Cadwalader Wickersham & Taft LLP updates
CFIUS basics for real estate lenders
Cadwalader Wickersham & Taft LLP- Real Estate
- USA
- 06 November 2020
The scope of transactions that may now come under Committee for Foreign Investment in the United States (CFIUS) review is much broader, including transactions in the commercial real estate space. Lenders which operate in this market should familiarise themselves with CFIUS, its authorities and its considerations, especially as foreign investment begins to pick back up along with the overall economy.
COVID-19 update: executive order extending moratorium on commercial evictions until 1 January 2021
Cadwalader Wickersham & Taft LLP- Real Estate
- USA
- 30 October 2020
New York Governor Andrew Cuomo recently signed a new executive order extending the state-wide moratorium on commercial evictions. The moratorium prohibits the enforcement of any eviction of any commercial tenant, or a foreclosure of any commercial mortgage, for non-payment of rent if the property is owned or rented by any individual who is eligible for unemployment insurance or benefits under state or federal law or otherwise facing financial hardship due to the COVID-19 pandemic.
COVID-19 update: CDC order temporarily halts residential evictions nationwide until 31 December 2020
Cadwalader Wickersham & Taft LLP- Real Estate
- USA
- 25 September 2020
In response to the COVID-19 pandemic, the federal government, as well as many states, has enacted eviction and foreclosure moratoriums in an effort to keep homeowners and renters in their homes and slow the spread of COVID-19. Citing concerns with the continued spread of COVID-19, the Centre for Disease Control and Prevention recently issued a new order temporarily halting residential evictions nationwide until 31 December 2020 (unless extended).
