The Coronavirus Aid Relief and Economic Security Act (the “CARES Act”) provides important public funding to small businesses. The following are some of the highlights of the Paycheck Protection Program (the “Program”) which is part of the CARES Act. This Program is an expansion of the Small Business Administration (“SBA”) 7(a) loan program. The available pool for these loans is $349 billion. Loans will be made on a first-come, first-serve basis, so businesses should apply as soon as possible. The information below is based on the Interim Final Rule promulgated…
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Civil Litigation
Presumption of Fraud Involving [Power of Attorney] Agent Trumps General Rule of Joint Account Donative Intent – IL 2nd Dist.
In Estate of Gerulis, 2020 IL App (3d) 180734, two siblings [Petitioners] sued their brother [Respondent] for allegedly looting their father’s [Decedent] estate to the tune of several hundred thousand…
Continue ReadingToday’s update includes the Governor’s most recent updates on child care programs, positive cases within the state, and school closures. Additionally, the update discusses the growing number of…
Continue ReadingToday’s update discusses the skyrocketing unemployment claims in the State of Missouri while touching on the federal government’s plan to increase unemployment funds in each state. Additionally, there is an…
Continue ReadingToday’s update discusses the Illinois Department of Labor’s decision on the WARN Act, the Illinois EPA’s work response, and essential manufacturers under current Illinois Executive Orders. Additionally, the…
Continue ReadingYesterday evening, the SBA posted an Interim Final Rule for the Paycheck Protection Program (“PPP”). This is not the final rule, but it provides changes to the Paycheck Protection Program…
Continue ReadingThe recently-reported sales of stock by several U.S. Senators following private briefings on the COVID-19 pandemic, apparently allowing them to avoid significant losses before the markets plummeted, have focused attention…
Continue ReadingCorporate & Commercial
Stark Law Waivers Issued During COVID-19 Pandemic
On March 30, 2020, Department of Health and Human Services Secretary Alex Azar issued blanket waivers to permit certain financial relationships and referrals that would otherwise be sanctioned by the…
Continue ReadingAccessing Financial Support – Guides for Belgian, Czech, French, Italian, Polish, Slovakian, and Spanish businesses
Our colleagues at the Restructuring GlobalView Blog have prepared guides to assist businesses in Belgium, the Czech Republic, France, Italy, Poland, Slovakia, and Spain to understand what financial support packages…
Continue ReadingSecond Circuit Holds that Registering to do Business in New York Under Section 1301 of the Business Corporation Law Does Not Constitute Consent to General Personal Jurisdiction in New York Courts
In Chufen Chen v. Dunkin’ Brands, Inc., No. 18-CV-3087, 2020 WL 1522826 (2d Cir. Mar. 31, 2020), the United States Court of Appeals for the Second Circuit held…
Continue ReadingPaycheck Protection Program Loan Applications are Opening Today – Eligibility for Small US Businesses Owned by Foreign Companies
The Small Business Administration (“SBA”) in its implementation of the CARES Act just released an updated loan application form for borrowers who want to avail themselves of Title I &ndash…
Continue ReadingIn recent remarks, the Chief Accountant noted that the Securities and Exchange Commission’s Office of the Chief Accountant (OCA) and other divisions within the SEC are monitoring the issues raised…
Continue ReadingThree weeks ago, as part of a Professional Liability Underwriting Society (PLUS) series of recorded discussions on the professional liability insurance implications of the COVID-19 Coronavirus outbreak, I participated in…
Continue ReadingEmployment & Labor
Georgia’s Shelter-in-Place Order imposes new restrictions in an effort to slow the spread of COVID-19
As COVID-19 continues to spread rapidly, with the number of confirmed cases in the U.S. well above 200,000, Georgia has now joined the growing number of states implementing statewide…
Continue ReadingThe Coronavirus Aid, Relief, and Economic Security Act known as the “CARES Act” passed on March 27, 2020 provides $2 trillion in financial relief to individual taxpayers and loans and…
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In the second of a series, our benefits team takes an in depth look at the provisions of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) affecting…
Continue ReadingSPB IN-DEPTH ANALYSIS: The Families First Coronavirus Response Act – Part One of a Five-Part Series (US)
During the second half of March 2020, the US Congress passed three landmark pieces of legislation addressing the COVID-19 (a/k/a novel coronavirus) pandemic. One of these was the Families First…
Continue ReadingThe COVID-19 pandemic is a public health and economic cataclysm, and few employers have been able to escape its impact on their business operations and employees. In their efforts to…
Continue ReadingOSHA Issues New Enforcement Guidance to Address the N95 Shortage During the Coronavirus Pandemic
Following up on its recent temporary enforcement guidance permitting suspension of N95 annual fit-testing for healthcare employers, on April 3, 2020, the Occupational Safety and Health Administration (OSHA) issued an…
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Technology
- USPTO Extends Trademark-Related Timing Deadlines under the CARES Act, as Other National Trademark Offices Extend their Timing Deadlines or Provide Notice of Delays
- The Geek in Review Ep. 73 – Heidi Gardner and Brian Stearns: Remote Collaboration from Tools to Psychology
- Are We Having Soviet Moments?
International
- USPTO Extends Trademark-Related Timing Deadlines under the CARES Act, as Other National Trademark Offices Extend their Timing Deadlines or Provide Notice of Delays
- Non-Essential Business Shutdowns Across Canada
- Paycheck Protection Program Loan Applications are Opening Today – Eligibility for Small US Businesses Owned by Foreign Companies