Posts
April 30 2021
Client Alert: NYC Restaurant Capacity To Expand To 75%
Governor Cuomo has just announced that effective May 7, 2021, indoor dining capacity for NYC restaurants will increase to 75%, catching NYC up to the rest of the state.
Click here to read the alert.
April 28 2021
Client Alert: Imminent Changes For NY Restaurants – And – Restaurant Revitalization Fund Grant Program Registration & Application To Finally Open
Today, Governor Cuomo announced some welcome changes for restaurants and bars, including bar seating to be allowed everywhere and curfews are being lifted.
Click here to read the alert.
April 27 2021
Demand for D&O insurance explodes with SPAC-related activity and future litigation concerns
Demand for directors’ and officers’ (D&O) liability insurance has exploded along with the proliferation in SPAC-related activity in the United States, giving insurers more business but bringing with it some concerns of an elevated, unsized level of litigation risk down the road.
www.reuters.com
April 27 2021
Complimentary Hospitality Webinar: “Where Do We Go From Here:’ 3.0”
As the hospitality industry continues to adjust and recover, there are many new trends and regulations that restaurants and other hospitality businesses must adapt to for continued recovery and future success. You asked and we listened! Please join a panel of experts from HUB International, Ellenoff Grossman & Schole LLP, the New York State Restaurant Association and Total Food Service magazine for our next must-attend, informative hospitality industry webinar.
Click here to register.
April 27 2021
Client Alert: U.S. Small Business Association Guidance On Restaurant Revitalization Fund
Last Friday, the New York State Restaurant Association hosted a webinar with representatives from the U.S. Small Business Association (SBA) about the Restaurant Revitalization Fund (RRF) program. The SBA’s slides, which can be found here, are a useful resource for businesses intending to apply for a RRF grant once the SBA makes applications available.
Click here to read the alert.
April 26 2021
The SPAC boom has ‘screeched to a halt.’ That may be good thing
One of the hottest corners of financial markets is getting slightly less manic. What’s happening: Billionaires, celebrities and athletes have raced to create special-purpose acquisition companies, or SPACs, over the past six months. These “blank check” firms, which raise money from investors and then go hunting for takeover targets, have been flagged as a sign of overexcitement on Wall Street.
www.cnn.com
April 26 2021
Company tied to football Hall of Fame embraced SPACs and NFT. A tale of two bubbles?
A company with ties to the Pro Football Hall of Fame in Canton, Ohio, benefited from not only one apparent investment bubble, but from two. Now the air is leaking fast.
www.cbsnews.com
April 25 2021
SPAC Insiders Can Make Millions Even When the Company They Take Public Struggles
Investors who bought into a special-purpose acquisition company that took a healthcare-services company public last year in an $11 billion deal have suffered steep losses. Promoters of the SPAC still stand to make millions.
www.wsj.com