Month: March 2020

COVID-19 Isolation – A Good Time to Review Your Estate Planning Documents

Last Will and Testament with Fountain Pen

03/31/2020Herman, Patrick W.

Are you stuck at home, isolated from the public, and your normal social interactions?  Perhaps this would be a good time to review those old estate planning documents: your Will, Power of Attorney, Health Care Power of Attorney, and Advance Medical Directive.  Do you have a Revocable Trust that needs to be updated?  Have you… Read more »

Coronavirus: Additional Consideration for Protecting Community Associations and Continuing to Operate

Modern Houses 2

03/27/2020Casey, Deborah M.

Since our last posting, the impact of coronavirus on community associations has become real.  Health and safety are paramount.  While Association-related matters may seem trivial compared to a worldwide health crisis and corresponding job losses, basic business and operations must continue, albeit with new considerations.  This supplements the prior article.   Membership Meetings: Use of… Read more »

COVID-19, Leasing, and Force Majeure Clauses

government contract legal advice

03/26/2020O'Dea, T. Duggan

To date, COVID-19 has led to the forced closures of many businesses and commercial spaces worldwide, both temporarily and permanently. While some can adapt and continue to work in safe numbers or controlled environments, others have been left with no alternatives, resulting in unemployed and unproductive workers and workspaces. So, what does this mean for… Read more »

Fannie Mae and Freddie Mac will grant mortgage forbearance for Borrowers who suspend evictions for renters in multifamily properties with loans backed by Fannie Mae or Freddie Mac

03/26/2020King, Ray W.

The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will offer multifamily property owners mortgage forbearance with the condition that they suspend all evictions for renters unable to pay rent due to the impact of coronavirus (“COVID-19”). The eviction suspensions are in place for the entire duration of time that a property… Read more »

Bankruptcy Considerations And Relief For Distressed Businesses Amidst COVID-19

Credit cards and American money

03/26/2020McGann, Bryant C.

In addition to recent programs from the U.S. Small Business Administration (“SBA”), such as low-interest disaster loans, small businesses may benefit from amendments to the U.S. Bankruptcy Code, which became effective on February 19, 2020.  The Small Business Reorganization Act of 2019 (the “SBRA”) is the new subchapter V to chapter 11 of the Bankruptcy… Read more »

Be Vigilant – Covid-19 Creates Additional Opportunities For Fraud

03/25/2020Gallo, Jonathan V.

As the spread of COVID-19 virus creates anxiety and uncertainty across the globe, it also creates new opportunities for cyber fraud. On Saturday, the United States Department of Justice (DOJ) filed a complaint for a Temporary Restraining Order in the Western District of Texas against defendant, “John Doe” who, according to the complaint, “acting alone… Read more »

Answers To Some Pressing Basic Commercial Issues Arising From COVID-19

Commercial-Lit

03/24/2020McGann, Bryant C.

The legal landscape relating to the extraordinary measures taken in connection with COVID-19 is constantly changing. We will attempt to keep this page updated, but you should consult your attorney and tax advisor for the latest information. General: There are thousands, and perhaps millions of small businesses in your same situation. We expect there to… Read more »