Let us take this opportunity to wish all of you a safe and healthy road through the ongoing pandemic we are all experiencing. These are unprecedented times and, first and foremost, please accept our wishes that we all weather this storm quickly and safely.
The pandemic, along with the legal issues we are seeing, are fast-moving and change on a daily and hourly basis. As the markets gyrate and government acts and reacts to an ever-changing health and economic crisis, we continue to track and analyze the evolving nature of the legal ramifications we are experiencing.
The following are some articles of interest pertaining to this crisis in particular and our industry in general. We will continue to monitor these events on a daily basis and disseminate information of interest as needed in the days and weeks to come. Issues of defaults, forbearance, force majeure, material adverse effect, notice requirements, consent requirements, business interruption insurance, rent holidays or deferrals, debt service deferrals, workouts, restructurings, constructive eviction, condemnation, impossibility or frustration of contracts and similar issues are at the forefront of everyone’s minds right now. As facts and circumstances evolve, undoubtedly there will be other issues to consider. While we will endeavor to produce written content for your consumption, please feel free to reach out to us to discuss these and any other issues which may arise.
And one more thing: trying times like these often remind us of our good fortune in the real estate, financial and legal communities. There are so many amazing charitable organizations that now, perhaps more than ever, need financial assistance to serve vulnerable clients. Think about making a difference.
Stay safe.
