If you missed the first batch of loans under the Paycheck Protection Program (“PPP”) and want to determine if you are eligible for the next wave of funding that is expected to be added soon, this is what you need to know. Not surprisingly, given this is a very sought-after program, PilieroMazza attorneys are fielding a lot of questions from firms wondering if they qualify for a PPP loan. There are several requirements that need to be considered when assessing eligibility . . . Read More
Nichole Atallah participated in a virtual town hall hosted by USAV to share information on all things COVID-19. Topics addressed include: Chief benefits of the Coronavirus Aid, Relief, and Economic Security (CARES) Act for small businesses Effect of shelter-in-place orders on Families First Coronavirus Response Act (FFCRA) paid time off and Family and Medical Leave Act (FMLA) leave How essential business designations affect employee access to the emergency paid time off and Emergency FMLA (EFMLA) benefits <br>
Jon Williams was recently featured in the Public Spend Forum webinar, “Force Majeure? Your Rights and Responsibilities as a Government Contractor Impacted by COVID-19.” With companies scrambling to interpret force majeure clauses within their commercial contracts in light of COVID-19, the session sought to answer the question: “What are the rights and responsibilities of companies in this current atmosphere, under their government contract terms?” A video with Jon’s comments is available below. He addresses the questions: In the federal contracting context, can you . . . Read More
On April 6, 2020, Governor John Carney of the State of Delaware issued the Tenth Modification of the Declaration of a State of Emergency for the State of Delaware Due to a Public Health Threat (the “Declaration”). The initial declaration was issued on March 12, 2020. Among other matters relevant as a result of the COVID-19 pandemic, the Declaration touches on a change in shareholder meetings related to publicly traded companies organized in the State of Delaware. In line with the social distancing principles adopted by all businesses, the Declaration allows the board of directors of companies that issued notices for . . . Read More
The outbreak of COVID-19 has rapidly increased demand for medical supplies and equipment such as N95 respirators, isolation gowns, isolation masks, surgical masks, eye protection, intensive care unit equipment, and diagnostic testing supplies. To address the resulting shortage, President Trump issued Executive Order 13909 on March 18, 2020, under the Defense Production Act of 1950 (DPA), authorizing the Department of Health and Human Services to prioritize orders for “health and medical resources needed to respond to the spread of COVID-19, . . . Read More
The Families First Coronavirus Response Act (FFCRA) went into effect on April 1st. That same day, the Department of Labor (DOL) issued temporary regulations to implement the new provisions of the Expanded Paid Sick Leave Act (EPSLA) and the Expanded Family and Medical Leave Act (EFMLA). The much-anticipated regulations generally follow the additional guidance provided by the DOL in the past few weeks. We previously wrote on the FFCRA on March 18, 2020 ( link ), and on the additional guidance . . . Read More
Kathryn Hickey, Chair of PilieroMazza ’s Business & Transactions Group , examines the CARES Act stimulus loans—including the Payroll Protection Program and the Economic Injury Disaster Loan—and what small businesses and their investors need to know in terms of eligibility requirements, the application process, affiliation concerns, loan forgiveness, and much more. Please visit this link to hear the full podcast. Please visit PilieroMazza’s COVID-19 Client Resource Center for more information on the CARES Act and other resources to help businesses survive this pandemic.
