As a result of the unprecedented health hazard posed by the Coronavirus disease (“COVID-19”) and the significant impact on the hotel and hospitality industry, the acting director of the New Jersey Division of Alcoholic Beverage Control (the “ABC”) has exercised his
Corporate Law
The Cole Schotz P.C. blog covers a range of corporate law topics including corporate transactions, bankruptcy and corporate restructuring, securities regulation, and digital assets such as cryptocurrencies and NFTs. It discusses regulatory compliance issues involving the SEC, CFTC, and IRS, as well as legal considerations for digital asset investments, initial coin offerings, and cryptocurrency payments. The blog also addresses real estate finance, litigation, employment, and intellectual property matters within the corporate context. It provides updates on legal developments affecting various industries and offers insights into the intersection of corporate law with emerging technologies and financial instruments.
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Further Florida Executive Orders in Response to COVID-19
Florida Governor Ron DeSantis has issued two further executive orders in the last seven days to address COVID-19. Executive Order 20-103 was signed on April 10, 2020 and extends until April 30, 2020 Executive Order 20-87, which had been issued…
Pennsylvania Supreme Court Deals Potential Blow to Insurance Carriers’ Basis For Denial of Business Income Claims
In a case where no insurance company or insurance claim was involved, the Pennsylvania Supreme Court issued a ruling that could potentially negate one of the insurance industry’s standard bases for denial of coverage of business income claims—i.e. that COVID-19…
SBA Guidance for Self-Employed and Independent Contractors
The Small Business Administration (“SBA”) has issued a supplemental Interim Final Rule (the “Rule”) providing additional guidance with respect to eligibility criteria under the Paycheck Protection Program (“PPP”). The Rule focuses primarily on qualified self-employed individuals as well as independent…
Business Interruption Insurance: Fed’s Propose Legislation
Following in the footsteps of numerous state legislatures that are attempting to compel insurance companies to retroactively cover COVID-19 related business income losses, the Federal government may be taking action. A discussion draft of a bill that would establish a…
COVID-19 Alert – CARES Act Provider Relief Fund
As part of the CARES Act, $100 billion of relief funds have been designated to assist hospitals and other healthcare providers on the front lines of the COVID-19 response. The funds are used to support healthcare-related expenses or lost revenues…
Substantial Changes to NY Essential Business Guidance
Major changes were made regarding what businesses are considered “essential”, through guidance issued April 9, 2020 by the Empire State Development Corporation. New additions to the essential business list are identified below, along with a few business categories that were…
Alert – Federal Reserve Launches Main Street Lending Program and Other Mid-Sized Business Assistance
As small businesses attempt to navigate the Paycheck Protection Program and other available federal relief, mid-sized businesses have awaited guidance on the Main Street Lending Program (the “Program”) and related corporate assistance programs targeted to mid-sized business enterprises, as initially…
Updates on Additional Florida Executive Orders in Response to COVID-19
Florida Governor Ron DeSantis has issued two additional executive orders during the week of April 6, 2020 to address COVID. Executive Order 20-95 was signed on April 6, 2020 and is directed to the issue of the payment of documentary…
Business Income Insurance Update: Not All Policies Have A Virus Exclusion
As states continue to limit business activities in an effort to flatten the curve, there has been a steady increase in insureds filing lawsuits against insurance carriers for loss of business income caused in some form or another by the…