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May 12, 2020
Q: “I own a business that has been significantly impacted. I do have commercial property insurance that provides for business interruption coverage, but I don’t know whether it covers this situation. How are insurance carriers in Illinois handling these claims, and what is the best way for me to proceed?”
Read MoreMay 12, 2020
Q: “I’m on my company’s re-opening team. In addition to all of the personnel challenges and considerations, we are focused on quickly making physical changes to the space before we allow employees back in. What things should we focus on first if we can’t focus on everything or do any sort of construction?”
Read MoreMay 12, 2020
Q: “What is the impact on Severance and Deferred compensation/Equity Incentive Arrangements?”
Read MoreMay 11, 2020
Q: “If a company obtains a PPP loan, is the company required to make offers to bring everyone back who was previously laid off and, if so, must you document the offer for re-hire?”
Read MoreMay 11, 2020
Q: “I am under contract to purchase commercial real estate that has tenants whose businesses have been impacted by the COVID crisis and the resulting economic conditions and restrictions. The economics of the transaction have so drastically changed (or will) that I want to terminate the agreement. I have significant escrow monies on deposit with the title company, and there is nothing in the agreement that specifically addresses this issue. Do I have any basis for terminating?”
Read MoreMay 11, 2020
Q: “What additional due diligence should we do now around a target company’s business continuity and crisis response plans? I imagine this sort of thing matters now more than ever.”
Read MoreMay 11, 2020