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UPDATE: SBA PPP “Safe Harbor” Period Extended Until May 14, 2020 and More Clarification on Counting Company Affiliates

This is a follow-up from our May 5, 2020 Newsletter update regarding the SBA PPP “safe harbor” period, which was originally set to expire May 7, 2020. Late yesterday, the Read More

Small Business Administration (SBA) Grants Safe Harbor Period for Ineligible PPP Borrowers to Return Money by May 7, 2020

One of the most appealing features of the PPP loan program was the ability to potentially obtain repayment forgiveness of the amounts used by recipients for qualifying expenses, including payroll Read More

Common Law Doctrines That May Excuse Performance Under A Contract in the Wake of the COVID-19 Pandemic

Introduction. In continuation of the firm’s earlier post discussing when a business can excuse or delay performance under certain contracts that cannot be honored due to the COVID-19 crisis, it is Read More

COVID-19 and Business Interruption Coverage

What is Business Interruption Insurance? The significant economic ramifications caused by the COVID-19 pandemic have called into question the applicability of “business interruption insurance,” which is usually part of a commercial Read More

COVID-19 and Force Majeure Clauses: Business Considerations

Individuals and companies who have entered into commercial contracts should engage legal counsel in asking the question: “is the severity of the COVID-19 outbreak and related economic ramifications so great Read More

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