UPCOMING EDA WEBINAR SERIES: Dealer Financial Preparedness in the Wake of Covid-19

EDA hosts a three-part series on financial preparedness for equipment dealers. Look for registration details next week. The three-part series will cover a range of helpful topics. These webinars are FREE to FWEDA members.

Session 1: Liens and UCC Filing Best Practices – 11 a.m. PDT, June 10

As dealers grapple with COVID-19 the likelihood of long-term strain on dealership customers is an impending and very real threat. Dealers must take proactive steps to protect their financial interests and optimize best practices in preserving interest in financed equipment. In this webinar, Matt Layfield, partner at Polsinelli, will walk dealers through best practices in dealing with blanket liens and UCC filings.

Session 2: Understanding Dealer Rights, Obligations and Risks under State laws – 11 a.m. PDT, June 17

As dealers grapple with COVID-19 the likelihood of long-term strain on customers and manufacturers is an impending and very real threat. Dealers must take proactive steps to understand their legal exposure if relationships with customers or manufacturers take a turn for the worse. This webinar will give an overview of laws that dealers must consider in developing an offensive plan in their dealership to weather the storm and reduce exposure, including (1) Lemon laws, (2) Repair Liens, and (3) laws governing the Dealer-Manufacturer Relationship. In this webinar, Lance Formwalt, partner at Seigfreid Bingham, will walk dealers through best practices in dealing with and considering how these laws influence the way a dealership operates.

Session 3: Understanding Dealer Tools When Faced with Financial Stress – 9 a.m. PDT, June 24

As dealers grapple with COVID-19 the likelihood of long-term strain on the dealership, dealers must consider the financial tools available to them. Dealers must take proactive steps to protect their financial interests by considering: (1) layoffs, closures, and downsizing, (2) claims for business interruption insurance, (3) PPP loans and other federal or state business relief programs (4) statutory financial tools for dealing with debt such as bankruptcy. Natalie Higgins, EDA’s general counsel, and Matt Layfield, partner at Polsinelli, will walk dealers through these tools and help understand foundational aspects of considering which steps the dealership should take to ensure it can not only survive but thrive.

For a detailed description of each webinar, click here.
To register for one or all sessions, click here.

FWEDA’s dealer helpline provides access to limited legal advice from legal partners including EDA counsel Natalie Higgins, a practicing labor and employment attorney who can assist dealers with employment questions. Email Natalie at nhiggins@eguipmentdealer.org.