This list is current as of April 14, 2020 (4:00 p.m. EST) and is and Update to an earlier Alert we posted on April 3rd. Please note that these closure orders are changing almost daily so please make sure you are checking the applicable state in question when considering a closure question.
To read the full text of this post by Duane Morris partner Brad Molotsky, please visit the Duane Morris Project Development/Infrastructure/P3 Blog.
With the COVID-19 pandemic continuing to overwhelm economies, a number of listed companies globally have already recapitalized through equity fundraising in the capital markets. New equity has helped these companies shore up their balance sheets and obtain liquidity. This Alert discusses equity fundraising options for listed companies in Asia and complements our prior Alert that discussed options for Asian companies to manage their outstanding bond liabilities.
To read the full text, please visit the Duane Morris and Selvam COVID-19 Resource Blog.
The coronavirus outbreak is having a significant impact on the global economy and markets. As the coronavirus sweeps around the world, emerging and frontier countries like Myanmar face more challenges.
To read the full text of this post, please visit the Duane Morris & Selvam COVID-19 Resource Blog.
The potential cost of business continuity losses is enormous. The Congressional Research Service issued a report to Congress on the financial impact to insurers for the cost of covering business interruption claims. The report explains that some industry sources estimate that the cost of covering business interruption claims ranges from $110 billion to $290 billion per month. In a more recent letter, insurance industry leaders explained, “recent estimates show that business continuity losses just for small businesses of 100 or fewer employees could amount to between $220 billion to $383 billion per month. Meanwhile, the total surplus for all of the U.S. home, auto, and business insurers combined to pay all future losses is only $800 billion.”
To read the full text of this post by Dominica Anderson, Philip Matthews and Daniel Heidtke, please visit the Duane Morris Insurance Law Blog.
Several cities in California have swiftly enacted emergency ordinances requiring private employers to provide public health emergency leave consistent with the federal Families First Coronavirus Response Act (FFCRA). The ordinances follow state and local proclamations of a public emergency and the increasingly robust shelter-in-place orders affecting businesses and individuals in response to the spread of the novel coronavirus COVID-19. We analyzed the San Francisco Public Health Emergency Leave ordinance and the FFCRA in recent Alerts. This Alert identifies developments in other California cities like San Jose, Los Angeles and Emeryville, as well as permissible uses of paid sick leave under the existing laws in Oakland, San Diego and Santa Monica for work absences that are related to COVID-19.
To read the full text of this Duane Morris Alert, please visit the firm website.
Note: This is an update to our previous Alert on this subject.
The SBA continues to clarify aspects of the Paycheck Protection Program. Effective on April 13, the SBA updated the original FAQs from April 3 to add question numbers 19 to 25.
To read the full text of this Duane Morris Alert, which discusses the new FAQs, please visit the firm website.
On April 3, 2020, the Office for Civil Rights continued its guidance on how institutions can implement distance learning while complying with federal civil rights laws. This guidance is timely because distance learning due to COVID-19 is redefining how most educational institutions operate. When all levels of academic institutions had to close their doors due to stay-at-home orders, many of them opened the proverbial window by turning to online education. Despite its increasing popularity over the past decade or so, distance learning remains an emerging landscape for many institutions as they navigate purchasing/installing new technology, implementing new methods of teaching, and ensuring connectivity with students. OCR’s guidance provides a roadmap to this new territory.
To read the full text of this post by Duane Morris attorney Bryce Young, please visit the Duane Morris UpdatED Blog.
By Sharon L. Caffrey, Jeffrey S. Pollack and Matthew Decker
The Federal Railroad Administration (the “FRA”) has recently issued regulatory guidance regarding safety precautions related to COVID-19 and whether employee illnesses must be reported under 49 C.F.R. Part 225. Continue reading “The FRA Provides Guidance on Best Practices and Reporting Cases of COVID-19 Among Railroad Employees”
New senior housing communities that opened just prior to the industry disruption wrought by the coronavirus pandemic are contending with partially empty buildings, residents in lockdown, increased spending on supplies and elongated lease timetables.
To read an excerpt of this article quoting Duane Morris partner John Robert Weiss, please visit the firm website. To read the full text, please visit the Senior Housing News website.
(This is the fifth in a series on the impacts of the coronavirus on employment and the workplace. Read part one, part two, part three and part four.)
On Friday, President Trump announced a task force on reopening the national economy. Also on Friday, several Governors, including California Governor Newsom, announced they were developing plans on state reopening processes and strategies. Continue reading “Reopening the Economy, Business Resiliency and Change”
