Omens of the Apocalypse for the franchise industry are everywhere:
Starting on July 1, 2021. the NCAA permitted student-athletes throughout the country to profit from their name, image, and likeness (“NIL”). This decision marks a major shift from the NCAA’s longstanding amateurism model. Twenty-eight states have also enacted their own NIL laws, and sixteen of those—including Alabama, Florida, Georgia, Mississippi, New Mexico, Texas, Kentucky, Ohio,
With Ali Brodie
EB-5 Investments are a popular way of raising capital for franchise expansion. So it came as a bit of a shock last week the EB-5 Program was rocked by two major developments.
EB-5 Modernization Rule Struck Down (For Now)
On June 22, 2021, Magistrate Judge Jaqueline Scott Corley from the U.S. District
Please join Elizabeth Rose of Caiola & Rose LLC, Jason Binford of the Texas Office of the Attorney General, and me, John Gotaskie, on July 14th for a 90 minute CLE sponsored by the ABA Forum on Franchising discussing Franchise Agreements in Bankruptcy Cases and Business Restructurings.
Bankruptcy and other forms of business restructuring
Big News from the Office of Pennsylvania
Governor Wolf today! While there does not yet seem to be an Order, the Governor’s Office issued a press release today outlining significant changes to targeted COVID-19 business restrictions in Pennsylvania.
On April 4, 2021, the following changes will be implemented:
Contributed by Odia Kagan.
This blog has discussed the importance of ensuring and auditing your vendors’ data security practices. A recent enforcement action from the Federal Trade Commission (FTC) drives home the importance of being proactive about vendors and data security.
Specifically, the FTC recently entered into an enforcement action with an analytics company
Back at the beginning of the pandemic, there was a flurry of articles that maybe, just maybe, insurance would cover losses at businesses closed by the pandemic. I was skeptical. Now, as more cases roll in, it looks as if that skepticism was warranted. In fact, a recent case from my lonely neck of the
Warmest Wishes for Happy Holidays with your colleagues, friends and loved ones–remotely, of course! And, to all of those with an empty box on the Zoom or empty seat at the table this year, our deepest condolences. May 2021 be a year of recovery and rebirth in a thousand ways!
At 4 p.m. today, Pennsylvania Governor Tom Wolf (who himself has tested positive for COVID) and Secretary of Health Rachel Levine issued new, “limited-time”, targeted COVID mitigation orders. The orders hit the franchise industry hard. About the only silver-lining is that, unlike the indefinite restrictions imposed last spring, these new restrictions have a specific time