For many of us, it is not the physical symptoms of Covid-19 that plagues us but rather the isolation, the uncertainty and fear that has mentally pushed us to the breaking point. And as if all of that was not enough, along comes hurricane season and the high likelihood that over the next couple of months Covid-19 will have to share center stage with reports of tropical storms, hurricane watches, and hurricane warnings as storms develop hundreds of miles away off the coast of foreign lands and slowly advance towards us.
On July 16, 2020, the European Union Court of Justice ruled that the EU-U.S. Privacy Shield, a compliance policy governing the protection of data transferred from the EU to the United States, was invalid. As a result, U.S. businesses can no longer rely on the Privacy Shield framework in connection with their collection, usage, retention and transfer of personally identifying information about EU residents and citizens.
With more and more employees working from home or other places remotely from their normal brick and mortar office buildings, employers with protectable trade secrets have an added stress when a hurricane looms -- to safeguard their valuable confidential business and professional information from exposure or loss. The Covid-19 pandemic presents many similarities to the burdens caused by a pending hurricane.
In its recent decision in People’s Trust Insurance Company v. Lavadie, Florida’s Third District Court of Appeal addressed the requirements for notice of policy changes and notice of mediation availability. The underlying loss involved damage to the insureds’ home caused by a water leak in April 2016. The insurance company acknowledged coverage for the loss and notified the insured homeowners that it would be using its contractor to repair the damage. The homeowners provided the insurance company with their contractor’s estimate, which was significantly higher than the insurance company’s estimate. In response, the insurance company sent a letter advising the homeowners of mediation’s availability to attempt to resolve the dispute. The insurance company also sent a letter demanding an appraisal of the claim. After the homeowners refused to proceed with the appraisal, the insurance company filed suit.
Inclement weather particularly tropical storms and hurricanes can have a devastating economic impact on a construction project. There may be labor cost overruns, material cost overruns, equipment rental overruns and disruption of cash flow due to time extensions and interest payments, just to name a few. Planning for and understanding weather delays claims will help construction businesses avoid disputes.
On Thursday, June 4, 2020, the Internal Revenue Service (the “IRS”) released Notice 2020-39 (the “Ozone Deadline Relief Notice”) which provides substantial relief to existing and prospective investors in qualified opportunity funds ("QOFs") to mitigate potential degradation of their investments resulting from disruptions to construction and development operations of QOZ projects attributable to the COVID-19 pandemic.
Like all industries, construction is adapting to the “new normal” – and that likely means something different in each state, city, or municipality. While some projects, companies, and locales may have been affected “less than expected,” some have felt the full brunt of work stoppages, material shortages, delays, and other effects of the global coronavirus pandemic.
As the stay-at-home orders related to COVID-19 pandemic are being lifted, restaurants and other food and beverage operations must consider what measures to take to safely and efficiently operate in the new world that has forever been changed by COVID-19. The U.S.