The Eastern District of California, partly relying on California precedent interpreting the pollution exclusion, determined that COVID-19 did not constitute a ‘pollution condition’ in a pollution liability policy. Read more about this court case here: Vision Serv. Plan Plaintiff v. Illinois Union ...
Canada Emergency Commercial Rent Assistance (CECRA) The CECRA provides relief for small businesses experiencing financial hardship due to COVID-19 and offers forgivable loans to eligible commercial property owners. For more program details, visit the Canada Mortgage and Housing CorporationOpens a new...
COVID-19 Emergency Relief Package Signed Into Law On Monday, December 21, 2020, Congress overwhelmingly passed a $900 billion COVID-19 relief package and government funding bill, its second effort this year to bring much-needed aid to Americans struggling during the pandemic. The package includes...
The eviction relief is NOT rent forgiveness, and you still are obligated to pay your rent. But it does protect you from being thrown out of your rental house if experiencing hardship right now. Don’t simply skip your payment just because you won’t get kicked out on the street. That’s...
President Trump signed the latest coronavirus aid package into law Wednesday, March 18 evening. The Senate approved the new round of emergency funding Wednesday, March 18. The economic relief bill is the second such aid package in a matter of weeks. The legislation provides paid sick and family...
COVID-19 is changing life as we know it – affecting the way we live, work and play. As the pandemic continues to impact commercial real estate, tenants are exploring the possibility of rent relief and deferral. When these discussions and requests arise, Cushman & Wakefield’s agency leasing...
‘rescue’ phase of the pandemic, which focused on immediate protection of lives and livelihoods, 88 governments spent an estimated US$12 trillion on short-term relief measures11. The ‘recovery’ phase saw an additional US$3 trillion allocated to policies aiming to reinvigorate economies in the ...
We've helped our business Customers secure $8.45B in PPP funding, giving COVID-19 hotspots like New York, New Jersey, Pennsylvania and Florida the relief they need. For small, local businesses 90% of PPP loans went to companies with 25 employees or less, with an average loan size of $...
holding tenant’s rent obligation would be reduced on a pro rata basis in accordance with the decrease in revenues from its inability to offer on-premises dining.) (04/27/2020 Creditors’ Motion for Relief from Automatic Stay; 05/12/2020 Debtor’s Response; 05/26/2020 Creditors’ Repl...
Created in conjunction with the CARE Act, the Paycheck Protection Program is one of the largest small business relief bills ever passed by congress. The program is designed to encourage employers to retain their payroll during the crisis to help support the U.S. workforce and businesses in the...