In this installment of our series of 19-minute teleconferences on the impacts of COVID-19, leaders of our COVID-19 Task Force and Special Situations Team will discuss the issues facing lenders as they consider defaults and events of defaults (arising both because of COVID-19 and "wrapped-up" in the after-shocks of COVID-19). They will address the potential risks and consequences of providing (or not providing) notices of such defaults, accelerating loan obligations, and exercising remedies in light of limitations on courts in the wake of "Shelter-in-Place" and similar directives.
This document provides a general summary and is for information/educational purposes only. It is not intended to be comprehensive, nor does it constitute legal advice. Specific legal advice should always be sought before taking or refraining from taking any action.