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Practice Industry: Real Estate & Construction, Taxation

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Leasing Considerations During COVID-19 Pandemic
Dykema, March 2020

The COVID-19 pandemic is having a wide-ranging impact on the U.S. real estate industry, particularly on the relationship between landlords and tenants. In order to better understand impending risks, both landlords and tenants should review their leases and insurance policies and consult real estate counsel before taking action. A sampling of leasing issues arising during the COVID-19 pandemic is set forth below...

Coronavirus: Buying and Selling Property in Times of Social Distancing
PLMJ, March 2020

There is expected to be a natural slowdown in the completion of real estate transactions in the coming weeks/months. The more immediate effects of the current situation, and of the administrative measures that continue to be adopted to control the pandemic, are especially reflected in relationships that have already been established...

Coronavirus: Impact on Town Planning Procedures
PLMJ, March 2020

In this context, general measures have been established that may have an impact on planning procedures that are underway and on town planning management decisions already issued...

COVID-19 State of Emergency Conditions in the Czech Republic
Kocian Solc Balastik, March 2020

State of Emergency Conditions What does "state of emergency" actually meanand what are the powers of the Government in the regard? Can someone claim damages incurred in relation to the state of emergency? State of Emergency With effect from 12 March 2020 at 2 pm, the Government of the Czech Republic (the “Government”) has declared astate of emergency for 30 daysfor the territory of the Czech Republic due to health threats related to the presence of coronavirus in the

Tax Measures Contained in Chilean Emergency Economic Plan to Face COVID-19
Carey, March 2020

Last Thursday, March 19, the Government of Chile presented an Emergency Economic Plan to combat COVID19, which contains various economic and tax measures that seek to provide greater liquidity to companies, SMEs and employees. From the tax perspective, the Emergency Economic Plan considers the following measures: Suspending the obligation to make Provisional Monthly Payments (PPM) for the months of April, May and June 2020...

Arendt Covid-19 Solutions - A Dynamic Platform, Gathering Answers to Your Most Frequently Asked Questions in Relation to the Ongoing Crisis.
Arendt & Medernach, March 2020

A dynamic platform, gathering answers to your most frequently asked questions in relation to the ongoing crisis. The content of this page will be continuously updated based on the latest news. Click here to access the Arendt Covid-19 Solutions Platform...

COVID-19: What Should Companies be Aware of in the Next Few Days?
Garrigues, March 2020

The global health alert triggered by the spread of the new coronavirus known as SARS-CoV-2, which causes the disease COVID-19, is creating great challenges for companies. Governments around the world are tackling the situation by approving drastic measures to try to mitigate the effects of the health crisis first and the economic crisis second...

Coronavirus - Assisted/Support Programs for the taxpayers
Ellex Klavins, March 2020

In light of the state of emergency declared in the in the Republic of Latvia as a result of the spread of COVID-19 infection, we have summarized the most essential issues in regards to the business support programs.The aggregated information is based on the Act on Measures for Prevention and Management of National Threats and Their Consequences in Relation to COVID 19 Proliferation, adopted on 20.03.2020 (available here)...

Measures under German Tax Law to Create or Preserve Liquidity
Heuking Kühn Lüer Wojtek, March 2020

Companies and taxpayers alike are experiencing massive liquidity shortages due to the far-reaching restrictions on the economy and on public life caused by the COVID-19 pandemic, or at least will be exposed to such a risk in the medium term. This forces them to examine, also in relation to taxes, how existing liquidity may be preserved or additional liquidity created. In addition, the question is how to deal with ongoing tax audits and what other procedural relief is available...

COVID-19 and Global Issues: A Contrarian's Solution to Construction Contracts?
Lawson Lundell LLP, March 2020

  For consideration by owners, contractors, suppliers, and project teams towards solutions on current and/or future projects. Global pandemic.  Oil trade war. Volatile FX Markets.  Market collapse?  East African locusts.  All of these global issues, and potentially others, will impact existing and new construction projects in Canada and the world over the coming months. However, a delay to a project does not always mean the project will inevitably cost more...

Second Dose of Medicine from Treasury for Coronavirus Relief
Dykema, March 2020

On Friday, March 20, 2020, the Department of the Treasury issued Notice 2020-18 (which supersedes Notice 2020-17 issued two days prior), postponing tax filing and payment deadlines for many taxpayers in order to grant some amount of relief to individuals and businesses amid the Coronavirus/COVID-19 crisis...

The new EU Legal Framework for State Aid to Support the Economy in the Current COVID-19 Outbreak: Flexibility and Efficiency
Gianni, Origoni, Grippo, Cappelli & Partners, March 2020

Following the publication of the proposal a few days ago, on 19 March the European Commission adopted the communication introducing a new temporary legal framework for State aid measures to support the economy in the current COVID-19 outbreak1. The last time the Commission had adopted a similar temporary framework was during the global financial crisis in 2008...

Breaking Tax News for 3/21/2020 - IRS Extends April 15 Payment and Filing Due Date Because of the COVID-19 Emergency
Haynes and Boone, LLP, March 2020

In IRS Notice 2020-18, the IRS extended the deadline for specified U.S. federal income tax payments and federal income tax returns due April 15, 2020 to July 15, 2020.IRS Notice 2020-18 supersedes IRS Notice 2020-17 which only extended the deadline for specified tax payments (see our prior coverage here). The extension applies to any person with a federal income tax payment and/or federal income tax return due April 15, 2020...

Federal Tax Relief Is on the Way: Notice 2020-17 Issued in Response to COVID-19
Dykema, March 2020

On Wednesday, March 18, 2020, the Department of the Treasury issued Notice 2020-17, postponing payment deadlines for many taxpayers in order to grant some amount of relief to businesses and individuals amid the Coronavirus/COVID-19 crisis. The Notice provides many taxpayers with the ability to defer federal income tax payments otherwise due by April 15, 2020, but does not postpone or alter the April 15 filing deadline or estimated payments due June 15, 2020...

A ‘Healthy’ Approach to Possible Commercial Lease Defaults in the Age of Coronavirus (COVID-19)
Verrill, March 2020

As COVID-19 cases mount across the country, the inability to perform commercial lease obligations due to unforeseen circumstances has moved to the forefront. In contract-speak, unforeseen circumstances that lead to non-performance by a party are known as “force majeure” events...

Construction to Continue For Now Following Governor Newsom’s "Stay at Home" Order
Hanson Bridgett LLP, March 2020

  On March 19, 2020, California Governor Gavin Newsom and the Director of the California Department of Public Health ordered all Californians to stay home, “except as needed to maintain continuity of operations of the federal critical infrastructure sectors.” The order provides that the State Public Health Officer “[m]ay designate additional sectors as critical in order to protect the health and well-being of all Californians...

UPDATED: Important Shelter-in-Place Exceptions for Some Construction Activities
Hanson Bridgett LLP, March 2020

Many jurisdictions in Northern California and throughout the State have ordered individuals who live in those communities to shelter in place to slow the spread of COVID-19. In addition, all businesses except for “Essential Businesses” have been ordered to close. Certain construction activities, however, are exempt from the Shelter-in-Place orders, including housing projects and public works...

US Extension of Individual and Business Tax Filing Deadline to July 15
Dinsmore & Shohl LLP, March 2020

U.S. Treasury Secretary Steven Mnuchin announced Friday on Twitter that the U.S. will extend the tax filing deadline of April 15, 2020 for 2019 individual and business tax returns until July 15, 2020. Earlier this week, the Internal Revenue Service announced that the payment deadline for any 2019 individual income tax due, including 2020 first quarter estimated payments due April 15, 2020, was deferred until July 15, 2020...

State of Catastrophe and Economic Measures Announced in Chile
Carey, March 2020

We invite you to read our news alert about the State of Catastrophe declared by the Chilean government and the economic measures announced today by the country's Ministry of Finance to face the covid-19 pandemic. A) State of Catastrophe is declared in Chile: Below, please find a summary of the main consequences of the “State of Catastrophe” decreed by H.E. the President of the Republic of Chile: I. Background. On 18 March 2020, H.E...

COVID-19: Update on Law Decree No. 18 of 17 March 2020 Tax Support Measures
Gianni, Origoni, Grippo, Cappelli & Partners, March 2020


COVID-19: Update on Law Decree No. 18 of 17 March 2020 Businesses Support Measures
Gianni, Origoni, Grippo, Cappelli & Partners, March 2020

In response to the severe public health emergency and the economically-damaging nationwide confinement measures triggered by the Covid-19 (“Covid-19”) outbreak in Italy, on 17 March 2020 the Italian government has adopted Law Decree #CuraItalia1 (the “Decree #CuraItalia”)...

IRS Extends April 15 Payment Due Date Because of the COVID-19 Emergency
Haynes and Boone, LLP, March 2020

In IRS Notice 2020-17, the IRS extended the deadline for certain U.S. federal income tax payments due April 15, 2020 to July 15, 2020, up to certain limits depending on the taxpayer. IMPORTANTLY, as of now,this extension does not apply to the filing of any tax return or information return.All tax returns and information returns due on April 15, 2020 are still due on April 15, 2020 unless the due date is extended as provided by law...

COVID-19 in Ukraine: Options to Postpone Tax Payment and other Fiscal Measures
Asters, March 2020

  On 18 March 2020, the President of Ukraine signed a new law that introduces social tax, land, and property tax incentives during  the quarantine period to include tax exemptions, postponement of tax audits and possibility to postpone tax payments. By possibility of postponement we mean that statutory deadlines for payment are not changed, but payment can be delayed with no penalty and interest...

COVID-19 Realty Bites - After Drop in Sales, Will COVID-19 Lead to Eviction of Retailers from Malls?
Kochhar & Co. Advocates & Legal Consultants, March 2020

Tips on how to mitigate losses: Mall Leases: Mall leases have ceased to be in the nature of a tenancy agreement. The clauses are no longer limited to availability of the premises, rent, lock-in period, repairs, and exit. Mall owners have come to impose sale targets on the retailers operating from their malls. Rent consists of both a percentage of the revenue earned by the retailer as well as a fixed monthly payment...

SCOMET UPDATE: Implementing Global Authorization for Intra-Company Transfers ('GAICT') of SCOMET Items/Software/Technology’ w.e.f. 17 March 2020
Kochhar & Co. Advocates & Legal Consultants, March 2020

This is an update with respect to notifying the proforma of applications and End Use Certificate for implementation of ‘Global Authorisation for Intra-Company Transfers (GAICT) of SCOMET items / software/ technology’ w.e.f. 17 March 2020 vide Public Notice No.65/2015-20 dated 17 March 2020 issued by DGFT.   The proforma and their applicability to seek export authorisation has been notified as tabulated below.......   S...



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