On April 24, President Trump signed into law the Paycheck Protection Program and Health Care Enhancement Act, which appropriates an additional $310 billion in funding to the Paycheck Protection Program (PPP) and an additional...more
4/29/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Federal Loans ,
Financial Stimulus ,
Paycheck Protection Program (PPP) ,
Paycheck Protection Program and Health Care Enhancement Act ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business
Recent published reports have identified dozens of public companies that have received Paycheck Protection Program loans. When PPP ran out of money, some of these companies attracted a great deal of public attention and some...more
On March 31, 2020, in response to concerns stemming from the coronavirus (COVID-19) pandemic, the Federal Maritime Commission (FMC) initiated Fact Finding Investigation No. 29, which is aimed at developing improvements to the...more
On April 13, 2020, the Antitrust Division of the Department of Justice and the Bureau of Competition of the Federal Trade Commission (antitrust agencies) released a joint statement affirming that they will protect competition...more
As previously reported, the Small Business Administration (SBA), in consultation with the Department of Treasury, has separately issued an interim rule on its affiliation rules and Frequently Asked Questions (FAQs) on the...more
4/15/2020
/ Affiliated-Business Arrangements ,
CARES Act ,
Coronavirus/COVID-19 ,
Federal Loans ,
Hotels ,
NAICS ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Restaurant Industry ,
SBA ,
SBA Lending Programs ,
Small Business ,
Waivers
Late on April 6, and during the day on April 8, 2020, the Small Business Administration (SBA), in consultation with the Department of Treasury, issued Frequently Asked Questions (FAQs) on the Paycheck Protection Program (PPP)...more
On Friday, April 3, 2020 the Small Business Administration (SBA) issued an interim rule on its affiliation rules to further implement the Payroll Protection Program (PPP) under the Coronavirus Aid, Relief and Economic...more
In this special weekend edition, Michael Schmidt hosts a roundtable discussion with 6 of his Cozen O'Connor colleagues to discuss frequently asked questions on the following issues: (1) labor and employment considerations;...more
4/4/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Family and Medical Leave Act (FMLA) ,
Healthcare ,
Medicaid ,
Medicare ,
Paid Leave ,
Presidential Elections ,
Primary Elections ,
SBA ,
Sick Leave ,
Small Business ,
U.S. Treasury
On Thursday, April 2, 2020 the Small Business Administration (SBA) issued a rule to implement the Payroll Protection Program (PPP) under the Coronavirus Aid, Relief and Economic Security Act (CARES Act). ...more
4/3/2020
/ Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Federal Loans ,
Financial Stimulus ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Tax Relief
Foreign investors in U.S. businesses take note: If your transaction is scheduled to close any time after November 10, 2018, new U.S. national security rules could result in delays or penalties for non-compliance....more
Cooperative agreements among liner shipping companies have existed in most trades for more than 100 years. Most major trading nations in Asia and the Pacific Rim have recognized the importance of these agreements to both the...more