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Category: Finance

The City of Philadelphia Issues 180-Day Moratorium on Restaurant Evictions

On December 17, 2020 by Schnader in Finance

Brittany C. Wakim and Jonathan W. Hugg published a client alert, “The City of Philadelphia Issues 180-Day Moratorium on Restaurant Evictions.” In early December, Philadelphia City Council unanimously approved Bill No. 200574-A, entitled “Protecting Philadelphia’s Restaurants During the COVID-19 Pandemic.” The new Ordinance imposes a 180-day moratorium on the eviction […]

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New Pennsylvania Superior Court Decision May Help Lenders Expedite Loan Recovery, But Also Frustrate Borrowers

On June 24, 2020 by Schnader in Finance

Jonathan W. Hugg published a client alert, “New Pennsylvania Superior Court Decision May Help Lenders Expedite Loan Recovery, But Also Frustrate Borrowers.” Commercial lenders and creditors in Pennsylvania may benefit from the Pennsylvania Superior Court’s June 17, 2020 decision in SDO Fund v. Donahue. The Court ruled that a commercial […]

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Schnader Wins Notable Victory in Cy Pres Litigation

On April 25, 2019 by Schnader in Finance

On April 16, 2019, the Philadelphia Orphans’ Court awarded $1.2 million in cy pres funds to the Philadelphia Chinatown Development Corporation (PCDC). Schnader represented PCDC in this matter, which involved the distribution of funds remaining from the dissolution of the former Chinatown Building and Education Foundation (CBEF). CBEF’s main asset […]

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Third Circuit: A business whose reason for existence is obtaining payment on debts is a debt collector under the FDCPA

On March 13, 2019 by Schnader in Finance

Stephen J. Shapiro published a client alert, “Third Circuit: A business whose reason for existence is obtaining payment on debts is a debt collector under the FDCPA.” The alert concludes that debt buyers would be well-advised to assume that they will be subject to the provisions of the FDCPA, at […]

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