The Louisiana Tax Commission previously issued an advisory suspending hearings and extending property tax filing deadlines to April 13th to sync with the Governor’s Executive Order. Today, the Louisiana Tax Commission issued a revised advisory extending those deadlines to April
Bankruptcy
Global financial response to the COVID-19 crisis
We have launched our interactive cross-border guide to the financial support on offer to businesses during the COVID-19 crisis and considerations for banks, corporates and directors trading through the turmoil.
We also look at some of the issues being considered…
Fifth Circuit Rules that ‘Snap Removal’ of Cases to Federal Court is Proper
The Fifth Circuit issued an important decision on April 7, 2020, Texas Brine Company, L.L.C. v. American Arbitration Assoc. et al, No. 18-31184 (5th Cir. 2020). For the first time, the Court analyzed the propriety of “snap removals.” Those…
Third Circuit Ruling on Constitutional Authority of Bankruptcy Courts Can Provide Guidance for the Looming Wave of COVID-19 Cases
The economic fallout from the COVID-19 pandemic will leave in its wake a significant increase in commercial chapter 11 filings. Many of these cases will feature extensive litigation involving breach of contract claims, business interruption insurance disputes, and common law…
Property Tax Filing Deadline Extended to April 30, 2020
Governor John Bel Edwards has issued another Executive Order suspending legal deadlines as a result of the COVID 19 pandemic. This order is more comprehensive than prior orders. In Section 5, he extends deadlines in Title 47 (taxation) until at…
April 7, 2020 Update to CARES Act and Paycheck Protection Program
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What We’re Reading This Week [April 7, 2020]
Bloomberg reports that Quorum Health Corp., which operates hospitals in 14 states, filed for chapter 11 bankruptcy on April 7, 2020, as it grapples with the financial strain of COVID-19 coronavirus. The debtors have reportedly received commitments for $100 million…
Updates on the Affiliation Rules Applicable to the Paycheck Protection Program (Title I of the CARES Act)
On April 3, 2020, the U.S. Department of the Treasury (Treasury) and U.S. Small Business Administration (SBA) released further guidance on the affiliation rules applicable to the Paycheck Protection Program (PPP), as enacted under the Coronavirus Aid, Relief, and Economic…
April 6, 2020 Update to CARES Act and Paycheck Protection Program
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CARES Act: 12 Month Mortgage Forbearance
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