Coronavirus and Impact on Landlords and Tenants
4/1/20
By: Michael Bruyere,Ryan Greenspan and Ali Sabzevari
Commercial and residential tenants, whether due to operational closures or loss of jobs or income, will face difficulties meeting their rent obligations, and some may even abandon their properties. Landlords may …
More Restaurant Owners ask Courts to Find that COVID-19 Has Caused “Direct Physical Loss” Triggering Business Interruption Coverage
4/1/20
By: Renata Hoddinott and Isis Miranda
Famed chef Thomas
Keller’s restaurant groups sued two insurers in Napa County Superior Court last
week, seeking a declaration that the policies cover business interruption
losses incurred because of a Shelter-at-Home Order. In the …
CARES Act and Paycheck Protection Program
4/1/20
All businesses with 500 or fewer employees, including nonprofits, veterans organizations, Tribal business concerns, sole proprietorships, self-employed individuals, and independent contractors – can apply for loans that may be forgiven. Businesses in certain industries can have more than 500 employees …
U.S. Department of Labor Issues Two Additional Rounds of Guidance in Advance of April 1, 2020, Effective Date for the Families First Coronavirus Response Act
4/1/20
By: Robert Young
Over the weekend, the Department of Labor (DOL) Wage and Hour Division (WHD) issued two additional rounds of guidance to help employers navigate issues relating to the Families First Coronavirus Response Act (FFCRA or the Act), as …
Coalition of Insurance and Business Groups Propose the COVID-19 Business and Employee Continuity and Recovery Fund
4/1/20
By: Nicole L. Graham and Zachariah E. Moura
A broad coalition
has urged the federal government to create a recovery fund for businesses hit
hard by the COVID-19 pandemic.
Representatives
of 36 trade groups from real estate, insurance, retail and …