The emergency spending bill signed into law on Friday contains several provisions related to retirement benefits. This article will discuss those provisions.
COVID-19 Emergency Spending Bill Retirement Benefits Provisions
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COVID-19 and Business Interruption Coverage: Pending Legislation
On March 23, we wrote about potential insurance claims arising from COVID-19 shutdowns and disruptions that businesses could assert under the business interruption coverage in their property damage insurance. Since then, bills have been filed in several state legislatures – including Ohio – that seek to ensure that this coverage exists.
Frustration of Purpose And Excused Contractual Performance After A Government Shut Down
By: William K. Flynn State and local governments are taking aggressive actions to contain the spread of the COVID-19 virus, including official and unofficial quarantines, “social distancing,” stay at home requirements, and cancellation of public events. I wrote the other day addressing the potential implications of a pandemic relative to negotiated force majeure provisions commonly …Read More
Ohio’s Temporary Open Meetings Act Amendments
On March 25, 2020, the General Assembly amended the Ohio Open Meetings Act in response to the COVID-19 outbreak (HB 197). This article details those temporary amendments.
A Message from Marshall K. Dosker, President, Strauss Troy
To all clients and friends of Strauss Troy:
We hope that you remain well during these challenging times. Like you, we at Strauss Troy have been busy preparing and planning for all aspects of this unprecedented event.
Family Law: Co-Parenting During COVID-19 Shutdowns
Effective March 23, 2020, Kentucky Governor Andy Beshear has ordered nonessential retail businesses to close beginning at 8 p.m. and Ohio Governor Mike DeWine has issued a shelter-in-place order to begin at 11:59 p.m.
Business Interruption Insurance Claims Arising from COVID-19
Most businesses have business interruption insurance that is one of the coverages provided in property damage policies. Business interruption coverage may or may not provide reimbursement for some of the losses sustained by businesses as a result of the coronavirus shutdown. This will depend on the exact language of the policy and the exact circumstances causing the business interruption.
Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount owed
The due date for filing federal income tax returns and making federal income tax payments due April 15, 2020 has been automatically postponed to July 15 2020.
Tax filing deadline postponed until July 15
This morning Treasury Secretary Mnuchin announced in a tweet that the filing deadline has been moved to July 15. Please check this page for updated information as it becomes available.
Force Majeure: Will COVID-19 excuse performance of your contract?
Added to to stressors faced by business owners or operators during this pandemic is whether they will be able to meet contractual commitments or expect return performance by counter parties. Looking past the current disruption in every corner of the economy, businesses are going to increasingly confront questions about force majeure and related contract concepts of impracticability of performance or frustration of purpose.