Due to the COVID-19 pandemic, there has been a surging demand in legal representation. Attorneys are working around the clock to provide their clients with the help they need and to successfully navigate the many unknowns sparked by the spreading of coronavirus.
Recent conditions have led law firms to create multidisciplinary task forces to assist clients in taking the multitude of challenges posed by the pandemic.
At West Loop Law and the Law Office of Nhan Nguyen, MD, JD, our team of skilled Houston attorneys are helping others who are grappling with the significant consequences of COVID-19 on their daily operations, like those who are now being made to close their offices and have their workers operate remotely.
Many firms are preparing for the long-term economic impacts that will likely boost the demand for legal services as many are dealing with the aftermath of a depressed market.
Businesses & Workers Need Help Preparing for an Economic Downturn
We are all bracing for the growing possibility of a recession sparked from the coronavirus fallout, one that has the potential to last for some time.
Our team of Houston business interruption lawyers is prepared to help others recover. We can help clients with an array of issues, like addressing supply chain disruptions or guiding those dealing with out-of-court debt restructuring due to financial concerns.
Many organizations have claimed that the cancellation and postponement of major conferences, tradeshows, and other large events will also lead to legal work that goes beyond the coronavirus pandemic.
Companies are already taking action. Our offices have already received calls from many companies who need guidance on whether a pandemic can allow for contractual obligations to be voided and other pertinent business concerns.
Even after this crisis has ended, courts will likely still be handling a number of litigation disputes regarding the performance of contractual obligations to be excused during the health crisis.
Even in the finance industry, litigation is preparing for a steady stream of coronavirus-related cases. An anonymous representative for an international financial institution predicts that insurance-related disputes will likely experience a spike in the near future. In addition, a plummeting economy will lead to the generation of increased activity regarding bankruptcy and insolvency.
Historically, an economic downturn will likely lead to an increase in disputes, including litigation and in arbitration. This increase will lead to greater opportunities for litigation in the financial sector.
These issues can be overwhelming, and those struggling in the wake of the pandemic should consult with a qualified business interruption attorney at West Loop Law and the Law Office of Nhan Nguyen, MD, JD.
COVID-19 Business Support
Business owners who are struggling due to the COVID-19 pandemic need the help of an experienced legal team. The qualified Houston lawyers at West Loop Law and the Law Office of Nhan Nguyen, MD, JD, understand that we are all going through a difficult time, and we want to do what we can to help our community. Contact us today for a free evaluation if your business has lost more than $250,000, you are currently facing bankruptcy, or you’re having difficulties negotiating with the insurance company. Contact us today at 713-840-7200 to discuss your case.
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