If passed, California Assembly Bill 828 would prevent action to foreclose on a residential real property while a state or locally declared state of emergency related to COVID-19 is in effect, and for 15 days after the state of emergency has ended.
To read the full text of this Duane Morris Alert, please visit the firm website.
Maryland Governor Lawrence J. Hogan issued Order Number 20-04-03-01 on April 3, 2020, which amends and restates an order previously issued on March 16, 2020, that, among other things, temporarily prohibits evictions of tenants suffering substantial loss of income due to COVID-19. The new order expands the coverage of the original order to temporarily prohibit commercial and industrial evictions.
To read the full text of this Duane Morris Alert, please visit the firm website.
Landlords are often among the very first to feel the impacts of their tenant’s financial woes. In today’s unpredictable economic environment, many businesses are forced to shut their stores temporarily while the risks of COVID-19 continue to play out. Within the last few days many large and small retailers have unilaterally announced publicly that they would not be paying upcoming rent. In these unprecedented times, landlords must be aware of the risks they face in light of what is certain to be a previously unheard of level of tenant defaults.
To read the full text of this post by Duane Morris partner Rick Hyman, please visit the Duane Morris Business Reorganization and Financial Restructuring Blog.
The global outbreak of the novel coronavirus (COVID-19) is the most critical problem facing the world now.
The Singapore government has acted swiftly to reduce the risks of local transmission. At the time of publication of this Alert, all bars and entertainment venues such as nightclubs, cinemas and games centres have been prohibited from operating. In addition, all gatherings involving more than 10 persons have been prohibited. Food and beverage, retail, and health and fitness businesses have been allowed to continue their operations (but with further precautionary measures)―for now. It is certain that these regulations will, and must, be tightened if the health crisis continues on its current trajectory.
To read the full text of this Duane Morris Alert, please visit the firm website.
