USA
Bradley attorney Mike Gordon was quoted in Thomson Reuters Regulatory Intelligence on the risks U.S. banks are facing amid the government’s COVID-19 stimulus plans. The money that has been handed out to businesses through the government’s emergency relief programs will soon be subject to congressional oversight committees looking for evidence of fraud and whether the money went to the businesses most in need
USA
Bradley attorney Bruce Ely was quoted in Bloomberg Tax on the tax hurdles that states and taxpayers may face regarding the small business relief loans. Debt forgiveness usually counts as a taxable benefit, but Congress made loans from the Paycheck Protection Program forgivable as long as certain conditions are met and said the federal government would not tax the discharged debt
USA
Buchalter litigators Gary Wolensky, Steven Di Saia, Paul Alarcon, and Bree Oswald obtained a favorable summary judgment ruling on behalf of Solar Turbines, Inc., a subsidiary of Caterpillar Inc., in an arbitration, arising from a turbine explosion at a landfill power generation facility in Michigan
England
A multi-disciplinary team led by the Manchester office of national law firm Shoosmiths has advised investment vehicle Wraith on the acquisition of streetwear brand Bench from US investor Gordon Brothers. Manchester-based Wraith is an affiliate of Apparel Brands, one of Bench’s primary European licensees. It has acquired the label for all territories outside of the Americas for an undisclosed sum. The deal returns the Bench brand to Manchester, the city in which it was established in 1989
Germany
A team led by Prof. Dr. Georg Streit, Partner at Heuking Kühn Lüer Wojtek, advised LFD Holding GmbH on the sale of all shares to Terra Grundwerte AG. Terra Grundwerte also acquires a loan portfolio of the five largest banks financing LFD group. The sale occurred after completion of a restructuring phase of several years by restructuring trustees in the interest of the financing creditors
USA
Bradley attorney Whitt Steineker was quoted in Politico Pro on the uncertainty that indirect marijuana companies are facing as they seek federal coronavirus assistance. Several companies such as accounting firms, electrical contractors and gardening supply shops do business with marijuana companies; however, since marijuana is still illegal at the federal level, it’s unclear if these businesses can access federal assistance during the coronavirus pandemic
USA
Bradley is pleased to announce that 13 attorneys in the firm’s Washington, D.C., office have been named Washington, D.C., Super Lawyers or Rising Stars for 2020.
“We congratulate our D.C. attorneys on their client successes and accomplishments that have once again resulted in Super Lawyers recognition,” said Bradley Chairman of the Board and Managing Partner Jonathan M. Skeeters
Germany
A team led by Christoph Prochnau, Salaried Partner at Heuking Kühn Lüer Wojtek’s Hamburg office, legally advised GET.ON Institut für Online Gesundheitstrainings GmbH comprehensively on its first funding round (Seed I). Founded as a university spin-off by a team of graduate psychologists in Hamburg in 2015, GET.ON has so far grown from own funds. Upon conclusion of the funding round, GET.ON will operate under the “HelloBetter” brand name
Germany
A team led by Dr. Thorsten Kuthe advised Nexway AG on the placement of a bond with a volume of 8 million euro and an interest rate of 10 per cent as part of a private placement with institutional investors. The new secured Nexway bond has a term of 15 months and quarterly interest payments. The eCommerce provider intends to use the proceeds of the issue for corporate purposes. This includes the financing of capital expenditures specifically related to the Academics business unit
India
Kochhar & Co. successfully represented Wells Fargo Bank, N.A. before the Bombay High Court which denied an ad interim direction sought by Standard Retail Pvt. Ltd. and other steel importers for restraining the banks involved from negotiating / encashing Letters of Credit (“LCs”). The team of Kochhar & Co. was led by Senior Partner, Krishna Vijay Singh and Partner, Manish Dembla, Kochhar & Co. Gurgaon
Estonia
COBALT advises Lauma Fabrics, one of the leading textile manufacturers in the Baltics and Europe, in connection with deliveries of COVID19 personal protective equipment (PPE) to Estonia and Latvia. Our work includes reviewing supply and aircraft lease agreements, drafting sales agreements and financing agreements, negotiating and other documentation. From COBALT the legal team is led by senior associate Madis Reppo and partner Martin Simovart
D.C., USA
Dykema, a leading national law firm, announced today that six attorneys from the firm’s Washington, D.C., office, and from multiple practice areas, were named to the 2020 Super Lawyers and Rising Stars lists by Washington D.C. Super Lawyers Magazine. The Super Lawyers designation, conferred upon the most respected legal practitioners in the state, is based upon peer recognition and professional achievement
Estonia
COBALT advised a Finnish metal products wholesale company Steel Import Finland Oy on acquiring an Estonian reinforcement steel products manufacturer Osaühing FinEst Metallid. Osaühing FinEst Metallid, founded in 2005, is specialised in the processing of reinforcing steel and manufacturing of reinforcement steel products. Reinforcement elements form a significant part of their production, which reach the customers in a finished state, ready to be put into the mould
Russia
On April 15, Legal 500, one of the most influential international legal ratings, published the results of its regular analysis. In total, ALRUD Law Firm is recommended for 17 researched areas of law in Russia, and in 13 of those areas the firm has been ranked in Tier 1 and Tier 2. This year ALRUD Law firm has broadened its position in Legal 500 EMEA
USA
By Adam Gower
Receiverships, Restructures and Turnarounds: What You Need to Know During the Coronavirus Crisis
"The Coronavirus crisis has created uncertainty in the commercial real estate industry. Transactions have ground to a halt. An estimated 30% of tenants failed to pay rent on April 1st, a situation that is expected to become exacerbated come May 1st. As the number of distressed situations continues to rise, there’s growing talk of receiverships, restructures and turnarounds
USA
Bradley attorney James Bailey was quoted in Bloomberg Law on temporary changes to the Small Business Reorganization Act (SBRA) that could save some companies that have been hit with uncertainties created by COVID-19. The SBRA was passed to speed up the process of reorganizing an insolvent company with less than $2.7 million in debt. However, the coronavirus relief package enacted in March raised the debt limit to $7.5 million to help small businesses survive the pandemic
Germany
A team led by Klaus Weinand-Härer, Partner at Heuking Kühn Lüer Wojtek, advised A3 Nordbayern consortium consisting of Eiffage S.A. and JOHANN BUNTE Bauunternehmung GmbH & Co. KG on issues relating to tax law in the procurement procedure for the A3 highway project. Jointly with JOHANN BUNTE, Eiffage has entered into a 30-year public-private partnership for extension, operation, and maintenance of the 76 km-long highway section between Biebelried and Fürth/Erlangen
England
UK law firm Shoosmiths has expanded its wealth protection team with the appointment of Stephen Patch to progress its long-term growth strategy. Stephen was the former head of the private client team at Woodfines as well as previously heading up the tax, trusts & estates Cambridge team at international law firm, Taylor Vinters. The Legal 500 notes that Stephen is known for providing advice within private client practice as a lawyer who is ‘very approachable and amenable’
Germany
With a team led by Dr. Oliver Böttcher and Kristina Schneider from its Cologne office, Heuking Kühn Lüer Wojtek advised the shareholders of Emma – The Sleep Company (Bettzeit GmbH) in a transaction with Haniel. The two founders, Manuel Müller and Dr. Dennis Schmoltzi, will each retain a 24.95% stake in the company and as active Co-CEOs will continue to drive forward Emma’s international expansion and the gaining of further market shares jointly with Haniel
USA
Bradley is pleased to announce that the firm has awarded its 2020 Diversity Scholarships to law students Jessie Manzewitsch Pulero from the University of Houston Law Center and Bria Smith from Vanderbilt University Law School
USA
COVID-19's public health crisis could also be a financial disaster for hospitals
April 8, 2020
By: Shannon Muchmore
"Smaller community hospitals are going to have a harder time than the larger hospitals just because of economies of scale," Damaris Medina, co-chair of the life sciences practice at law firm Buchalter, told Healthcare Dive.
They also have more service lines that, at least before the outbreak, bring in revenue.
Geographic diversity could also be helpful as more hot spots emerge
Michigan, USA
Dykema, a leading national law firm, today announced that the firm was included on the shortlist of nominees for Advisen’s Cyber Law Firm of the Year Award. The Cyber Law Firm of the Year Award recognizes a law firm that has been unparalleled in its work within the cyber insurance space in 2019
USA
Thirty-nine Bradley attorneys were named to B-Metro’s “Top Lawyers 2020,” which recognizes Birmingham’s leading lawyers. Following are the Bradley attorneys who were named Top Lawyers for 2020:
Jim Archibald
Nancy Ball
Jay Bender
Julia Bernstein
Dylan Black
Paul Bolus
Lindsey Boney
Mike Brown
Kane Burnette
Beau Byrd
Jennifer Hoover Clark
Buddy Cox
Alan Deer
Tiffany J
USA
Bradley attorney Tom Trent was featured in a Q&A with the Nashville Business Journal about selling the Nashville region through recruiting efforts and the use of incentives during the COVID-19 pandemic