This white paper written by Richard Hathaway, Andrea Johnson, Darren Harrington, and Douglas Bracken examines the brief history of COVID-19 and the resulting business closures. It also examines current efforts to reopen businesses and identify several […]
In mid-April, national news coverage began breaking that several public companies had received significant loans from the SBA’s Payroll Protection Program. In response, officials in the Treasury Department urged companies with substantial market […]
A frequently encountered question in the insurance world is whether payment of an appraisal award forecloses or bars first party claims against an insurer by the insured, and if so, under what circumstances. The Texas Supreme Court has taken this matter […]
James Prappas recently gave a presentation on how COVID-19 affects U.S. Immigration. To download the presentation, click here.
This document was prepared by the staff of the Joint Committee on Taxation in consultation with the staffs of the House Committee on Ways and Means and the Senate Committee on Finance, describes the tax provisions of the Coronavirus Aid, Relief, and […]
The CARES Act provides that all Paycheck Protection Program (PPP) loans are eligible for forgiveness but not automatically forgiven. Instead, borrowers must apply for forgiveness with their lender, and the amount to be forgiven may be limited. Borrowers […]
As people, businesses, and markets scramble to navigate through the impact of COVID-19, nearly every state has issued emergency orders, detailing changes to court operations due to the COVID-19 outbreak. To date, the Texas Supreme Court, in conjunction […]
The Coronavirus Aid, Relief, and Economic Security Act ("CARES") empowered the Small Business Administration ("SBA") to guarantee some $349 billion low-interest, forgivable PPP loans. On the evening hours of April 2, 2020, the SBA […]
A1. The CARES Act (Act) Paycheck Protection Program (PPP) is part of a new Small Business Administration (SBA) lending program designed to provide small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be […]
The coronavirus is undoubtedly going to create contract disputes in ways that we cannot fully imagine. Parties will call their attorneys asking if they can send default letters or if they have defenses for missing contractual deadlines. Terms such as […]
According to the Small Business Administration’s (“SBA”) Office of Advocacy, small businesses create two-thirds of new jobs in the United States and are “the lifeblood of the U.S. economy.” And so it seems fitting that the […]
A force majeure clause is a contract provision that excuses both parties from liability or obligation when an event beyond the parties’ control prevents one or both parties from fulfilling contractual obligations. With the ongoing health […]