Ally Law Covid-19 News

Data privacy. Tax strategy. Contract negotiations. Employment matters. Trade concerns. Legal disputes…

In the face of the COVID-19 pandemic, you need answers to keep your business running during the crisis — and thriving after the battle is won.

MELCHERS (Germany): Obligation to File for Insolvency is to be Suspended for Affected Companies Due to Corona Crisis

The Federal Ministry of Finance (German abbr.: BMF) and the Federal Ministry of Economics and Energy (German abbr.: BMWi) have presented a comprehensive package of measures (“Shield for employees and companies”) to contain the economic consequences of the Corona crisis, which includes, among other things, more flexible short-time working arrangements, liquidity support through tax relief by waiving enforcement and late payment penalties and by deferring and adjusting advance payments. MORE.

MELCHERS (Germany): Transactions in Trouble: M&A in Times of the Coronavirus

Within a few weeks and months, the outbreak of the Coronavirus (SARS-CoV-2) or the disease Covid-19 has posed major challenges to people worldwide. The private life of the individual is upside down, health care systems and governments of every country have to prove themselves in the crisis and companies worldwide are being put to a hard test. The German government announces financial support, the obligation to file for insolvency is to be suspended in individual cases, tax relief such as forbearance and waiver of enforcement measures are being considered. MORE.

MELCHERS (Germany): Building in Times of Corona Crisis (SARS-CoV-2)

The Corona crisis is legally regarded as a so-called “force majeure”. “Force majeure” is an external event that cannot be attributed to any of the parties to a contract, but has an external impact on living conditions or the general public or an undefined number of persons and is objectively unavoidable and unforeseeable (Federal Court of Justice, judgement of 22 April 2004 – III ZR 108/03, IBRRS 2004, 1107). However, the classification of the Corona crisis and the reference to it does not automatically solve the problems arising in this context. Thus, even slight fault can exclude force majeure (Federal Court of Justice NJW 1997, 3018 (3019)). MORE.

Your Legal Partners (Greece): Contract Performance and Coronavirus: Does it constitute an event of Force Majeure?

The recent escalation of the Coronavirus pandemia and the respective measures for its containment implemented by the Greek and European Authorities (among others the suspension of the operation of specific types of businesses, travel restrictions, the closure of the external borders of the EU) have caused severe business disruptions and impeded countless supply chains, often resulting in companies being unable to fulfill their contractual obligations. In this view, questions arise about the performance of contractual obligations as well as the possibility and the existence of any legal grounds for terminating existing contracts. MORE.

Williams Parker (Florida): Congress Builds on COVID-19 Relief with the CARES Act

A third stimulus package to combat the COVID-19 public health emergency, the Coronavirus Aid, Relief, and Economic Security (CARES) Act (H.R. 748), is on the cusp of enactment by the House of Representatives, with signature by the President to follow. The CARES Act builds tremendously on two previously enacted pieces of legislation and provides enhanced financial support for both individuals and businesses suffering from the continuing COVID-19 pandemic. Tax policy is front and center, with a focus on getting money directly into the hands of millions of individuals and providing liquidity for small businesses. A summary of the Act’s business tax and other significant provisions follows, with more specific details to come. MORE.

Much (Illinois): CARES Act: Stock Buyback/Distribution Restriction

President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, 2020 in response to the economic impact of the COVID-19 pandemic. This analysis is part of a series of articles on the stimulus package. View other articles in the series on our Coronavirus Resource Page.

It is expected that the administrative agency responsible for implementing each section of the CARES Act will adopt administrative rules providing clarity on the various provisions. We will continue to provide updates as details become available. MORE.

Vorys (Ohio/Texas): CARES Act Extends Deadline for Payment of 2020 Employer and Self-Employment Social Security Tax

The CARES Act (the Act), which was signed into law by President Trump on March 27, 2020, dramatically extends the deadline for employers to make social security tax payments on 2020 payroll.  This deferral expands upon earlier Treasury announcements extending until July 15 the deadline for filing income tax returns and making payments of income tax (and, seemingly, self-employment tax) that would otherwise have been due on April 15 (see our March 23 Federal Tax Bulletin). MORE.

Vorys (Ohio/Texas): CARES Act Provides Health Care Industry Unprecedented Funding, Regulatory Flexibilities

Today, March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the Act or the CARES Act), the largest stimulus package in the nation’s history. Among other things, this wide-reaching law provides significant additional support to the health care industry inundated by the COVID-19 pandemic, primarily in the forms of new funding and regulatory relief. MORE.

Vorys (Ohio/Texas) Stock Market Downturn, Low Interest Rates Provide Perfect Opportunity For GRATs

As 3PLs adapt to the impact that COVID-19 continues to have on their business and as employers and employees adjust to teleworking, there are myriad employment issues and new laws that must be considered.  Among them are wage-hour laws under the Fair Labor Standards Act relating to employee compensation and teleworking and changes brought about by the Families First Coronavirus Response Act (FFCRA) relating to employee health and benefit. MORE.

Martí & Associats (Spain): Force Majeure

Amid the current international sanitary crisis due to Covid-19 and the State of Alarm declared in Spain we should review the concept of “force majeure”, which has become an unexpected protagonist these days. Despite that, the Spanish legislation does not contain any specific regulation.

This concept has been therefore developed by the Spanish doctrine and jurisprudence, defining force majeure as “an extraordinary event originated from outside, unforeseen and unavoidable even when applying utmost diligence”. MORE.

Bryan & Company LLP (Edmonton/Alberta): COVID-19: Employment Law in Alberta

 COVID-19 is forcing rapid action and changes in the legal and employment landscape in Alberta and we are receiving a large number of questions related to employment matters from our clients. This document is intended to provide high-level information regarding the changes to Federal and Provincial laws pertaining to protected leave and employment insurance (EI) and the very recent changes to the legislation. Note that we do not yet have the final legislation on many of these changes and that the below is based on announcements from government, which are occurring every few hours. This document only pertains to employees in Alberta. Please reach out to us if you have questions on employees in other provinces or federally regulated industries. MORE.

Much (Illinois): CARES Act: Health Care Provisions

The CARES Act includes hundreds of billions of dollars in funding to expand America’s health care infrastructure and to reimburse hospitals and other health care providers across the nation for supplies, staffing, new construction, and other expenses directly attributable the coronavirus outbreak (such as lost revenue from postponement of elective procedures). MORE.

Williams Parker (Florida): The Notice Required by the Families First Coronavirus Response Act is Now Available for Download

This afternoon the U.S. Department of Labor’s Wage and Hour Division made the Notice that employers covered under the Families First Coronavirus Response Act (“FFCRA”) are required to post available on its website. There is a special notice for federal employees.

In addition, clarification was provided on how to post notices if employees are working remotely, whether posting in other languages is required, and where to check for revisions to the notice. The following questions and answers address these and other questions that may arise regarding the posting requirement in the FFCRA. MORE.

Torkin Manes (Toronto/Ontario): COVID-19: Its Impact on Real Estate Transactions

Over the past few weeks and particularly over the last few days, our commercial real estate lawyers have been communicating with our clients and industry stakeholders with respect to the impact COVID-19 could have on their impending purchases, sales, financings, existing leases and ongoing real estate development projects.

While COVID-19’s effect on business continuity across the Province of Ontario continues to evolve hourly, we would like to take this opportunity to provide some guidance on these matters and to let you know what we at Torkin Manes are doing to attempt to minimize the impact of this global pandemic on our clients. MORE.

Lallemand Legros & Joyn (Belgium): Covid Ally – LLJ Labor and Data Protection

Following the appearance of COVID-19, the Belgian Data Protection Authority (DPA) has issued guidelines concerning the preventive measures taken by companies and employers to prevent the spread of the virus and the conditions under which personal data – in particular health data – may be processed in this context that we reproduce hereafter. MORE.

Smith Anderson (North Carolina): Shelter in Place

During the coronavirus (COVID-19) Global Pandemic, we have been engaged by clients faced with the threat of multiple competing orders at the state, county and city levels. Because of the Pandemic, each level of authority is able to create its own directives with the force of law prohibiting and requiring certain commercial conduct. Most businesses are surprised to learn that now they must look not only to the Governor, but to their county and city officials in the response to this crisis. MORE.

Edwin Coe LLP (England-Wales): Covid-19 – Recent UK Tax developments

As we continue to move through a prolonged period of uncertainty, the Government is continuing to introduce further measures to assist UK taxpayers. In his speech last Friday (20th March), the Chancellor Rishi Sunak announced a deferral of income tax ‘payments on account’ for self-employed taxpayers; which will be a welcome relief for many individuals. In the same week, HMRC issued an updated guidance note addressing the tax residency of individuals, and more specifically how Covid-19 will interact with the ‘exceptional circumstances’ guidance. MORE.

Ally Law Covid-19 News

Data privacy. Tax strategy. Contract negotiations. Employment matters. Trade concerns. Legal disputes…

In the face of the COVID-19 pandemic, you need answers to keep your business running during the crisis — and thriving after the battle is won.

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