Coronavirus (COVID-19) Resource Center

  • 06.24.2020

    Paycheck Protection Program: More Interim Rules Issued by SBA
    New Rules to Align with the Flexibility Act; Implications of EID Loans for Payroll Costs
    On June 22, 2020, the SBA issued another set of interim final rules to conform earlier issued rules with the Paycheck Protection Program Flexibility Act of 2020 (the “Flexibility Act”). Specifically, these rules revise the interim final rules issued on June 1, 2020 regarding loan forgiveness and the SBA’s loan review procedures.

  • 06.17.2020

    EMPLOYEES COVID-19 RELATED COMPLAINTS IN NEW JERSEY
    What We are Seeing
    The pandemic brought pandemonium to many New Jersey workplaces. With the second largest outbreak in the country only behind New York, and being the most densely populated state in the country, New Jersey was hit particularly hard by the pandemic giving rise to a number of employee suits.

  • 06.17.2020

    COVID-19 "EZ" Loan Forgiveness
    New Forms for Paycheck Protection Program Loan Forgiveness
    The SBA has released a revised version of the previously issued Paycheck Protection Program Loan Forgiveness Application, updated to reflect changes effected by the Paycheck Protection Program Flexibility Act of 2020 (the “Flexibility Act”), enacted into law on June 5, 2020.

  • 06.11.2020

    Paycheck Protection Program: New Interim Final Rule
    New Set of Interim Final Rules Released as of June 11, 2020
    Please note that another set of interim final rules has been released, amending the first interim rules, for the Paycheck Protection Program, to reflect modifications effected by the Paycheck Protection Program Flexibility Act of 2020 enacted on June 5, 2020.

  • 06.05.2020

    CARES Act: Expanded Small Business Reorganization Act Can Assist Distressed Businesses
    On February 19, 2020, just a few months before the COVID-19 pandemic sent shockwaves throughout the business communities, the Small Business Reorganization Act (“SBRA”) became effective.

  • 06.05.2020

    Paycheck Protection Program: Congress Responds to Business Concerns Regarding Forgiveness Period
    Congress extends time for forgiveness
    On June 3, 2020, the Senate approved the Paycheck Protection Program Flexibility Act (the “Flexibility Act”), which purports, among other things, to extend the 8-week ‘covered period’, for the incurrence and payment of eligible forgivable costs and to reduce the 75% payroll costs requirement.

  • 05.28.2020

    Re-Opening New Jersey: Preparing a COVID-19 Preparedness and Response Plan
    As Employers look to reopen businesses that have been closed due to the COVID-19 Pandemic, it is crucial that they consider OSHA's guidance to develop a COVID-19 Preparedness and Response Plan.

  • 05.24.2020

    Paycheck Protection Program: Two New Interim Final Rules
    What will the SBA review? How does Forgiveness work?

  • 05.22.2020

    COVID-19 Amendments Affecting Permit Extension Act and Governmental Approvals Awaiting Governor Murphy's Signature
    As the Covid-19 pandemic continues to significantly affect all aspects of the real estate industry, the legislature of the State of New Jersey has passed amendments to the Municipal Land Use Law (the “MLUL”), codified at N.J.S.A. 40D:55-1, et. seq.

  • 05.21.2020

    Estate Planning Wealth Transfer in the COVID-19 Environment
    We would like to take a moment to emphasize that the current, challenging circumstances perversely present estate planning wealth transfer opportunities. These opportunities result from historically low interest rates, coupled with reduced asset values, which we outline in the following article.

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