Tips for foreign-owned U.S. companies to reduce legal costs
and risks as recovery takes shape.
All companies large and small, domestic and international, have
been affected by the international Covid-19 pandemic. The pandemic
has caused extensive disruption to international travel and
commerce, led to delinquencies in rental payments and other debt
obligations, lay-offs, international visa and tourism restrictions,
and numerous other economic hardships.
In the United States, two rounds of Small Business
Administration
Paycheck Protection Program (PPP) loans have been granted to
many companies, including foreign-owned U.S. companies. In many
cases, the loans have been forgiven by the SBA and do not need to
Sacramento, Calif. (April 9, 2021) - As of July 1, 2020, "[e]very person who is an officer, member, responsible manager, or director of a corporation or limited liability company seeking licensure.
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As the market bounces back from the effects of the COVID-19
pandemic, government closures, and a recession, things are picking
up and getting busy in the commercial real estate industry. With
the first quarter of 2021 officially over, this article outlines
some of the most important real estate changes that have taken
place in 2021 so far and what may be coming.
All U.S. Markets
New 2021 Minimum Standard Detail Requirements for ALTA/NSPS
Land Title Surveys
Effective Feb. 23, 2021, the 2016 Minimum Standard Detail
Requirements for ALTA/NSPS Land Title Surveys (the 2016
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In a survey of cases in federal, state and bankruptcy courts,
commercial tenants seeking to delay or excuse the payment of rent
because of pandemic-related downturns in business sometimes looked
to the equitable doctrines of frustration of purpose and
impossibility for relief. Both of these doctrines allow for the
argument that a default is excusable under circumstances that were
unforeseeable to the parties at the time of the contract s
formation. While commercial tenants sometimes use these doctrines
in tandem, they are distinguishable in their underlying aims. The