Holland & Knight invites you to read our China Practice Newsletter, in which our authors discuss pertinent Sino-American topics -
HIGHLIGHTS:
Preference Claims
Clawbacks in Bankruptcy Can Disrupt a Construction...more
11/1/2021
/ Audits ,
Bankruptcy Code ,
Bankruptcy Preferences ,
Caremark claim ,
China ,
Clawbacks ,
Commercial Bankruptcy ,
Construction Project ,
Corporate Governance ,
Defense Strategies ,
Diversity ,
Diversity and Inclusion Standards (D&I) ,
IRS ,
Multinationals ,
Nasdaq ,
Offshore Funds ,
Securities and Exchange Commission (SEC)
Because of the injunction that begins as soon as a debtor files for Chapters 7, 11 or 13 bankruptcy – called the automatic stay – creditors and collection agencies are prevented from seeking payment from the debtor....more
10/27/2021
/ Automatic Stay ,
Bankruptcy Code ,
Bankruptcy Preferences ,
Chapter 11 ,
Chapter 13 ,
Chapter 7 ,
Construction Contracts ,
Construction Industry ,
Construction Project ,
Creditors ,
Defense Strategies ,
Mechanics Lien ,
Secured Debt
Illinois Gov. JB Pritzker has signed Senate Bill 72 (Prejudgment Interest Act) into law, which provides for prejudgment interest on all damages rendered in personal injury and wrongful death claims at the rate of 6 percent...more
The Illinois Legislature passed House Bill 3360 on Jan. 13, 2021, to amend the state's judgment interest statute and add prejudgment interest on all personal injury and wrongful death claims decided in favor of the plaintiff....more
Construction industry members — including owners, developers, contractors, subcontractors and supply chain vendors — have experienced varying degrees of impacts as a result of the COVID-19 pandemic. The nature of the impacts...more
• Catastrophic storms such as Hurricane Harvey and Hurricane Irma invariably cause property damage, schedule delays and other "soft costs" when they hit during a project's construction.
• Owners and contractors engaged in...more
The Illinois First District Appellate Court recently addressed the longstanding principle in A.A. Conte Inc. v. Campbell-Lowrie-Lautermilch Corp., 132 Ill. App. 3d 325 (1st Dist. 1985), of barring payments by general...more