In the wake of the COVID-19 pandemic, governments across the U.S. have issued moratoriums on evictions and foreclosures for residential and commercial properties and other restrictions on available remedies. In “National Landscape of COVID-19 Eviction and Foreclosure Moratoriums Continues to Shift,” colleagues Carmela D. Nicholas and Jeff Clare discuss how the…
The insurance industry responded to the emergency of the COVID-19 pandemic with preemptive press statements that property insurance policies would provide no coverage—even before policyholders submitted any claims. In “Many Commercial Property Insurance Policies Provide Coverage for COVID-19 Exposures,” colleagues Robert L. Wallan, David F. Klein and Tamara D. Bruno discuss that…
The Department of Homeland Security has outlined 16 critical infrastructure sectors which represent the types of businesses that can remain operational during the COVID-19 pandemic. However, each state—in some cases, local governments—can designate what qualifies as “essential.” Businesses should be mindful of the government regulations and potential penalties for noncompliance.…
In many cases, borrowers and lenders are working together to weather this crisis. A forbearance agreement is often the first step—after a pre-negotiation agreement is entered into. In “Distressed Real Estate During the Coronavirus Pandemic: Tips for Negotiating Forbearance Agreements,” colleague Caroline A. Harcourt discusses how the coronavirus pandemic, stay-at-home orders…
Real Assets are supposed to generate cash, yet in many sectors this is no longer the case. Please join us on Monday April 13, 2020, at 12:30pm ET / 9:30 am PT for the first in a webinar series addressing some of the most pressing challenges currently affecting investors, lenders…
New Small Business Administration (SBA) guidance implementing the Paycheck Protection Program (PPP) confirms that a somewhat narrower set of affiliation principles now applies to SBA loan programs, including the PPP. In “COVID-19 Relief: SBA Issues Regulations & Guidance on the Payroll Protection Program,” colleagues David B. Dixon, John E. Jensen and Steven…
The coronavirus pandemic is resulting in a wave of forbearances and workouts. A frequent first step is the pre-negotiation agreement. In “Distressed Real Estate During the Pandemic: The Importance of Pre-Negotiation Agreements for Borrowers and Lenders,” colleague Caroline A. Harcourt addresses that a good PNA should be quickly negotiated but…
On April 8, New Jersey Governor Phil Murphy signed Executive Order 122 which, among other things, halted nonessential construction in New Jersey effective Friday, April 10 at 8:00 pm. Essential construction may continue, which includes health care and pharmaceutical manufacturing facilities, transportation and infrastructure projects, pre-k to 12th grade and…
In January, the EU launched itself into the new decade with the unveiling of its Green Deal: an extensive plan of ambitious climate targets and reforms culminating in a carbon neutral Europe by 2050. There have been debates about the details of the plan particularly among the developers of carbon…
By executive order, Georgia Governor Kemp issued a statewide 10-day shelter-in-place order, from April 3, 2020, to April 13, 2020. In “Georgia Orders Residents and Visitors to Shelter in Place,” colleagues Amanda G. Halter, Robert A. James and Nicole Steinberg discuss address that other than “critical infrastructure,” other businesses are limited to…