Many U.S. enterprises and U.S. real estate holdings have some degree of foreign ownership. Federal law requires the filing of detailed reports on foreign ownership every five years by U.S. enterprises “in which a foreign...more
As shutdown orders expire and businesses reopen, questions arise on the possible liabilities created and the ability to mitigate them. Standards are emerging; some will be second-guessed. Previous modes of operation may...more
The COVID-19 (the “Coronavirus”) pandemic has the potential to cause business disruptions that may make the performance of a party’s obligations under a commercial contract difficult, unprofitable or impossible. Such...more
3/17/2020
/ Business Interruption ,
Commercial Contracts ,
Commercial Insurance Policies ,
Contract Terms ,
Contracts for the International Sale of Goods (CISG) ,
Coronavirus/COVID-19 ,
Emergency Response ,
Force Majeure Clause ,
Material Adverse Change Clauses (MACs) ,
Performance Standards ,
Relief Measures ,
State of Emergency ,
Supply Chain ,
Travel Restrictions ,
Uniform Commercial Code (UCC)
To prevent the spread of COVID-19 (the “Coronavirus”), last night, President Trump announced a thirty (30) day travel suspension from twenty six (26) European countries to the United States. The suspension will take effect on...more