News & Events
Coronavirus: Part IV – Business Interruption Claims for Faith-Based Organizations: Who Refills the Empty Collection Plates?
While politicians and business pundits debate about ways to salvage the economy with stimulus packages and the phased reopening of society, the pandemic has had a silent but devastating toll on faith-based organizations which have suffered a staggering decline in financial support. Even the most ardent believers, living with the fear of losing their jobs, find it hard to support their favorite faith-based organization to the same degree.
Coronavirus: Part II Update – Business Interruption Coverage Shocker: China Takes Lead While US Carriers Retreat
COVID-19 is clearly having, and will continue to have, a lasting impact on the securities industry. The pandemic has now negatively impacted almost all industries, some more than others. Airlines, hospitality, restaurant, oil, and general retail businesses have suffered inordinate losses. But just because the market at large has suffered, does not mean that you should have suffered comparably. In fact, depending upon your age, net worth, and risk tolerance, you may have needlessly suffered altogether.
Coronavirus: Part III – Is Your Securities Portfolio Safe from COVID-19?
COVID-19 is clearly having, and will continue to have, a lasting impact on the securities industry. The pandemic has now negatively impacted almost all industries, some more than others. Airlines, hospitality, restaurant, oil, and general retail businesses have suffered inordinate losses. But just because the market at large has suffered, does not mean that you should have suffered comparably. In fact, depending upon your age, net worth, and risk tolerance, you may have needlessly suffered altogether.
Coronavirus: Part II – Business Interruption Insurance, Am I Covered?
WILL BUSINESS INTERRUPTION INSURANCE COVER MY BUSINESS FOR LOSSES SUSTAINED FROM THE CORONAVIRUS PANDEMIC? This analysis begins, of course, with the assumption that you have an insurance policy which provides some type of “business interruption” coverage, either through the main policy, or an endorsement thereto, for business losses sustained from a covered event. If a policy exists which includes this coverage, interpreting the language in question will be critical. Sometimes the language is clear, sometimes not. Ambiguities in the policy are customarily construed against the insurance company.
Coronavirus: Part I – “Act of God?” or “Oh my God!”
As the world wrestles with the medical and social issues of how to deal with the COVID-19 pandemic, the legal and financial aftermath looms perhaps even larger. Eventually, medicine, governmental intervention, and the public spirit will defeat the disease hopefully within weeks or months, but the effects on our lives, businesses, and investments could last considerably longer. Byrd Campbell—whose motto “Byrd Campbell Means Business” embodies our mission—is a law firm dedicated to serving businesses. Already our clients have raised concerns about the unfolding but unfathomable consequences of how COVID-19 has turned or will turn their business lives upside down. Over the coming days, the firm will publish a series of blog posts addressing those issues looming on the horizon, identifying the points of consideration, and offering possible solutions. The first Byrd Campbell blog installment addresses the question:
No Cheeseburgers in Paradise: Byrd Campbell Battles with Iconic Margaritaville Resort
There's a legal battle brewing between one of the most recognizable faces behind the new $750 million Margaritaville Resort Orlando and its ownership group. Jim Bagley, the prominent developer of the 320-acre tourist destination in Kissimmee and officer with Ace Hospitality LLC, a vacation ownership management company and furniture provider for Margaritaville's vacation cottages, filed a lawsuit on Oct. 3 via Osceola County's circuit court alleging wrongdoings by several related entities as well as some that appear related to Boca Raton-based Falcone Group, the ownership entity of Margaritaville Resort Orlando.