Evergrande’s Imminent Collapse and Global Supply Chain Issues
Chinese real estate developer Evergrande has been in the financial headlines for several months now, which has spawned many questions about the situation. Who is Evergrande? Is this a “2008 Lehman Moment” for China? Will the Chinese government bail them out? Will this affect American investors? However, the financial and economic press have not tackled a question that may be on the minds of many American developers, contractors, and suppliers: If Evergrande goes under, what will happen to our already stressed global supply chains?
For a bit of background: Evergrande has been described as a
The Religious Exemption to the Vaccine Mandate
With the impending issuance of regulations from the Department of Labor mandating employees of large employers and all federal contractors receive one of the approved COVID-19 vaccines, one particularly thorny question is how to determine whether an employee is subject to a religious exemption to the mandate. Must the liturgy of the employee’s religion expressly disavow all vaccines or will an individual’s idiosyncratic religious beliefs suffice? And, who makes the decision whether the employee’s religion is an “accepted” one? The recently filed case by a professor and student at
Primer on New Lien Laws
With the passing of HB 2237 in the past Legislative session, impactful changes to Texas mechanics’ lien laws, found in Chapter 53 of the Texas Property Code, will go into effect for construction contracts entered into on or after January 1, 2022. Below are some, but not all, of the revisions to Chapter 53.
§ 53.003
If the deadline for providing statutory notice falls on a Saturday, Sunday or legal holiday, the period now extends to the next day that is not a Saturday, Sunday, or legal holiday.
§ 53.021
Removes the requirement that an architect, engineer or surveyor provide services “u
When Expert Testimony is Too Little, Too Late
Due to the complexity of construction and the specialized knowledge required to determine the cause for alleged damages, construction litigation is driven in part by experts. An expert’s testimony is crucial as it assists the trier of fact in understanding the alleged defects or delays and the causation theories being advanced by parties. Because of the high deference that triers of fact give to expert testimony, related evidence is highly scrutinized and held to a very high standard.
In West Inland Energy, Inc. v. Rockwater Energy Solutions, Inc., the Eastland Court of Appeals reviewed a di
Covid Executive Order For Federal Contractors and Large Companies
On September 9, 2021, President Biden ramped up COVID-related safety protocol in two areas by requesting that:
1. The Safer Federal Workforce Task Force (“Task Force”) prepare increased safety protocols for federal contractors which should include mandatory vaccinations; and
2. The Department of Labor issue temporary rules that will require employers of 100 or more employees to require vaccinations.
The Task Force was created in July 2021 to provide oversight to the development and implementation of COVID-19 workplace safety plans across the federal government. In the brief time si
Day Rate and Overtime Dollars: Hewitt V. Helix and Its Impact on Exempt Employees
After three rounds of deliberation, the Fifth Circuit finally issued its ruling earlier this month in Hewitt v. Helix Energy Solutions Group, Inc. et al., a case with broad implications for employers with both exempt and non-exempt employees as defined by the Fair Labor Standards Act (“FLSA”). The Hewitt Court considered the case of an offshore rig worker who was paid over $200,000 annually and held that his employer did not satisfy the “salary basis” element to qualify the worker as an exempt employee because his pay was calculated on a daily basis.
The FLSA requires that overtime mus
Lessons From the Elizabeth Holmes Trial
With start-up businesses or any endeavor in its beginning phases, the phrase “fake it till you make it” is often used as a phrase of encouragement. This phrase is taking on a new meaning as the trial begins of Elizabeth Holmes, a person at the center of Silicon Valley’s biggest scandal in recent history.
Holmes, once the world’s youngest, self-made, female billionaire and former CEO of Theranos, faces charges for ten counts of wire fraud and two counts of conspiracy to commit wire fraud, up to twenty years in prison, and payment of potential fines and restitution. The charges are based