By Andrew R. Schwartz | Published April 16, 2020 | Posted in Business Law, COVID-19 | Comments Off on How Will Coronavirus Affect Contractual Relationships and Obligations?
The coronavirus pandemic has disrupted practically every aspect of American life. Whether closed by government order or public safety concerns, millions of businesses around the country have come to a screeching halt.
Read MoreTom Kanyock discussed direct vs. derivative standing issues in Illinois and Delaware during a presentation for the Chicago Bar Association’s Business Divorce and Complex Ownership Committee.
Read MoreLawsuits against sponsors of retirement plans have been fairly common over the past decade. Typically, these claims involved relatively obvious violations, like excessive costs, negligent oversight and other types of blatant mismanagement.
Read MoreA tentative settlement involving Purdue Pharma, the maker of Oxycontin, received great fanfare in the media, with the company claiming that it will pay at least $10 billion “to address the opioid crisis.”
Read MoreFor the third time since enactment of the Illinois pension intercept law, a municipal employee pension board seeks to have city monies redirected to replenish long-neglected funds.
Read MoreWhether you’ve won a legal case, performed professional services or leased commercial property to a tenant, collecting the payment often proves to be the toughest part of the task.
Read MoreA major construction company with Illinois roots has demonstrated that serious “business oppression” conflicts can happen even in family-run businesses.
Read MoreFor years, local governments in Illinois have had trouble balancing their budgets. Several struggling local governments have either failed to make public pension fund contributions, or paid far less than what they owe.
Read MoreConfession-of-judgment clauses let creditors circumvent the normal judicial process and obtain a judgment. Promissory notes, guaranties and other contracts may include them.
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