Cook County Enacts New Residential Landlord-Tenant Ordinance06 / 17 / 2021
By Taylor H Wachal On January 28, 2021, the Cook County Board commissioners approved a suburban residential landlord-tenant ordinance (the “Cook County Ordinance”). It will create regulations throughout the entire county, except for municipalities of Chicago, Mount Prospect, and Evanston,….
Single Purpose Entities in Commercial Real Estate Transactions05 / 20 / 2021
By Robert E. Harig The concept of a single purpose entity is often present in the purchase and financing of commercial real estate. A lender may require its borrower to be a single purpose entity in order to lessen the….
Withdrawal of the FLSA Independent Contractor Rule – Continuing Uncertainty05 / 14 / 2021
By: Karuna S Brunk On May 6, 2021, the U.S. Department of Labor (“DOL”) announced that, effective immediately, it would withdraw the Trump-era “Independent Contractor Rule” (the “Rule”). The Trump DOL had promulgated the Rule in an effort to instruct….