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.
As if going through a divorce is not stressful enough, you are now asked to navigate the dissolution of your marriage during a worldwide pandemic. The key is to remain calm, be patient and recognize what can reasonably be done. The most important thing you can do for yourself and your family is to heed the CDC suggestions.
In response to the COVID-19 crisis, the President signed the Coronavirus Aid, Relief, and Economic Security Act (the “Act”) (P.L. 116-136) on March 27, 2020, to provide – among many other things - emergency financial relief for eligible small businesses (and certain not-for-profit and veterans organizations) disrupted by the coronavirus pandemic. The Small Business Administration (SBA) received funding and authority through the Act to establish a new Economic Injury Disaster Loan (“EIDL”) program, and the Act created and enabled
To mitigate the spread of COVID-19, many clerk and recorder’s offices have announced closures. Some offices are closed to the public, while still allowing mail-in and electronic filing, and others are closed for all filings.
While many businesses have been ordered closed to try to slow the spread of the COVID-19 virus, the Department of Homeland Security, as well as state and local officials in many jurisdictions following federal guidance, have designated construction as an “essential” business. This includes both Miami-Dade and Broward Counties as well as the City of Fort Lauderdale and the
We are currently living though a crisis without precedent. The COVID-19 pandemic has had an overwhelming effect on global financial markets and its full impact has yet to be determined. Beyond the uncertainty we are feeling about our financial well-being, we have been forced to confront the vulnerability of not only our health, but the health of those we care about the most. Even as we experience the upending of our everyday lives, it is important to maintain a balanced perspective, be prepared to the extent possible and even consider availing yourself to opportunities that emerge during troubling times.
My March 16, 2020 post explained that it was not clear whether the emergency powers available to condominium and homeowners associations were applicable to address matters related to COVID-19 given the language in the statutes limiting their applicability to matters “in response to damage caused by an event for which a state of emergency has been declared.”
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