First and foremost, we wish our extended Cadwalader family good health and the psychological fortitude to make it through this trying time.

The COVID-19 pandemic is ushering in the most significant economic transformation since the 2007-2008 financial crisis. Market participants are rapidly shifting their strategies to unwind, work out, or otherwise address troubled assets and to explore new distressed investment opportunities that did not exist just a few days ago.

Meanwhile, legislatures and agencies are moving quickly to mitigate market disruption. Recent tax developments covered in this BrassTax issue include deferrals in tax deadlines and legislative proposals to roll back some of the measures introduced by 2017 tax reform.

We at Cadwalader are carefully monitoring the constant stream of news to keep you abreast of important developments and best serve you, our clients. Please reach out to me or any member of our team any time and let us know how we can help. 

Stay well.

Linda Z. Swartz
Chair, Tax Group