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Treasury Finalizes Section 901(m) Foreign Credit Rules

On March 20, 2020, Treasury and the IRS released final regulations under Section 901(m). The regulations were published in the Federal Register on March 23, and generally apply to covered asset acquisitions (CAAs) occurring on or after that date....By: Fenwick & West LLP
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Fenwick & West LLP | Apr 03,2020 |

Construction is “Essential” in Louisiana

On March 22, 2020, the Governor of Louisiana issued a “stay-at-home” order in response to the COVID-19 pandemic, and not surprisingly, similar orders are being handed down by leaders across the nation. Under the Louisiana stay-at-home order, all...By: McGlinchey Stafford
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McGlinchey Stafford | Apr 03,2020 |

COVID-19: will State measures give rise to a new set of investment claims?

Governments around the world have responded to the COVID-19 pandemic with drastic, and at times divergent, measures that impact both the global economy at a macro level, and businesses in many sectors, at a micro level. Foreign investments are likely...By: Hogan Lovells
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Hogan Lovells | Apr 03,2020 |

Construction is Considered Essential in Many Areas of California But Not Without Restrictions

On March 19, 2020, Governor Gavin Newsom issued a stay-at-home order for the State of California that deemed construction workers to be “essential” and therefore exempt from the order (a full list of essential workers can be found here). Since then,...By: Greenberg Glusker LLP
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Greenberg Glusker LLP | Apr 03,2020 |

Satisfying “Commercially Reasonable Efforts” / “Best Efforts” Clauses In Today’s Environment

Over the past several weeks, the novel coronavirus (COVID-19) has upended the marketplace and imposed upon industries, companies, and their workforce new and often unanticipated challenges and delays. Many deal and commercial contracts contain...By: Goodwin
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Goodwin | Apr 03,2020 |

Minnesota Addresses How Its Construction Statute of Repose Applies to Condominiums

Courts often struggle with the question of when the statute of repose starts to run for construction projects that involve multiple buildings or phases. In Village Lofts at St. Anthony Falls Ass’n v. Housing Partners III-Lofts, LLC, 937 N.W.2d 430...By: White and Williams LLP
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White and Williams LLP | Apr 03,2020 |

Strategies to Help Mitigate the Immediate Impacts of the Coronavirus Shutdown on Automotive Suppliers

With backing from the United Autoworkers Union, General Motors, Ford and Fiat Chrysler (along with several other global OEMs) last week announced that they were suspending operations at all U.S. manufacturing facilities through at least March 30,...By: Foley & Lardner LLP
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Foley & Lardner LLP | Apr 03,2020 |

Essential Business Update: Construction

There has been a significant change regarding what construction is considered “essential” and may continue. Based on new language that we now have, companies that previously received specific approval of a construction project must reevaluate that...By: Bond Schoeneck & King PLLC
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Bond Schoeneck & King PLLC | Apr 02,2020 |

COVID-19 Impact on Hart-Scott-Rodino Process

In response to the disruption in the market as a result of COVID-19, the Federal Trade Commission (FTC) and Department of Justice (DOJ) have put in place a temporary e-filing system for the submission of filings under the Hart-Scott-Rodino (HSR)...By: White and Williams LLP
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White and Williams LLP | Apr 02,2020 |

Three Ways Antitrust Enforcement Has Changed Under Coronavirus, and One Way it Has Not

Amid the national coronavirus emergency, the antitrust enforcement agencies remain open for business. However, like the rest of these country, these agencies—the Department of Justice (DOJ) and Federal Trade Commission (FTC)—have been forced to...By: Foley & Lardner LLP
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Foley & Lardner LLP | Apr 02,2020 |
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