Lawful Thoughts®

Focused on Legal Issues Affecting Businesses
of All Shapes and Sizes

Recent Developments: (A) The “Material Adverse Change” Clause (Part II); and (B) Changes to the Small Business Bankruptcy Debt Limit

Posted on by Neil E. McCullagh in Corporate and Business, Creditors' Rights, Bankruptcy and Insolvency, Litigation

RECENT DEVELOPMENTS: (A) THE “MATERIAL ADVERSE CHANGE” CLAUSE (PART II); AND(B) CHANGES TO THE SMALL BUSINESS BANKRUPTCY DEBT LIMIT. Two years ago, as COVID began to take its toll on the economy, ...
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Legal Trailblazers in Honor of Black History Month

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To recognize Black History Month, Spotts Fain will be spotlighting a few of the many Black attorneys who had a significant impact on equal access to justice in the United States. We hope you will join...
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Understanding Virginia’s “Source of Funds” Protections

Posted on by W. Martin Williams in Corporate and Business

Last October, the Virginia Attorney General’s Office filed several lawsuits against various Virginia landlords and property management companies alleging discrimination against renters participating i...
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Federal Appeals Court Shoots Down Loan Guarantor’s Claims of Fraud and Duress

Posted on by Neil E. McCullagh

This month we review a recent federal appeals court decision with important lessons for lenders engaged in commercial loan workouts. A business owner tried to void his personal guaranty of two large b...
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Virginia Marijuana Laws Go Up in Smoke

Posted on by David F. Dabbs in Employment Law

Virginia employers still adjusting to numerous new laws that have taken effect in 2020 and 2021 also need to be aware of permissive changes in Virginia marijuana laws, which affect employment practice...
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New Virginia Laws Of Which Creditors Should Be Aware

Posted on by Neil E. McCullagh in Creditors' Rights, Bankruptcy and Insolvency

Earlier this year, we highlighted Virginia’s recent changes to the required notice for a foreclosure on owner-occupied residential real estate. That article can be found here. In this article, we high...
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Virginia Overtime and Disability Discrimination Rules Take Effect July 1, 2021

Posted on by David F. Dabbs in Employment Law

Effective for hours worked on or after July 1, 2021, Virginia employers will be required by state law to pay overtime to many employees. Overtime has previously been required in Virginia only by the f...
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