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Many intercreditor agreements include the agreement of the first lien lender to sell the first lien debt to the second lien lender under certain circumstances. This is extremely common in straight first lien/second lien intercreditor agreements, whether... Read More
With class and collective action filings at record levels, and expected to increase again in 2016 , it is essential that employers stay informed about the best practices for handling these lawsuits. This article provides an overview and guidance on the... Read More
By Summer Conley, Drinker Biddle & Reath LLP and Lexis Practice Advisor Attorney Team Upon a distress or involuntary termination of a single-employer ERISA Title IV defined benefit plan, the plan sponsor (or a member of the plan sponsor’s... Read More
Check out the following November webinars for Lexis for Microsoft Office, Lexis Securities Mosaic and due diligence. Critical Intelligence for your Due Diligence Date & Time: Thursday, November 3, 2016 1:30 p.m. (EST) ... Read More
Wellness programs are an increasingly common employee benefit, especially among large employers. Although these programs take a variety of forms, they are all in some way intended to promote the health and well-being of participants. Ideally, the result... Read More
In 2016, the federal government enacted the Defend Trade Secrets Act (DTSA), which amends the Economic Espionage Act of 1996. See 18 U.S.C. § 1831 et seq. As discussed below, the DTSA provides employers a new weapon in their litigation arsenals for... Read More
Multi-state employers must comply with a bewildering mosaic of laws for all of the different jurisdictions in which they have employees. States and localities may have legislative schemes that impose EEO and wage and hour protections parallel to those... Read More
Purpose of Escrow In a commercial real estate transaction, the parties often utilize the concept of escrow and a third-party escrow agent to facilitate the closing of the transaction. The job of the escrow agent is to ensure that all parties have performed... Read More
Preliminary Considerations in the Secured Lending Context Virtually every investor in commercial real estate will from time to time enter into a lending relationship as part of a real estate transaction. A loan is generally for the purpose of financing... Read More
Today is Halloween. Truth be told, Halloween is one of my least favorite holidays. It always has been and always will be. I never liked it, even as a kid. Sure, all the candy was fun, but I just never got into the whole dress-up thing. As an adult, I... Read More
Purpose of Due Diligence and the Role of the Practitioner Performing due diligence is an important part of the purchasing process, and is certainly something that each buyer of commercial real estate should undertake prior to closing. Due diligence... Read More
In certain instances, a party may want to acquire commercial property via purchase and utilize the same either for its own purposes, or perhaps to lease to others. While such transactions are common, they are certainly more complex than the purchase of... Read More
An Attorney’s Role An attorney’s role in a commercial lease transaction is dependent upon several factors including the parties, the size, the location and the intended use of the Leased Premises (e.g., office or retail) and the letter... Read More
This article is part of the bi-weekly Corporate Counsel Report Newsletter, republished here courtesy of the Lexis Securities Mosaic editorial team. According to a recent PwC report that surveyed 884 corporate directors on several different issues,... Read More
it’s too long poorly organized unclear filled with jargon it’s imprecise And you want them to keep reading? Get straight to the point. Read More
Check out the following October webinars for Lexis Advance, Lexis Practice Advisor and Lexis Securities Mosaic. Corporate & Commercial Law Insights with Lexis Practice Advisor Date & Time: Thursday, October 13th at... Read More
his article is part of the bi-weekly Corporate Counsel Report Newsletter, republished here courtesy of the Lexis Securities Mosaic editorial team. Between 2007 and 2012, oil services company Weatherford International allegedly issued false financial... Read More