CARES Act Paycheck Protection Program: What Small Businesses Need to Know April 21, 2020 Kris Bryant Andrew A. Freeman Alan M. Ruley COVID-19 Legal Insights This article was originally posted on March 30, 2020 and includes updates as of April 21, 2020. The economic fallout from the COVID-19 pandemic is impacting nearly all Americans. Small businesses and the individuals they employ are in critical need of assistance. The Paycheck Protection Program included in the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) became law on Friday, March 27, 2020. It aims to provide that assistance.
How to Maximize Paycheck Protection Program Loan Forgiveness April 7, 2020 Andrew A. Freeman Alan M. Ruley Kris Bryant COVID-19 Legal Insights On April 2, 2020, the Small Business Administration (“SBA”) published an interim final rule regarding the Paycheck Protection Program (“PPP”). Hours later on April 3, 2020, thousands of PPP loan applications were filed and businesses started to receive funds. Once PPP loan proceeds are received it is important for business to know what to expect and how to properly use those funds in a manner that will result in forgiveness of the PPP loan. There are at least three things a business obtaining a
Three Online Dispute Resolution (ODR) Options During the COVID-19 Crisis April 3, 2020 Robin J. Stinson COVID-19 Legal Insights Mediation & Arbitration Blog Given the COVID-19 crisis, North Carolina Chief Supreme Court Justice Beasley continued all Superior Court and District Court proceedings (with a few exceptions) until June 1. The Chief Justice and the North Carolina Dispute Resolution Commission (DRC) have further clarified that mediations fall within the definition of proceedings and are, therefore, also postponed. County Clerks of Court throughout North Carolina are postponing hearings and proceedings for varying lengths of time. North Carolina Appellate Court deadlines have now also been extended. Yet, legal disputes continue to arise.
Insurance Coverage for Coronavirus Losses April 3, 2020 Alan M. Ruley Allison Buckner Parker COVID-19 Legal Insights Insurance Recovery Introduction
COVID-19 Relief for Small and Midsized Businesses March 26, 2020 John A. Cocklereece, Jr. Galen G. Craun, III COVID-19 Legal Insights If you’re a small business owner, COVID-19 and the related fallout is likely crippling your business. You’re wondering how you’re going to pay the bills, including your employees. You’re not waiting for the government to act, but you’re hoping it does and fast. There is relief available and more on the way. The following programs could save small businesses on the brink.
Guidance on Families First Coronavirus Response Act March 25, 2020 Charlot F. Wood COVID-19 Legal Insights The U.S. Department of Labor (“DOL”) issued its “first round” of guidance on the Families First Coronavirus Response Act (“FFCRA”) on March 24, in the form of Q&A. The DOL indicated that it will be issuing additional guidance on a “rolling basis” to help people prepare for the law to go into effect on April 1, 2020. A model notice is expected to be published on March 25, and the DOL will also issue additional Q&A and fact sheets this week. A few key points from the March 24 Q&A:
NC Construction Companies: Where to Donate Masks March 25, 2020 Construction and Design Law COVID-19 Legal Insights As the coronavirus (COVID-19) continues to spread, medical systems are facing a shortage of protective equipment, including face masks. Businesses in certain sectors that also use masks — such as construction — are heeding the call by donating much-needed supplies to hospitals and health care systems.
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