Articles related to current law news and updates.
On February 19, 2020, Congress enacted the Small Business Reorganization Act of 2019 (“SBRA”), also known as a Sub-Chapter 5 Bankruptcy, to help small businesses through the bankruptcy restructuring process. The intent of the Sub-Chapter 5 Bankruptcy is to provide small businesses with a faster and less expensive option for reorganizing under Chapter 11. For many …
Chapter 11 Plan of Reorganization A Bankruptcy Chapter 11 Plan of Reorganization must meet certain standards before it can be approved by the court. Some of the required elements that must be included in a Chapter 11 plan of reorganization are: A clear designation of the classes of creditors’ claims that will be affected by the plan (a …
Corporate Transparency Act Seismic Shift The Corporate Transparency Act of 2019 (CTA) introduced in May 2019 was attached to the National Defense Authorization Act for Fiscal Year 2021 (NDAA) which passed the Senate on Friday, December 11, 2020 and has been sent to the President. The NDAA passed the Senate 84-13 and was approved by the …
Corporate Transparency Act Signals Seismic Shift for US Business Owners Read More »
Guidance for New York private placements and offerings being sold has been updated by the state Attorney General at the start of 2021 for all securities issuers
Managing Tenant Notices and Estoppel Letters Estoppel Letters and Tenant Notices are two tedious commercial real estate tasks that can take many costly hours to complete. Mismanagement can also delay commercial real estate transactions. These tasks require careful planning and coordination including the drafting, delivering, and tracking of such letters and notices. The Agile Legal …
Successful Implementation of Legal Process Outsourcing The legal industry continues to see year over year increases with the number of companies leveraging Legal Process Outsourcing (LPO), or Alternative Legal Services (ALS) providers. Among them the “fractional” staffing model termed to define very senior, skilled, and tenured team members, however they are not employees. Typically, the …
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Legal Process Outsourcing for CRE Whether your transaction requires the review of an existing portfolio of contracts, leases, intellectual property, or other documents, auditing and abstracting these documents is critical to understanding and managing risks, liabilities, and deal value. If your company has limited resources to conduct a thorough review of deal documents, Agile Legal’s …
LPO’s Strategic Utilization of CRE Commercial Real Estate deals have many critical parts moving all at once leading up to the close, which transitions to the routine maintenance of the deal structure. Have you considered how and where Legal Process Outsourcing (LPO), or an Alternative Legal Service (ALS) providers can provide capacity, efficiency, or spend …
