October 30, 2024

Section 365(I) – Landlords’ Underutilized Remedy

EDITOR’S NOTE: In this piece reprinted from the American Bankruptcy Institute’s September 2024 Real Estate Committee Newsletter, Timothy W. Brink examines one of the Bankruptcy Code’s most important, yet underutilized protections for landlords when their tenants file for chapter 11 bankruptcy protection. Section 365(l) of the Bankruptcy Code (“section 365(l)”), which entitles a landlord to…

August 8, 2024

Illinois Legislature Reels In Excessive BIPA Claims

On August 2, 2024, Governor J.B. Pritzker signed into law an amendment to the Biometric Information Privacy Act (BIPA). This amendment is intended to address concerns about potentially crippling damages that could be awarded under BIPA following a 2023 Illinois Supreme Court decision in a case brought by White Castle restaurant workers against the fast…

June 6, 2024

MPS Law Welcomes Isaiah A. Fishman as a Partner

Meltzer, Purtill & Stelle LLC welcomes Isaiah A. Fishman as a partner in its commercial litigation and restructuring groups. Isaiah brings a broad array of experience handling business disputes, particularly those involving commercial real estate, corporate disputes, bankruptcy, and employment issues where he serves as the “outside inside counsel” for several clients. Fishman’s arrival was…

May 21, 2024

MPS Partner, Jay Cherwin to Moderate Connect CRE conference:

On Tuesday, June 4, MPS is pleased to sponsor the Connect Midwest: Multifamily, Affordable, Student & Senior Housing conference from 1 p.m. to 6 p.m. at the W Chicago – City Center hotel, 172 W. Adams in Chicago. There are three panels covering timely topics and time to meet and converse with industry experts. At…

May 7, 2024

Important New Developments Regarding the Corporate Transparency Act

On January 1, 2024, the Corporate Transparency Act (CTA) became effective, thereby imposing significant new reporting requirements on more than 32,000,000 small businesses. The stated purpose of the CTA is to expose illegal activities, including the use of shell companies and other opaque ownership structures to launder money and evade taxes. To help uncover such…

March 20, 2024

Resources Available to Assist in Complying with the Corporate Transparency Act

The Corporate Transparency Act (CTA), which became effective on January 1, 2024, requires a “reporting company” to file Beneficial Ownership Information (BOI) reports with the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury. The BOI reports require the disclosure of information about the reporting entity itself and two categories of individuals:…

November 30, 2023

Q&A With Rich Payne – “The Resources We Have Here At MPS Are Outstanding.”

Rich Payne is a new partner at MPS. He joined the firm on July 1, 2023 from his previous firm, Robinson Payne LLC. Rich’s legal practice crosses a wide range of business law, however his expertise and passion lie in serving family businesses and privately held businesses. Q. How did your practice evolve to focus…

November 29, 2023

MPS Zoning Team Helps Clear Way for Mental Health Crisis Center Program Expansion

The Josselyn Center NFP in Northfield is a well-known and well-respected resource for individuals who are experiencing mental health challenges on Chicago’s North Shore. Mental health care for everyone is one of the Center’s core objectives. The Center is a not-for-profit corporation that offers counseling and community-based mental health care, as well as what the…

November 9, 2023

CTA Imposes New Small Business Reporting Requirements for 2024

Small business owners will have one more item on their compliance to-do list when the Corporate Transparency Act (CTA) takes effect next year on January 1, 2024. The CTA1, enacted as part of the Anti-Money Laundering Act of 2020 (AMLA), places new reporting requirements on many business entities in an effort to expose illegal activities,…

August 28, 2023

Q&A: Meeting Russel G. “Russ” Robinson

Russ Robinson, joined MPS Law as a partner on July 1, along with his Robinson Payne LLC colleagues Rich Payne and longstanding paralegals Wendy Widmayer and Melissa Wolf. Robinson’s law practice focuses primarily on estate planning, estate and trust administration, charitable distributions, and counsel for high-net-worth individuals and families. He’s been practicing for 40 years….

July 17, 2023

Q&A: Fred Kaplan on Real Estate Law and The ADA’s Public Accommodation Provisions

Frederick “Fred” Kaplan is a business lawyer with broad expertise in all aspects of real estate law, including commercial real estate development, finance, leasing, construction, joint ventures, acquisitions/dispositions, and land use planning and development. He is also widely recognized as an authority in the public accommodation and real estate provisions of the Americans with Disabilities…