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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
The legal landscape relating to the extraordinary measures taken in connection with COVID-19 is constantly changing. We will attempt to keep this page updated, but you should consult your attorney and tax advisor for the latest information. General: There are thousands, and perhaps millions of small businesses in your same situation. We expect there to… Read more »
The Department of the Navy leadership has noted the need to eliminate barriers impacting the performance of government contractors comprising the Defense Industrial Base. In a memo issued on 20 March 2020 (available here) the Navy’s Acquisition Chief, “Hondo” Geurts, directed the Navy’s System Commands (including NAVFAC, NAVSEA, NAVAIR, and MSC, among others) to implement… Read more »
