Bryn Law Group joins IR as the exclusive Mergers & Acquisitions Member in US – Florida

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Mark Bryn of Bryn Law Group. Mark has joined IR as our exclusive Mergers & Acquisitions member in US – Florida. Bryn Law Group – a Miami based law firm with a wide range of experience which is used to effectively and creatively represent […]

Mark BrynFounder, Bryn Law Group

OFAC Revises Its Chevron-Related General License

On April 21, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued General License 8F extending the deadline established by General License 8E for Chevron Corporation, Halliburton, Schlumberger Limited, Baker Hughes, and Weatherford International (the “Relevant Entities”) to conduct certain transactions and activities otherwise prohibited under the Venezuela-related Sanctions for the maintenance […]

Gary E DavidsonPartner, Diaz Reus

Holders of the PDVSA 8.5% Bond Need OFAC’s License

On April 10, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued General License 5C delaying the effectiveness of General License 5B “Authorizing Certain Transactions Related to the Petroleos de Venezuela, S.A. 2020 8.5. Percent Bond on or After April 22, 2020” until July 22, 2020. Accordingly, all transactions related to, the […]

Gary E DavidsonPartner, Diaz Reus

OFAC ALERT – Sanctions on PDVSA Need Not Be Permanent

  On April 3, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued General License 13E extending the deadline established by General License 13D for Nynas AB, a subsidiary of Petroleos de Venezuela S.A. (“PDVSA), to conduct certain transactions and activities otherwise prohibited under the Venezuela-related Sanctions. Originally, these transactions and activities had to […]

Gary E DavidsonPartner, Diaz Reus

DRT ALERT – Loans Under the Paycheck Protection Program

The Small Business Administration along with the U.S. Department of the Treasury recently determined the dates that eligible businesses are able to apply for loans under the Paycheck Protection Program. DRT is here to help businesses apply for a loan under the Paycheck Protection Program. The Paycheck Protection Program loan application can be found here. 1. […]

Gary E DavidsonPartner, Diaz Reus

The CARES Act Provides for an Emergency Grant and an Economic Injury Disaster Loan

Under the CARES Act, a small business can receive financial assistance by obtaining a loan under the Paycheck Protection Program (“PPP”) or by obtaining an Economic Injury Disaster Loan (“EIDL”). While a loan under the PPP may be preferable due to the forgiveness component, an EIDL still provides substantial relief to businesses economically affected by COVID-19.   […]

Gary E DavidsonPartner, Diaz Reus

Corporate annual report filing extended until June 30, 2020

The Florida Department of State has extended the timeline for filing corporate annual reports until June 30, 2020: Pursuant to Executive Order No. 20-52 and Department of State Emergency Order 2020-01, the time requirements for business entities to file annual reports are suspended and tolled until June 30, 2020. Any profit corporation, limited liability company, […]

Gary E DavidsonPartner, Diaz Reus

The Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) and what it means for your business

Today, the President signed into law the Coronavirus Aid, Relief and Economic Security Act (“Cares Act”), which provides non-recourse loans of up to $10,000,000.00 for eligible businesses which continued to pay salaries and other business expenses during the period between February 15, 2020, and June 30, 2020 (the “covered period”). The loans are provided by third-party private […]

Gary E DavidsonPartner, Diaz Reus

DRT ALERT – (CORRECTED VERSION) Broward County Judge Grants Motion to Dismiss Against Chetu, Inc.

Miami, March 23, 2020 – Miami-based global law firm Diaz Reus announces that Broward County Judge Robert W. Lee has granted a motion to dismiss for lack of personal jurisdiction against software consulting firm, Chetu, Inc. The motion, brought by Diaz Reus on behalf of an officer of a California corporation that was also sued […]

Gary E DavidsonPartner, Diaz Reus