News

COVID-19 and U.S. Statutes of Limitation

By EsqSocial Corporation 26/03/20

At the federal and state levels, there have been calls to suspend statutes of limitations during the COVID-19 outbreak. A number of states have already acted, but state approaches vary and are open to future changes as the challenges of the pandemic...

Coronavirus: Identifying Essential Activities and Businesses under Harris County Stay Home Order

By EsqSocial Corporation 26/03/20

A large number of Texas' biggest urban cities and counties are ordering residents to stay indoors and work from home. On March 24, Harris County Judge Lina Hidalgo, in a joint press conference with City of Houston Mayor Sylvester Turner, issued a...

Washington and Connecticut Issue COVID-19 Related Advisories Permitting Certain Mortgage-Related Business to be Conducted From Home

By EsqSocial Corporation 26/03/20

Both Washington and Connecticut state agencies have issued advisories regarding the COVID-19 outbreak, permitting certain licensed mortgage business operations to further avoid the risk of virus exposure by having employees work at home.  These...

CARES Act Would Expand Retirement Plan Access impacted by the Coronavirus Pandemic

By EsqSocial Corporation 26/03/20

The proposed Coronavirus, Aid, Relief and Economic Security Act (“CARES ACT”) would, if enacted, provide legislative relief to participants impacted by the Coronavirus pandemic. This relief is expected to be agreed upon and enacted – although likely...

Does Your Force Majeure Provision Extend to the Coronavirus? (Updated)

By EsqSocial Corporation 26/03/20

The coronavirus has caused unprecedented business disruptions on a global scale. Our Litigation Group diagnoses the problem and discusses how the ramifications could trigger force majeure provisions in your contracts....

Tackling the COVID-19 Crisis – 10 Tips for Commercial Lenders

By EsqSocial Corporation 26/03/20

The declaration of the surge in cases of COVID-19 aka Coronavirus as a global pandemic appears to have caught many people off guard. Governments, businesses, and individuals seem largely to have been unprepared to handle the early days of this public...

Mortgage Servicing in the Time of COVID-19

By EsqSocial Corporation 26/03/20

The announcement last week by Freddie Mac, Fannie Mae and other agencies that they will provide mortgage loan forbearance arrangements for up to 6 months, subject to an extension of an additional 6 months, directly impacts mortgage servicers in two...

COVID-19: IRS Postpones Tax Deadline and Court and Agency Closures Will Delay Federal Tax Cases

By EsqSocial Corporation 26/03/20

Notice 2020-18 provides welcome economic relief from filing and payment obligations for certain federal income taxes; however, traps for the unwary exist. Tax Deadline – Key Points: ..On March 20, 2020, the Internal Revenue Service (IRS) issued...

Coronavirus (COVID-19): Material Adverse Effect and M&A Transactions

By EsqSocial Corporation 26/03/20

Acquisition agreements customarily address risk associated with significant downward changes to the target’s business prior to closing through a variety of provisions, including through the use of the “material adverse effect” or “material adverse...

AIM - Coronavirus preliminary accounts and other temporary measures

By EsqSocial Corporation 26/03/20

The London Stock Exchange has published Inside AIM on temporary measures to support AIM companies and nominated advisers (nomads) through the current challenges. It has also written to nomads on the publication of prelims, following the FCAs note on...

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