News Archive 2020 BK
William Walzer Speaks to Bankrate about Purchasing a Home
July 6, 2020 – Partner William Walzer of DHC’s Real Estate practice group spoke to Bankrate about the advantages and disadvantages of purchasing a home without a real estate agent. Walzer explained that homeowners who don’t use an agent typically save about 3% of the selling price. But agents are a very useful resource in recommending the listing price, in negotiating the terms of a deal, and in preparing the mortgage application and gathering other
SBA and Treasury Release PPP Data
July 6, 2020 – Today, the U.S. Small Business Administration, in consultation with the Treasury Department, released data regarding the loans made under the Paycheck Protection Program (PPP). This disclosure covers each of the 4.9 million PPP loans that have been made. “The PPP is providing much-needed relief to millions
NYC Council Vote to Approve $88.19 Billion Budget and Reallocate NYPD Resources
July 1, 2020 – At last night’s Stated Meeting of the New York City Council, which ran into the early hours of this morning, Council Members voted to pass an $88.19 billion budget for FY 2021 — 32 in the affirmative, and 17 in the negative. The COVID-19 health crisis and
DHC Newsletter – June 2020
Landlords and Tenants Negotiating and Making Deals DHC’s Co-Managing Partner Larry Hutcher and Commercial Litigation Partner William Mack are representing L Brands, Inc. — the parent company to Victoria’s Secret and Bath & Body Works — in two litigation matters filed in the New York State Supreme Court. DHC has filed complaints seeking to
Phase II Outdoor Dining Compliance & Enforcement Issues; Delay of NYC Entering Phase III
June 29, 2020 – Governor Cuomo’s announcement this morning that there are complications with New York City’s entering Phase III (which is currently anticipated to be on July 6) as a result of individuals and businesses not complying with social distancing requirements forebodes a delay in New York City’s entering
Mack on the “Frustration of Purpose“ Doctrine
DHC’s Mack on the “Frustration of Purpose“ Doctrine June 24, 2020 – DHC’s Partner William Mack, an experienced commercial litigation attorney, discussed the “frustration of purpose” doctrine in contract law with the Commercial Observer. Mack noted that the common law allows parties to contract to seek to modify or void
