during the COVID-19 Pandemic

Green Building Law Update

In a motion in a Bankruptcy case the landlord demanded payment of post petition rent from the Hitz Restaurant Group or that the Chicago restaurant vacate the premises immediately. The Bankruptcy judge, the Honorable Donald R. Bankruptcy Court, Northern District of Illinois, Eastern Division, June 3, 2020.

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Elgin Tower: Elgin's heart beats again

BD+C

Completed in May 1929 as the headquarters for Home National Bank and Home National Savings and Trust, the 15-story Elgin Tower has had a tumultuous history. The Crash of ’29 forced the savings institution to declare bankruptcy.

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Odebrecht and Financier Settle on Project Bribes

ENR Construction

Brazil contractor, in bankruptcy, will donate $50M to poor communities but faces limited bid debarment in Inter-American Development Bank pact.

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Odebrecht and Financier Settle on Project Bribes

ENR Construction

Brazil contractor, in bankruptcy, will donate $50M to poor communities but faces limited bif debarment in Inter-American Development Bank pact.

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How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

The remodel contractor uses a form of "Cost Plus" or "Not To Exceed" to provide the homeowner with scope of work and a contract price the bank needs in order to finance the construction. Then it will take a while for the bank inspector to review the project and approve the draw. The Solution.

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Architect's Consent to Assigment

Construction Lawyer

Today’s financial institutions are very concerned about potential defaults by their borrowers during the design and construction phases of projects for which the bank is providing financing. It is not unreasonable for the bank to be concerned. It is not unreasonable for the bank to be concerned.

Banking 45
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How to Stop Further Deterioration of Distressed Commercial Assets

HardHatChat

Whether you’re a bank with distressed commercial real estate assets on your balance sheet, or you’re a real estate investor/developer who purchased a foreclosed commercial property, creating a viable workout plan can be an uphill battle. I’m not going to sugar coat it.