Rimon

Insurance Coverage and the CARES Act

Insight Jill Haley Penwarden Jill Haley Penwarden · March 31, 2020
Virtually every business is suffering losses due to the coronavirus pandemic, and many are looking to their insurance policies in hopes of relief. Whether coverage will be available will depend on the types of policies in place, as well as the specific coverage wording and exclusions to each policy. Every insurance policy is different,

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Memo on Force Majeure and COVID-19

Insight Juan Zuniga Juan Zuniga · Mariana Acedo Mariana Acedo · March 31, 2020
COVID-19: Excuse of Contractual Performance under California Civil Code Section 1511 The pandemic related to COVID-19 and the economic impact resulting from various stay-at-home orders raises concerns of whether such circumstances can justify non-performance of certain contractual obligations including under leases, loans or commercial contracts.

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Managing Contract Risks & Remedies in a Time of Coronavirus

Insight Joseph I. (“Joe”) Rosenbaum Joseph I. (“Joe”) Rosenbaum · March 31, 2020
While it’s sometimes said that one person’s failure to plan ahead doesn’t constitute an emergency for everyone else, but one couldn’t plan ahead for this current Coronavirus pandemic that now has indeed created an unprecedented, unforeseeable emergency with many scrambling to evaluate the consequences of a failure or

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Considerations on the Impact of the Novel Coronavirus Pandemic on Real Estate

Insight Juan Zuniga Juan Zuniga · March 30, 2020
Brad Hunter, managing director at RCLCO, writes in a March 24, 2020 article in Forbes that the effects of the economic slowdown caused by the novel coronavirus are “a serious threat to commerce, profits, jobs, and, ultimately, real estate. The duration of the downturn will be the key determinant of how long and in what ways the real

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COVID-19 and Border Restrictions

Insight Juan Zuniga Juan Zuniga · Mariana Acedo Mariana Acedo · March 30, 2020
As of March 21, 2020, various temporary restrictions affecting US borders and ports of entry have gone into effect. These travel bans were put in place to stop the spread of COVID-19 while trying to cause as little damage to the economy as possible. There are three categories of travel restriction currently in place; restrictions on entry into the

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Fine Art Consignment in the time of COVID-19: How safe is your Art?

Insight Sam Miller Sam Miller · March 30, 2020
As COVID-19/SARS-CoV-2 slithers insidiously among us, and fine art galleries, auction houses and fine art storage facilities shutter, the fine art market finds itself under considerable pressure. With no end in sight, the financial implications for art market professionals could be dire. Arnet reports that top-tier galleries are already

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The CARES Act

Insight Melinda Fellner Bramwit Melinda Fellner Bramwit · John R. Mussman John R. Mussman · Jill Haley Penwarden Jill Haley Penwarden · Juan Zuniga Juan Zuniga · Phillip Wang Phillip Wang · March 30, 2020
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act. The CARES stimulus package provides $2.2 trillion in emergency assistance to those impacted by the novel coronavirus. What follows is a brief description of the major provisions so that you may be aware of what is

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Rimon was designed for teamwork from anywhere

Insight Michael Moradzadeh Michael Moradzadeh · March 30, 2020
Back in 2008, we realized that the combination of cloud computing and video conferencing was going to change the world. For the first time, sophisticated lawyers could do complex legal work in large teams, without being in the same location. Research, analysis, document collaboration, even socializing could all be done effectively from anywhere -

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Reexamining Executive Compensation Agreements in Difficult Economic Times

Insight Thomas M. White Thomas M. White · March 27, 2020
The global pandemic raises a host of concerns for businesses and the executives they employ. Health and staffing issues are paramount but executives are particularly concerned about their job tenure and their compensation and companies have heightened concern about their viability. The typical tension between

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Access to Retirement Accounts Expanded

Insight Thomas M. White Thomas M. White · March 26, 2020
On Friday, March 27, the president signed historic legislation that temporarily expands the ability of individuals to access their retirement accounts during the pandemic. The bill waives the 10% early withdrawal penalty for individuals who withdraw up to $100,000 from qualified retirement accounts, including retirement plans and IRAs as a

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