In our most recent post, we addressed the New Jersey Legislature’s attempt to override terms and exclusions embodied in virtually all commercial Business Interruption Insurance policies including the “virus” exclusion and the requirement that the damage be attributable to a
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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COVID-19 Alert: Coronavirus Aid, Relief, and Economic Security Act
After protracted negotiations, Congress has reached an agreement with respect to the Coronavirus Aid, Relief, and Economic Security Act, commonly referred to as the CARES Act (the “Act”), an unprecedented stimulus package aimed at combating the economic impact of COVID-19…
COVID-19 Update: New Jersey Executive Order No. 110
Executive Order No. 107 (“Executive Order 107”) issued by Governor Phil Murphy on Saturday March 21, 2020 set forth a list of essential retail businesses that can continue to operate, subject to social distancing guidelines. On March 24, 2020, the…
COVID-19 Update: New York Residential Mortgage and Other Banking Relief
On March 21st New York Governor Andrew Cuomo issued an executive order which seeks to protect individuals who experience financial hardship as a result of the COVID-19 pandemic. The executive order does the following:
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My Restaurant Operations are Limited and Rent is Due. Now What?
As restaurants across the country are being forced to limit their services to takeout and delivery or worse, close their operations altogether, tenants are reaching out to discuss their options with April rent payments looming. Our initial response has been…
COVID-19 Alert: New York City Offers Small Business Assistance
As COVID-19 continues to negatively affect commerce around the country, there are different programs available to help businesses in need. In addition to the Small Business Association’s recent expansion of its Economic Disaster Loan Program (click here for more information…
Florida Issues Isolation/Quarantine Period for Travelers Looking to Escape Shelter-in-Place Orders from the New York Tri-State Area
On March 23, 2020, Florida Governor Ron DeSantis issued Executive Order 20-80. The Order directs all persons whose point of departure originates from the New York Tri-State Area (Connecticut, New Jersey and New York) and entering the State of Florida…
COVID-19 Update – Guidance on New Jersey Executive Orders 107 and 108
On Saturday March 21, 2020, Governor Phil Murphy issued Executive Order No. 107 and Executive Order No. 108, introducing additional protective measures amidst the evolving COVID-19 pandemic. For details, click here.
The State of New Jersey has since issued…
SBA Expands Disaster Loan Program for Small Businesses Impacted by COVID-19
In an effort to assist small businesses impacted by the Coronavirus, the Small Business Association (SBA) has recently expanded access to its Economic Injury Disaster Loan program for small businesses and private nonprofit organizations. Under the revised criteria, disaster assistance…
By Executive Order, New York State has tolled time limits for multiple legal deadlines through April 19, 2020
Specifically, time limits for commencing actions, filing notices, motions or other process or proceedings under any statute, local law, ordinance, order, rule or regulation, including but not limited to all time limits under the CPLR are tolled. The tolling period…