After a steady growth in revenue from Portuguese football, the 2019/2020 football season ended not only with the growth cycle of recent years, but also with a loss of 135 million euros, justified by the suspension of the II League and games behind closed doors.

The authorities responsible for the region of Azores, a Portuguese archipelago, imposed a mandatory quarantine of 14 days on arrival in the region, unlike the rest of the country where there is no mandatory quarantine. This region has been spared in this pandemic, with a very small number of cases - only 179 cases since the beginning of the pandemic, 144 recovered and 16 dead.

In the social and economic fallout from COVID, businesses are assessing how best to address their commercial relationships, especially where potentially insurmountable barriers to performance loom large.

The COVID-19 virus has ushered in unprecedented and challenging times for our country and our global community. Apart from these personal and social consequences, of course, the economic downturn is very real and upon us.

The IRS recently released Notice 2020-51, which provides further taxpayer-friendly guidance for the treatment of required minimum distributions paid from retirement accounts in 2020.