Latest News & Updates from Lanak & Hanna

News

Wrap Insurance Policies: Avoiding Problems and Gaps in Coverage

Wrap-Up Insurance policies have been available on large construction projects for many years and provide a single project specific policy to cover the owner, general contractor and subcontractors as named insureds for liabilities that arise out of construction at the…

James MillaneNovember 19, 2020

News

Top Ten Risk Management Tips for Contractors

Here is our top ten list of tips available to contractors to help minimize risk on construction projects. Second Set of Eyes on Bid Documents: Often contractors rely on a single person to estimate jobs and prepare bids. This is…

Colin McCarthyNovember 19, 2020

construction law News

The California Prompt Pay Act

The California Prompt Pay Act requires owners and contractors to timely pay for work done on construction projects, both on Public and Private Works of Improvement, otherwise be faced with monetary penalties for failing to make payments on time to…

Natasha BuchananOctober 22, 2020

construction law News

Top 10 Clauses to Consider in Contracts

As we emerge from the effects of a global pandemic that has impacted every sector of the business community, one of the lessons learned is a renewed focus on the vital role that contracts play in our business dealings. From…

Colin McCarthyOctober 22, 2020

News services

Lanak & Hanna Creditor’s Rights Attorney Thomas Padian Achieves Outstanding Result for Creditor Client with Levy On and Forced Opening of a Judgment Debtor’s Safe Deposit Box

To accomplish this result Mr. Padian applied a little-used statutory provision to access and sell at auction the Debtor’s collection of high-value jewelry secreted in a safe deposit box at a commercial bank. This was a long-sought victory against a…

Lanak & HannaSeptember 22, 2020

legal-terms-laws News

Can a Surety be Compelled to Arbitration by an Arbitrator Rather than the Court?

Most sureties are aware depending on the language of the underlying bond, the surety can be compelled to arbitrate when the underlying contract it guarantees contains a valid and enforceable arbitration clause. However, what happens when the claimant seeking arbitration…

Colin McCarthySeptember 15, 2020

construction law services

How to Withdraw a Public Works Bid

Imagine that feeling on bid day: You’ve worked hard to ensure your bid includes everything. You’ve lined-up your subcontractors, secured your bid bond and are awaiting the owner’s opening of bids. But as the bids are opened, you quickly realize…

Colin McCarthyAugust 19, 2020

News services

Succession & Continuity: Does Your Business Have a Plan?

With the onset of COVID-19, many business owners, contractors, insurers, and sureties are inquiring about succession and continuity planning. This guide is to help assist contractors and small businesses with navigating the issues. What is Succession/Continuity Planning? Succession/Continuity Planning is…

James MillaneJuly 8, 2020

notable-decisions

Insurance Coverage in a Global Pandemic

In a matter of first impression, on May 22, 2020 the Paris Commercial Court in Paris, France ruled that a group of restaurants claims for revenue loss due to the COVID-19 pandemic were covered under business interruption insurance policies issued…

Colin McCarthyJune 17, 2020

services

Bankruptcy in a Global Pandemic

With Pandemic comes Bankruptcy. The United States Bankruptcy Courts have reflected an astonishing increase in Bankruptcy filings since the start of the COVID-19 Pandemic in early March. It’s not just Hertz Rental Car and J.C. Penney that are feeling the…

Mark JohnsonJune 16, 2020

News & Information