Our COVID-19: Client Updates

March 30, 2020 COVID-19 Updates – Fast Facts – Loans Available from the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) By: M. Ari Storch and Shannon A. Byrne On March 27, 2020, President Donald Trump signed legislation commonly known as the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) intended…

March 26, 2020 Invoking MAC Clauses During the Pandemic By: Robert M. Berman and Craig A. Enck Although Material Adverse Change (“MAC”) clauses are quite prevalent in loan and financing documents, there is very little case law in Maryland dealing with the successful or unsuccessful enforcement of these clauses. With the current COVID-19 pandemic, we…

This article was originally published in the Journal of Tax Practice and Procedure, Volume 22, Issue 2. I. Introduction The coronavirus (“COVID-19”) has touched all our lives in a profound way. For the first time, we are experiencing stay in place orders, mandatory closing of nonessential businesses and extended periods of time in quarantine. The…

June 10, 2020 At yesterday’s press conference, Governor Hogan announced the next phase of the State’s re-opening plan, which includes the following (subject to further restriction by local government):   Subject to limitations (such as 50% capacity), restaurants will be able to re-open to in-door dining effective Friday, June 12 at 5 pm.  Outdoor pools…

May 15, 2020 Baltimore County recently unveiled a $10 mm program for small businesses to get up to $15k each in grants for covid-19. Eligibility requirements and link to apply are below. I don’t have any other information than what is below and/or on the website, but if you or clients/orgs have questions, between me…

April 14, 2020 Anne Arundel County has joined Prince George’s and Montgomery Counties in requiring workers and shoppers to wear a face mask in retail stores that remain open as essential businesses beginning Wednesday.  In addition, the new order requires the following: Limit customer capacity to 50% of normal capacity Maintain 6 feet between customers…

Changes Include Beneficial Payment Plan Options, Less Financial Disclosure for Many with Balances Due, and Ability to Delay Collection Actions This has been a difficult year for many American taxpayers.  In recognition of the job losses, business closures, and other uncertainties caused by COVID-19 and the related shutdowns, the Internal Revenue Service (“IRS”) has taken…

The U.S. Small Business Administration (“SBA”) recently released additional details relevant to those participating in the Paycheck Protection Program (“PPP”).  In particular, on October 26, 2020, the SBA posted a notice seeking comment regarding drafts or revisions of various forms to be used by the agency in reviewing both loan and forgiveness applications from the…

In Maryland, all real property is assessed to reflect updated market values on a triennial basis.  The location of the property determines the year in which specific real property is re-assessed.  An appeal of a proposed triennial re-assessment must be filed with the Supervisor of Assessments within 45 days of the applicable assessment notice; however,…

July 23, 2020 On July 23, 2020, the Board of Liquor License Commissioners for Baltimore City (BLLC) issued guidance concerning the prohibition on indoor consumption of alcoholic beverages and food at Restaurants and Bars, which is effective at 5:00 pm on July 24, 2020, in light of Mayor Bernard C. “Jack” Young’s Executive Order issued…