More than 1,000 lawsuits on business interruption coverage have been filed since March 2020. Not surprisingly, among this slew of cases, we’ve seen mixed results on whether the coronavirus constitutes physical damage.
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But the great American spirit is and has always been about perseverance. As a nation, we prove time and again we are the “comeback kid”.
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Six months in, we are noting an uptick of mergers and acquisitions. At the apex of the pandemic, deal volume plunged by more than 50 percent compared to year-to-date activity.
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The pandemic has put far greater emphasis on the need for businesses to have exit strategies – particularly when the business has more than one partner.
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Hard as it may be to keep up the fight and police lax behavior, condominium and co-operative boards must remain steadfast in enforcing public health and safety rules.
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Mall owners nationally are embracing the idea of leasing vacant anchor stores to e-commerce entities like Amazon for fulfillment center or ghost kitchens.
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Never has it been more important to understand just what the language means, particularly when parsing the difference between indemnity clauses and insurance clauses in commercial contracts.
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Businesses should take proactive steps to stave off a new round of refund demands; it is imperative to review your standard contracts and adjust them as needed to shield against future liability.
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The corporate veil shields the personal assets of shareholders of a corporation (or members of a limited liability company (“LLC”)) from the reach of the business’ creditors, judgments, and liabilities
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businesses and places of employment should take the time to understand what safety measures they need to keep employees and customers safe, and more importantly, the legally defined difference between negligence and gross negligence.
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