Commercial

Expert Analysis

• How Gov't Enviro Justice Push May Affect Developers

  

  Attorneys at Crowell & Moring contextualize the U.S. Environmental Protection Agency's recent guidance on environmental justice and permitting decisions, and the U.S. Department of Energy's requests for input on using grants to achieve EJ goals, highlighting practical implications for project developers and other industry participants.

• The EPA's New Enviro Site Assessment Standard: Key Points

  

  While the U.S. Environmental Protection Agency's previous standard for Phase I environmental site assessments will remain valid for another year, the agency's recent final approval of the newer ASTM E1527-21 standard means that it now represents the best practice for conducting ESAs, says Sedina Banks at Greenberg Glusker.

• FinCEN Report Holds Key Russia-Linked Risk Considerations

  

  A recent report from the Financial Crimes Enforcement Network reminds financial institutions to review guidance issued on reporting Russia-linked suspicious activity, emphasizing the need to review anti-money laundering and sanctions monitoring processes to remain adaptive to global developments, say Siana Danch and Peter Hardy at Ballard Spahr.

• Recession Or Not, Elevated Restructuring Activity Is Coming

  

  2023 is set up to be a strong year for corporate distress and reorganization, recession withstanding, but it may not be the blowout year that some are expecting — depending on whether the Fed continues its inflation fight and whether sponsors can go all out to defend investments, says Michael Eisenband at FTI Consulting.

• Ruling Shows New Potential For Retroactive For-Cause Firings

  

  A New York federal court's recent decision in Kulick v. Gamma Real Estate shed light on the important question of whether an employer may retroactively terminate an employee for cause and opened the door for such terminations based on what is known as the after-acquired evidence doctrine, say Reid Skibell and Megan Reilly at Glenn Agre.

• Mapping The Transport Sector's Road To Zero Emissions

  

  Transportation companies that hope to lead the multiagency U.S. National Blueprint for Transportation Decarbonization's recently announced transition to zero-emission vehicles and fuels should anticipate a host of commercial and legal issues, say Levi McAllister and Pamela Wu at Morgan Lewis.

• A Look At Lease Expansion Options In A Challenging Market

  

  Expansion options can provide a powerful incentive for businesses to sign long-term leases even amid economic uncertainty, but both landlords and tenants must carefully consider the potential rights and terms, says Kris Ferranti at Shearman.

• 5 Keys To A Productive Mediation

  Excerpt from Practical Guidance

  

  Cortney Young at ADR Partners discusses factors that can help to foster success in mediation, including scheduling, preparation, managing client expectations and more.

• Preparing For An Era Of Regulated Artificial Intelligence

  

  In light of developing regulatory activity aimed at governing the use of artificial intelligence, companies should implement best practices that focus on the fundamental principles that are driving regulators' actions, say attorneys at Troutman Pepper.

• Bankruptcy Ruling May Mean Harsh Results For Beneficiaries

  

  Surety bond decisions that use subjective analyses to aid a sympathetic claimant, such as a Tennessee bankruptcy court’s recent decision in Pinnacle Constructors, create uncertainty that could ultimately lead to severe results for future beneficiaries, says Lisa Tancredi at Womble Bond.

• Minimizing Landlord Exposure To NY's Gray Cannabis Market

  

  As New York rolls out its legal adult-use cannabis regime, landlords renting to as-yet unlicensed cannabis establishments may face liability under two statutes — but a few commonsense steps can help protect them from this risk, say attorneys at Carter Ledyard.

• Prepetition Lease Termination Ruling Creates Uncertainty

  

  The Third Circuit’s recent ruling in Pazzo Pazzo, which held that prepetition option termination did not give rise to a transfer, feels somewhat unsatisfactory, as it does not analyze whether the termination of the lease constituted a transfer and follows similar cases that lack uniformity, say Shmuel Vasser and James Moser at Dechert.

• New US Waters Definition May Rock The Boat

  

  Federal agencies' latest attempt to define "waters of the United States" attempts to avoid previous rules' failings, though it will potentially increase administrative difficulties for regulated entities and also leaves ample ground for litigation, say Christopher Thomas and Andrea Driggs at Perkins Coie.