On April 27th, Governor Cuomo outlined a phased plan to re-open New York starting with construction and manufacturing. Based on CDC recommendations, once a region experiences a 14-day decline in the hospitalization rate they may begin a phased re-opening. The plan will be implemented in phases and will be based on regional analysis and determinations.
To read the full post by Duane Morris partner Brad Molotsky, please visit the Duane Morris Project Development/Infrastructure/P3 Blog.
Update to our post of 7 April 2020
As of 27 April 2020, Singapore has reported more than 13,000 cases and 12 deaths due to the COVID-19 pandemic. While the number of new cases in the local communities have started to level off, many of the new cases are unlinked, pointing to a larger, as-yet undetected reservoir of cases in Singapore. As such, there is the continued need to be vigilant in enforcing social distancing and isolation measures.
To read the full text, please visit the Duane Morris & Selvam COVID-19 Resource Blog.
With the enactment of the Paycheck Protection Program and Health Care Enhancement Act (CARES Act 2.0), agricultural businesses and farmers previously excluded from the Small Business Administration’s (SBA) Economic Injury Disaster Loan (EIDL) program are now eligible for EIDL grants and loans. Additionally, the U.S. Department of Agriculture’s newly announced Coronavirus Food Assistance Program (CFAP) offers aid to farms and certain livestock producers through direct payments and bulk purchases.
To read the full text of this Alert, which provides a brief overview of these new aid programs for the agricultural industry, please visit the firm website.
As a result of the disruption caused by the COVID-19 crisis, for most companies physical in-person board and shareholder meetings are currently not possible. However, companies will still need to pass board and shareholder resolutions, in particular in relation to specific actions aimed at responding to the COVID-19 crisis.
To read the full text of this post by Duane Morris partner Thomas Rainey, please visit the Duane Morris London Blog.
On 15 April 2020, the Singapore Mediation Centre (“SMC”) enacted Supplementary Rules for Electronic Adjudication Lodgment to provide for:
To read the full text, please visit the Duane Morris & Selvam COVID-19 Resource Blog.
On April 24, 2020, the casino industry received some much-needed good news from the Small Business Administration (SBA). Specifically, the SBA issued revised regulatory guidelines for the CARES Act’s Paycheck Protection Program (PPP) that now make PPP loans available to small gaming businesses previously precluded from the program because of restrictions on gambling-based revenue, but otherwise met the eligibility requirements.
To read the full text of this Duane Morris Alert, please visit the firm website.
The Department of Health & Human Services (HHS) has provided an omnibus advisory opinion in response to various requests for clarification of the scope of tort immunity provided by the declaration under the Public Readiness and Emergency Preparedness Act (PREP Act). The PREP Act declaration provides immunity from tort liability for various persons, products and activities in response to COVID-19, as explained in our March 17, 2020, Alert. The Coronavirus Aid, Relief and Economic Security Act (CARES Act) subsequently expanded these protections.
To read the full text of this Duane Morris Alert, please visit the firm website.
By Robert B. Hopkins, Carla N. Murphy and Allison M. Midei
On Friday afternoon, Maryland Governor Larry Hogan announced a three-stage plan to reopen the State called “Maryland Strong: Roadmap to Recovery,” which will gradually ease the current restrictions on businesses, congregate settings and social interactions. The plan is based on the recovery plans issued by the federal government, the National Governors Association, Johns Hopkins and the American Enterprise Institute. Continue reading “Maryland Governor Announces Three-Stage Plan for Reopening the State”
On April 23, 2020, the United States House of Representatives passed the Paycheck Protection Program and Health Care Enhancement Act (CARES Act 2.0), which, among other provisions, replenishes the funding for the Payment Protection Program (PPP) established by the Coronavirus Aid, Relief and Economic Recovery Act (CARES Act). The United States Senate previously passed CARES Act 2.0, and the bill is expected to be signed into law by the president shortly.
In addition, the Treasury Department released further guidance on the eligibility of companies for access to other funding sources with respect to PPP loans and clarified the need for borrowers to review the certifications in the PPP loan application.
To read the full text of this Alert, which summarizes certain key aspects of CARES Act 2.0 and related guidance, please visit the firm website.
In response to the COVID-19 pandemic, federal, state and local governments, through both legislative and executive means, have enacted or ordered a broad array of financial measures to mitigate the adverse economic effects experienced by businesses and nonprofit entities.
To read the full text of this Duane Morris Alert, which will identify and explain the economic programs established by both the federal government, the state of Illinois and the city of Chicago to help ease the financial effects of COVID-19, please visit the firm website.
