Webinar description: "As the economy and businesses start to reopen, employees and employers are eager to get back to work. Employers are well aware of their general obligation to provide a safe work environment. In light of the COVID-19 virus many […]
COVID-19 raises a number of serious issues for operators and other industry participants in the oil patch, including compliance with continuous drilling obligations, shut-in royalty clauses, cessation of production, and production in paying quantities […]
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 […]
Several states have already attempted to pass legislation declaring that shutdowns caused by COVID constitute property damage under insurance policies. That, of course, will probably run afoul of the Contract Clause of the Constitution. The Contract […]
While COVID-19 prevents us from our traditional week of in-person celebrations with our staff, we can't let the opportunity go by to stop and send a big THANK YOU to all of our hard-working staff across the firm. In both Houston and Dallas, our staff […]
On April 14, 2020, the Office of the Comptroller of Currency, Board of Governors of the Federal Reserve System and Federal Deposit Insurance Corporation (collectively, the “Agencies”) issued an interim final rule (the “Interim Rule& […]
Most commercial property insurance policies include insuring agreements that require direct physical loss or damage to covered property as the triggering event. Without establishing direct physical loss or damage, a policyholder traditionally cannot […]
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 […]
In an effort to manage the huge volume of loan applications being received under the Paycheck Protection Program (“PPP”) created under the Coronavirus Aid, Relief, and Economic Security Act, H.R. 748 (“CARES Act”), some banks […]
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 […]
It is common in Texas to find construction contracts wherein the parties agree to damages in advance of a breach of the construction contract. These are liquidated damages and a provision that contains these damages is known as a liquidated damages […]