10.20.2020Paycheck Protection Program Update: Where do you Stand? The SBA, in consultation with the Treasury, released a new interim final rule, to simplify loan forgiveness for certain borrowers of Paycheck Protection Program (“PPP”) loans. Specifically, the SBA has issued a rule that provides for a de minimis exemption from the full-time equivalent employee reduction penalty and the employee salary and wage reduction penalty for loans of $50,000 or less
04.21.2020New Law Allows Remote Notarization During COVID-19 PandemicOn April 15, 2020, New Jersey Governor Phil Murphy signed bill A-3903 into law. The new law allows for New Jersey notaries (or an officer authorized to take oaths, affirmations, and affidavits, or to take acknowledgements) to notarize documents virtually using audio-video technology, during the time of this public health emergency (as declared by the Governor in Executive Order 103 of 2020).
04.02.2020COVID-19: SBA Paycheck Protection ProgramThe Interim Final Rule (the “Rule”) pertaining to applications for the Paycheck Protection Program was released this evening, April 2, 2020.
03.24.2020New Jersey Employers Prohibited from Terminating Employees for Time Off in Connection with COVID-19On March 20, 2020, New Jersey Governor Phil Murphy signed Assembly Bill No. A3848 prohibiting employers from terminating, demoting or otherwise penalizing an employee for requesting or taking time off from work in connection with an infectious disease during the Public Health Emergency and State of Emergency declared in Governor Murphy’s Executive Order 103.
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