Yumkas, Vidmar, Sweeney & Mulrenin, LLC is pleased to announce that six lawyers have been selected for inclusion on the 2019 Maryland Super Lawyers list and two lawyers have been selected for inclusion on the 2019 Maryland Rising Stars list. 2019 Maryland Super Lawyers Lawrence J. Yumkas—Bankruptcy: Business James A. Vidmar—Bankruptcy: Business Paul Sweeney—Bankruptcy: Business…

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With cryptocurrency on the rise, new lenders, such as SALT Lending and Nexo, are entering the market and extending loans to clients for which the borrowers’ cryptocurrency is serving as collateral.  However, these lenders are requiring that the borrower transfer the digital currency to a custodian that provides multisignature wallets to “hold” the currency during…

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The Maryland Court of Appeals recently reviewed a case in which it was called upon to interpret the Maryland Uniform Arbitration Act (“MUAA”) in WSC/205LLC v. Trio Ventures, 460 Md. 244 (2018).  Specifically, the Court was asked to determine “whether a court may vacate an arbitrator’s decision for manifest disregard of applicable law” even though…

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You start a small business and you run forward – sometimes in a straight line, but usually not, and always at full speed.  You could be fully occupied by your creating, marketing and distributing your product or service, but you still have to worry about everything and everyone else while keeping your eye on profitability…

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Lawrence Yumkas presented The “Court” in “Bankruptcy Court”:  Trial Tips from the Bench and Experienced Bankruptcy Litigation Counsel, along with The Honorable Thomas J. Catliota and Lawrence Katz of Hirschler, to the Maryland Bankruptcy Bar Association’s Greenbelt Chapter on November 1, 2018. To read the presentation materials, click here.

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YVSM’s Corinne Donohue Adams published an article in the American Bankruptcy Institute Journal entitled “Stopped Payments as Avoidable Unauthorized Post-Petition Transfers.” The article focuses on when liability lies for transfers or transactions under section 549 of the Bankruptcy Code. The article specifically considers In re Essex Constr. LLC, 575 B.R. 648 (Bankr. D. Md. 2017), where…

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The Court of Appeals of Maryland recently revisited the law concerning “pay-when-paid” and “pay-if-paid” clauses in construction subcontract agreements. In Young Electrical Contractors, Inc. v. Dustin Construction, Inc., 2018 WL 2355299, __A.3d __ (2018), a subcontractor sued the general contractor for payment on a subcontract. The Circuit Court for Montgomery County granted summary judgment in…

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Clark Turner Homes LLC has filed for voluntary Chapter 7 bankruptcy protection, a turnaround for the Harford County developer that once hoped to gain from a projected population boom around Aberdeen Proving Ground amid the military’s Base Realignment and Closure program. Belcamp-based Clark Turner Homes listed liabilities between $1 million and $10 million in a…

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By Natalie Sherman  Baltimore Sun Six community groups that had been battling companies connected to a Texas businessman and dozens of vacant properties in Baltimore said Thursday they had reached a settlement, in which the owners agreed to clean-up the properties and pay $85,000. A Baltimore City Circuit Court judge ordered clean-up of the eyesores…

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Yumkas, Vidmar, Sweeney & Mulrenin, LLC, has established its primary office in Downtown Columbia and relocated its Annapolis operations. The Central Maryland-based law firm includes top-rated attorneys who handle the needs of clients seeking business advice and help with resolving business disputes. In addition to counseling thriving businesses, YVSM attorneys are noted for their extensive…

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