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Fine Art goes online: the (virtual) reality of COVID-19 and the changing face of the fine art markets

Insight Sam Miller Sam Miller · May 11, 2020
We wrote earlier about the COVID-19 shutdown threat to gallery solvency, and possible creditor claims to works on consignment. Now two months into confinement, the threat to galleries is real with a quarter of Los Angeles fine art galleries responding to the Los Angeles Times April 20, 2020 Fine Art Gallery Survey that they

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Webinar: COVID-19 Legal Watch – Top 10 Steps for Small and Medium-sized Businesses (SMBs)

Event
Sponsor Keller Center of Princeton University Date & Time May 5th, 2020, 12 pm ET Why You Should Attend Rimon Partner, Dror Futter, spoke on "COVID-19 Legal Watch – Top 10 Steps for Small and Medium-sized Businesses (SMBs)." COVID-19 may prove to be life-threatening to many small and medium-sized businesses (SMBs). Times have

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Getting out of, delaying, modifying, or enforcing contracts as a result of COVID-19 or related government actions and restrictions

Insight David W. Tate, Esq. David W. Tate, Esq. · April 28, 2020
Many businesses and contracting parties are looking at the possibilities of getting out of, delaying, modifying, or enforcing contracts as a result of COVID-19 or government actions and restrictions. Typical legal issues and arguments relating to those actions include: force majeure clauses, impossibility, commercial impracticability,

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COVID-19 Mexico: Baja California Orders Temporary Closure of Maquiladoras

Insight Juan Zuniga Juan Zuniga · Mariana Acedo Mariana Acedo · April 27, 2020
The Secretary-General of the State of Baja California, Amador Rodriguez, ordered the temporary closure of all maquiladoras[1] as of April 16, 2020. The Secretary-General explained that this measure was taken after many companies continued operations, despite not being considered “essential” activities as defined in the order

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COVID-19: Mexico Declares Public Health Emergency

Insight Juan Zuniga Juan Zuniga · Mariana Acedo Mariana Acedo · April 14, 2020
On March 30, 2020, the Mexican government declared a public health emergency due to the COVID-19 pandemic. Consequently, the Ministry of Health issued new measures to suspend all “non-essential” activities until April 30, 2020 (the “Order”), and established that only those activities deemed “essential” may

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Covid-19 Tax News: FBAR filing

Insight Melinda Fellner Bramwit Melinda Fellner Bramwit · April 09, 2020
COVID news for Taxpayers: Don’t worry about your FinCEN Form 114 (your FBAR) – it is not due until October 15, 2020 You may know that the FinCEN Form 114, Report of Foreign Bank and Financial Accounts (“FBAR”) is used to report a financial interest in or signature authority over a foreign financial account. The FBAR

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Insurance Coverage and the Coronavirus

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

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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

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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

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