COVID-19 and the Impact on U.S. Immigration Presentation
James Prappas recently gave a presentation on how COVID-19 affects U.S. Immigration. To download the presentation, click here.
Insights
Download the CARES Act Blue Book
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 […]
Orders Declaring Shutdowns May Trigger Insurance Coverage For Lost Income
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 […]
KRCL Celebrates Staff Appreciation Week
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 […]
Appraisal Requirements Deferred for 120 Days for Certain Real Estate Transactions Due to COVID-19
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& […]
Coverage for Business Losses – Property Damage No Longer Required?
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 […]
PPP Loan Forgiveness Standards and Requirements as of the Interim Final Rule
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 […]
Warning Paycheck Protection Program Lenders! Limitations on Permissible Loan Applicants Lead To Class Action Lawsuits
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 […]
COVID-19’s Impact on Court Operations has led the Texas Supreme Court to Extend the Statute-of-Limitations in Civil Actions Statewide
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 […]
Three Factors to Consider When Including a Liquidated Damages Clause in Your Texas Construction Contract
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 […]
Treatment of Independent Contractors Under the Paycheck Protection Program
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 […]
DOT & FMCSA Guidelines for Motor Carrier Employer Drug & Alcohol Testing Compliance During the COVID-19 National Emergency
Recognizing that disruptions caused by the COVID-19 national emergency are interfering with, and in some cases preventing, motor carrier employer and driver compliance with current drug and alcohol testing requirements, the United States Department of […]