Category: News Archive

NY Property Case Presents Sea Change For Oral Contracts

IACC member Massimo D’Angelo shares an update about a recent New York State Appellate Court decision which carves out a new exception to the Statute of Frauds, holding that a court may utilize its inherent equitable powers to compel specific performance of an oral contract for the sale of real property where there is partial… Read more »

Alitalia will operate in August over 1,600 weekly flights

Alitalia will increase number of flights in August, when the Airline will operate a total of over 1,600 flights per week, 24% more than in July and more than double compared to those operated in June. Alitalia aircraft will fly on 75 routes (24 more than July) and 52 airports (16 more than in the… Read more »

June 2020 U.S. May Impose Additional Tariffs on EU Products

An International Trade Alert from IACC Member Greenberg Traurig On June 26, 2020, the Office of the U.S. Trade Representative announced that it is considering modifying the list of European Union products subject to additional tariffs upon importation into the United States and increasing the tariff rate up to 100 percent. The USTR is accepting… Read more »

SBA’s Economic Injury Disaster Loans and Advance Program Reopened to All Eligible Small Businesses and Non-Profits Impacted by COVID-19 Pandemic

To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today.  “The SBA is strongly committed to working around the clock, providing dedicated emergency assistance to the small businesses… Read more »