The impact of the California Department of Financial Protection and Innovation taking possession of Silicon Valley Bank (SVB) and appointing the Federal Deposit Insurance Corporation as receiver for SVB is receiving thorough...more
3/14/2023
/ Banking Sector ,
Banks ,
Commercial Leases ,
Commercial Real Estate Contracts ,
Commercial Tenants ,
FDIC ,
Landlords ,
Letter of Credit ,
Receivership ,
Security Deposits ,
Silicon Valley
In its December 5, 2022 slip opinion for Cummings Properties, LLC v. Darryl C. Hines, No. 21-P-1153, the Massachusetts Appeals Court held that a provision of a commercial lease that accelerated all remaining rent as...more