Contracts News. Crime Stories, Law on News and Legal Publications in February, 2017

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Ramada Hotel In Casper Files For Bankruptcy; Parkway Plaza Owner Now Operates It
K2 RadioFebruary 1, 2017

The hotel didn't respond, so Sullins granted AVANA's request. On Jan. 25, Western States, Inc., filed for Chapter 11 Bankruptcy protection. Chapter 11 is the section of the U.S. Bankruptcy Code that allows businesses to reorganize under court ...more »

PFAW's Feeble Attacks on Gorsuch
National ReviewFebruary 1, 2017

As he points out, the administrative-law judge in the matter “dismissed the citation against [the employer] for exactly this reason.” The second opinion that Mincberg objects to (in Weeks v. Kansas) was a short unanimous opinion that ... What Gorsuch ...more »

Contracts News and Stories

Commercial Contracts
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Commercial Law - Promissory Notes
Mondaq News Alerts (registration)February 1, 2017

A promissory note is an unconditional promise made in writing by one person to another signed by the maker, engaging to pay on demand or at a fixed or determinable future time, a sum certain in money, to, or to the order of, a specified person or to ...more »

Franchise Contracts
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Arbitration Should Not Be That Bad—From the Franchisee's Perspective
New York Law Journal (registration)February 27, 2017

Arbitration clauses, if carried to extremes, can become a mini-set of rules of civil procedure.1 Most, however, do not go so far, but they do move the balance toward the franchisor by specifying favorable choice of law provisions, limitation on damages ...more »

Contract Disputes
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Statutory adjudication of construction contracts in the UK
Lexology (registration)February 22, 2017

In practice an adjudication award is very often the final resolution of a dispute. Adjudication became a legal right in relation to construction contracts in the UK when legislation known as the Construction Act1 came into force in 1996. The right was ...more »

Government Contracts
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Government Contracts Legislative and Regulatory Update - February 2017
Lexology (registration)February 13, 2017

Temporarily postpone the effective date of regulations that have been published in the OFR, but have not yet taken effect, for 60 days from January 20, 2017, as permitted by applicable law, for the purpose of reviewing questions of fact, law and policy ...more »

Lending Agreements
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NEW BUSINESS OPPORTUNITY - Italian Lending Market Opens to EU Alternative Investment Funds
JD Supra (press release)February 7, 2017

In addition, loan agreements executed in Italy by EU Credit AIFs with a maturity in excess of 18 months are eligible for the optional 0.25% substitute tax regime under Article 15 of the Decree 601/73. If this regime is opted for, the loan itself and ...more »

Contract Drafting, Review & Negotiation
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Pitfalls of drafting limitation clauses
Lexology (registration)February 10, 2017

This interesting case is a reminder of some of the pitfalls that can arise when drafting limitation clauses in a contract and highlights the need for such clauses to be clear and unambiguous. The TCC was asked by McGee Group Ltd (Sub-contractor) to ...more »

Secured Transactions
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Halcón Resources Announces Results of Tender Offer for its 8.625% Senior Secured Notes Due 2020
Yahoo FinanceFebruary 16, 2017

Subject to the conditions specified in the offer to purchase, including the closing of the Company's previously announced debt financing transaction, the Company expects to accept all such 2020 Notes validly tendered and not validly withdrawn in the ...more »

Employment Contracts
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Poublon v. CH Robinson Company
The RecorderFebruary 3, 2017

Under California law, "[t]he adhesive nature of the employment contract requires us to be 'particularly attuned' to [a former employee's] claim of unconscionability." Baltazar, 62 Cal. 4th at 1245. Nevertheless, the adhesive nature of a contract ...more »


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