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
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, ...
Continue ReadingLegal Trailblazers in Honor of Black History Month
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...
Continue ReadingUnderstanding Virginia’s “Source of Funds” Protections
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...
Continue ReadingFederal Appeals Court Shoots Down Loan Guarantor’s Claims of Fraud and Duress
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...
Continue ReadingVirginia Marijuana Laws Go Up in Smoke
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...
Continue ReadingNew Virginia Laws Of Which Creditors Should Be Aware
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...
Continue ReadingVirginia Overtime and Disability Discrimination Rules Take Effect July 1, 2021
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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