Coronavirus

CDC Issues Additional Guidance for Businesses on Reopening

05/22/2020Bibeau, Anne G.

Following the nationwide rush to reopen, the Centers for Disease Control (CDC) has issued decision trees for businesses to follow in deciding when to reopen and a brochure with detailed guidance for reducing the risk of infection in the workplace. Much of the information in these new CDC publications is similar to what the CDC… Read more »

PPP Loan Forgiveness Application

05/18/2020King, Ray W.

This Article is based on information available as of May 18, 2020.  The information is subject to change as additional guidance is provided. The SBA has now published its PPP Loan Forgiveness Application (SBA Form 3508) which can be downloaded here. The two steps you need to take to ensure that your PPP Loan is… Read more »

Additional guidance from the SBA on “available liquidity” element of certifications for PPP Loans – Safe Harbor extended to May 18, 2020.

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05/15/2020King, Ray W.

Since the passage of the CARES Act and the SBA completing the first round of PP Loans, companies have been dealing with an ever changing set of guidelines interpreting the eligibility requirements for a PPP Loan and the eventual forgiveness of the Loan.  Unfortunately, no clear guidance is yet available. On April 23, 2020, the… Read more »

COVID-19 and Retirement Plans – Partial Plan Termination Issues and New Fiduciary Relief

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05/13/2020Saffelle, Robert N.

Potential Partial Termination of Retirement Plan.  A partial retirement plan termination may occur when there is a significant reduction (generally more than 20%) in plan participation due to employer-initiated terminations or layoffs during the plan year.  If a partial termination occurs, affected participants (those who are terminated) become 100% vested in their plan benefit, even… Read more »

BRACE YOURSELF: Virginia Employers Should Prepare Now for an Onslaught of Litigation

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05/07/2020Bibeau, Anne G.

It is impossible to understate the magnitude of the change in Virginia employment law in 2020. Previously, Virginia had few employment laws and provided few employee rights. The General Assembly in 2020, however, passed several laws greatly expanding employee rights and providing new causes of action, and monetary damages, against employers. Businesses need to understand… Read more »

PPP Forgiveness When a Furloughed Employee Refuses to Return to Work

05/07/2020Bibeau, Anne G.

As widely predicted, the generous federal addition of $600 per week to unemployment benefits has created a perverse disincentive to work for some laid-off employees. Businesses are finding that, as they look to spend PPP loan proceeds by returning furloughed or terminated employees to work, some former employees prefer to remain out of work collecting… Read more »

The Impact Of Coronavirus On Virginia Community Associations – FAQs

05/05/2020Panagis, Kathleen W.

Frequently Asked Questions The information in this article is for general information about the topics discussed and is not legal or tax advice. Nor does any exchange of information associated with this article in any way establish an attorney-client relationship.   Which Executive Orders Impact Community Associations and What Do The Executive Orders Say? Executive… Read more »

Plan Now for Reopening Your Business

05/01/2020Bibeau, Anne G.

Governor Northam announced on May 4 that provisions of E.O. 53 that were to expire on May 7 have been extended to May 14. Beginning May 15, certain non-essential businesses that had been closed by E.O. 53 will be permitted to reopen under strict social distancing and disinfecting rules. E.O. 55, which is the stay-at-home… Read more »