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On March 27, 2020, President Trump signed a $2 trillion stimulus package known as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act” or the “Act”) in response to the economic crisis caused by the coronavirus pandemic (“COVID-19”). The Act provides tax relief on multiple fronts to American families and businesses impacted by … Read more
By: Michael C. Caborn and Richard B. Weinman Updated 4/6/2020 Evictions Under the Florida Supreme Court’s latest Administrative Order of April 6, 2020 (AOSC20-23) Writs of Possession, commonly used in eviction and foreclosure matters, will not be issued through the close of business on Friday, May 29, 2020. Many Judicial Circuits are issuing Orders suspending … Read more
By: Heather S. Moraes and Amy C. Maitner What happens when you cannot perform under your contracts due to complications surrounding the Coronavirus (COVID-19)? Are you excused from performing or are you permitted to delay performance of your obligations? Can you terminate the contract entirely? The short answer is, it depends. Each situation is individual … Read more
Recent government enforced closures, social distancing and a general change in commerce as a result of the effects of COVID-19 are having astronomical impacts on retail tenants throughout the United States. Retail tenants and their landlords are struggling with how to respond to the sudden loss of sales. Do Tenants have a right to abatement … Read more
The information provided below contains summaries of tax relief as of March 27, 2020. Federal Tax For Individuals Federal Income Tax Returns and Payment. The deadline to file federal income tax returns and remit payment is extended to July 15, 2020. This extension is automatic and applies to individuals, trusts, and corporations. Any interest, penalty, … Read more
The first place to look is the insuring agreement. The type of coverage matters: first party coverage means the insurance company pays you for loss, as opposed to third party coverage, which defends and indemnifies you against loss by a third party. Facts are critical, including: Did an event occur that is covered under the … Read more
Many resources are available that can help businesses with cash flow and working capital needs. We prepared this page to provide general information about resources that might be available to assist businesses with cash flow needs during the COVID-19 crisis. Terms of loans may vary. This does not cover all possible financing resources – there … Read more
By: Heidi Mitchell and Allison E. Turnbull On March 9, 2020, Governor of the State of Florida, Ron DeSantis, declared a State of Emergency for COVID-19 which required Florida government officials to take necessary and timely precautions to protect their communities. See Executive Order 20-52. In response to the social distancing guidelines and limitations on … Read more
By: Jeffrey Deery and Brandon S. DeGel The coronavirus pandemic (COVID-19) continues to have, a massive impact on our global, national, state, and local economies. Undoubtedly, along with its devastating health and social effects, this dangerous virus will also bring a wave of disputes and conflicts. So, in an age of social distancing, how are … Read more
By: Ryan E. Davis, Bradley M. Saxton and C. Andrew Roy The CARES Act greatly expands the availability of businesses to use new bankruptcy law that makes it easier to reorganize. Among other things, the CARES Act also provides for direct stimulus to individuals, limited temporary relief for student loan borrowers, and greatly expands SBA … Read more