03/31/2020
NOTE—The Paycheck Protection Program Flexibility Act of 2020 amends the CARES Act and this article updates the information below>> click here to read more. The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was enacted and signed into law by the President on March 27, 2020. The principal program for small business economic… Read more »
03/31/2020
Are you stuck at home, isolated from the public, and your normal social interactions? Perhaps this would be a good time to review those old estate planning documents: your Will, Power of Attorney, Health Care Power of Attorney, and Advance Medical Directive. Do you have a Revocable Trust that needs to be updated? Have you… Read more »
03/30/2020
The increased limitations on day-to-day life resulting from efforts to slow the spread of COVID-19 have made previously routine regulatory compliance efforts more difficult. In some cases, regulated entities may find that they are unable to comply with certain requirements imposed by regulations, a settlement agreement, or a consent decree. For example, a hazardous waste… Read more »
03/29/2020
After a week of negotiations, Congress has come to an agreement on the text of a $2 Trillion dollar relief law. The CARES Act (the “Act”) promises aid to individual Americans, small businesses, hospitals, and large corporations. The President signed the bill into law on March 27, 2020. The major provisions of the law… Read more »
03/27/2020
Since our last posting, the impact of coronavirus on community associations has become real. Health and safety are paramount. While Association-related matters may seem trivial compared to a worldwide health crisis and corresponding job losses, basic business and operations must continue, albeit with new considerations. This supplements the prior article. Membership Meetings: Use of… Read more »
03/26/2020
To date, COVID-19 has led to the forced closures of many businesses and commercial spaces worldwide, both temporarily and permanently. While some can adapt and continue to work in safe numbers or controlled environments, others have been left with no alternatives, resulting in unemployed and unproductive workers and workspaces. So, what does this mean for… Read more »
03/26/2020
The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will offer multifamily property owners mortgage forbearance with the condition that they suspend all evictions for renters unable to pay rent due to the impact of coronavirus (“COVID-19”). The eviction suspensions are in place for the entire duration of time that a property… Read more »
03/26/2020
In addition to recent programs from the U.S. Small Business Administration (“SBA”), such as low-interest disaster loans, small businesses may benefit from amendments to the U.S. Bankruptcy Code, which became effective on February 19, 2020. The Small Business Reorganization Act of 2019 (the “SBRA”) is the new subchapter V to chapter 11 of the Bankruptcy… Read more »
03/25/2020
As we reported earlier, the FFCRA creates two paid leave requirements for employers. The law goes into effect on April 1, 2020, and remains in effect until December 31, 2020. Employers with fewer than 500 employees are required to post a notice to their employees alerting them of their rights under the FFCRA. The U.S…. Read more »
03/25/2020
As the spread of COVID-19 virus creates anxiety and uncertainty across the globe, it also creates new opportunities for cyber fraud. On Saturday, the United States Department of Justice (DOJ) filed a complaint for a Temporary Restraining Order in the Western District of Texas against defendant, “John Doe” who, according to the complaint, “acting alone… Read more »
