31 Mar, 2020 PMCCF, CPFF and CARES Act: summary of financial relief for the airline and air cargo industries By Brian Rance En-Min Chua Francesca Loreto Primary Market Corporate Credit Facility The Primary Market Corporate Credit Facility (“PMCCF”) serves as a funding backstop for...
30 Mar, 2020 CARES Act: Paycheck Protection Program briefing By Brian Rance En-Min Chua Francesca Loreto The Paycheck Protection Program (“PPP”) provides for loans to eligible recipients (see below) through June 30, 2020, with streamlined...
30 Mar, 2020 CARES Act: direct lending to SMEs briefing By Brian Rance En-Min Chua Francesca Loreto Financing under the direct loan program for medium-sized businesses, subject to the following considerations: Financing could be in the...
30 Mar, 2020 CARES Act: business tax provisions briefing By Brian Rance En-Min Chua Francesca Loreto Employee Retention Credit (Section 2301) The Act allows employers that qualify pursuant to criteria described below to take a credit...
30 Mar, 2020 CARES Act: financing briefing By Brian Rance En-Min Chua Francesca Loreto Loan and loan guarantees Program size Treasury Secretary authorized to make loans, loan guarantees, and other investments in support of...
27 Mar, 2020 Adequate assurance: how to know where you stand if contractual performance is in doubt By Timothy Harkness Companies facing increasing uncertainty about contractual performance have a tool that might bring certainty in uncertain times – a...
27 Mar, 2020 Considerations for boards evaluating the issuance of equity to the US government in exchange for aid By Ethan Klingsberg Paul Tiger Andrea Basham Tomas Rua +1 more... Show less Editor’s Note: This post, originally published on March 27, 2020, has been updated to reflect the final text of the Coronavirus Aid,...
25 Mar, 2020 A quick update on HIPAA developments in response to COVID-19 By Peter Jaffe In the midst of the COVID-19, what's happening with the US's main federal law on medical privacy, HIPAA? In Congress, the proposed CARES...
25 Mar, 2020 COVID-19: temporary suspension of New York statutes of limitations – UPDATED By Timothy Harkness Elena Hadjimichael In response to the COVID-19 pandemic, New York’s statutes of limitations have been temporarily suspended until April 19, 2020 by...
24 Mar, 2020 Coronavirus, force majeure and foreseeability: was the current pandemic foreseeable, and what would this mean for contract claims? By Timothy Harkness David Livshiz Christian Vandergeest For the vast majority of us, the speed and scope of the coronavirus pandemic came as a surprise. Only weeks ago, everything seemed...
24 Mar, 2020 COVID-19 concerns for borrowers and lenders: 11 points to keep top of mind for US financings By Madlyn Primoff Nathan Greenberg As the COVID-19 pandemic progresses, both borrowers and lenders will need to consider their rights and obligations under the financing...
23 Mar, 2020 Contractual issues raised by COVID-19 By Paul Humphreys As the fallout from the COVID-19 global outbreak will seemingly play out over the near term, contractual counterparties should first seek...