Volkswagen dealers recently received The Battery Electric Vehicle Distribution Terms and Conditions Agreement (“BEV Agreement”) which is purported to be required before receiving Volkswagen’s new electric vehicle models. Likewise, GMC and Chevrolet dealers have received GM’s Electric Models Participation Agreement... Read More →
The ongoing COVID-19 pandemic has impacted, rather severely, the OEM’s ability to turn out new product. Shortly after the pandemic hit, plants were limited and/or closed, and new motor vehicle production ground to a halt. The downstream impacts to dealers... Read More →
One of the first strategies OEMs often employ to avoid complying with a state’s franchise law protections is to argue that the laws do not apply to a dealer agreement that was executed prior to the passing of those statutes. This... Read More →
Historically, the Dangerous Instrumentalities Doctrine has imposed strict liability on the owner of a motor vehicle whenever the owner “voluntarily entrusts that motor vehicle to an individual whose negligent operation causes damage to another.” However, companies that rent or lease... Read More →
After several years of record high transaction activity, there has been a lull in the buy-sell market due to COVID-19. Bass Sox Mercer noticed a steep decline in transaction activity around the time state governments started instituting “stay at home”... Read More →
BSM Shareholder, Richard Sox, has presented seven (7) seminars on the Paycheck Protection Program loan eligibility and forgiveness thus far for various dealer organizations. The continuing seminars are a result of the repeated changes made to the PPP by both... Read More →
BSM and its co-counsel, Hagens Berman, recently filed an appellate brief seeking to overturn the trial court’s dismissal of the VW dealers’ claims against Robert Bosch GmbH and Robert Bosch, LLC. The appeal was made to the 9th Circuit Court... Read More →
We continue to see Kia Motors America issue Notices of Termination to dealers across the United States. In the last three months alone, BSM has been retained by Kia dealerships in Florida, Tennessee and Washington to assist in defending against... Read More →
The U.S. Small Business Administration has posted an Interim Final Rule on Loan Review Procedures and Related Borrower Responsibilities which outlines the forgiveness application, the review process, the potential for denial and the appeal process. Link here.
The U.S. Small Business Administration has posted an Interim Final Rule on Loan Forgiveness which serves to codify guidance in the forgiveness application package. Link here.