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Entries tagged “coronavirus”

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

insights COVID-19 Mexico: Baja California Orders Temporary Closure of Maquiladoras Juan Zuniga · COVID-19 Mexico: Baja California Orders Temporary Closure of Maquiladoras 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 promulgated by Mexican Ministry of Health on March 30, 2020.[2]…

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COVID-19: Mexico Declares Public Health Emergency

insights COVID-19: Mexico Declares Public Health Emergency Juan Zuniga · COVID-19: Mexico Declares Public Health Emergency Mariana Acedo · April 15, 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 continue to operate. List of “Essential” Activities under the Order Activities…

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Insurance Coverage and the Coronavirus

insights Insurance Coverage and the Coronavirus 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, and policyholders will…

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Memo on Force Majeure and COVID-19

insights Memo on Force Majeure and COVID-19 Juan Zuniga · Memo on Force Majeure and COVID-19 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. This memorandum addresses two possible defenses to excuse performance under California Civil…

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Managing Contract Risks & Remedies in a Time of Coronavirus

insights Managing Contract Risks & Remedies in a Time of Coronavirus 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 inability to perform. In many ways, in…

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

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

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COVID-19 and Border Restrictions

insights COVID-19 and Border Restrictions Juan Zuniga · COVID-19 and Border Restrictions 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…

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The CARES Act

insights The CARES Act Phillip Wang · The CARES Act Juan Zuniga · The CARES Act Jill Haley Penwarden · The CARES Act John R. Mussman · 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 available to you in this…

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Reexamining Executive Compensation Agreements in Difficult Economic Times

insights Reexamining Executive Compensation Agreements in Difficult Economic Times 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 the interests of the parties is exacerbated by the current economic environment. Because of economic circumstances, the renewed focus will be placed on three…

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Access to Retirement Accounts Expanded

insights Access to Retirement Accounts Expanded 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 consequence of the coronavirus. Those who may…

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