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During the 2022 legislative session, the Virginia General Assembly passed Senate Bill 550 (“SB 550”), which Virginia Governor Youngkin signed into law. SB 550 amends a portion of the Virginia Prompt Payment Act and a component of the Virginia wage theft statute, prohibiting “pay-if-paid” clauses in...

A Delaware trial court, applying New Jersey and Delaware law, recently ruled that a general contractor, despite not being a party to either a loan agreement or loan commitment, could successfully recover damages from a construction lender. See BCD Assocs., LLC v. Crown Bank, No. CV N15C-11-062 EMD...

Saul Ewing's Environmental, Social, and Governance Practice and the Home Builders Association of Greater Chicago conducted a panel discussion of industry experts providing an overview of SEC Proposed Rule S7-10-22 regarding climate risk. In addition to a general overview, presenters discussed...