Alerts

In anticipation of the raft of earnings releases and analyst and investor calls that will take place in the next few weeks, the U.S. Securities and Exchange Commission (SEC) issued a public statement in which SEC Chairman Jay Clayton and Director of the Division of Corporation Finance William Hinman urge issuers to provide robust, forward-looking disclosures regarding the impact of COVID-19 in their upcoming earnings releases and analyst and investor calls.

The CARES Act authorized the Secretary of the Treasury to make up to $500 billion in loans, loan guarantees, and other investments for eligible businesses, States, and municipalities.

Below is a summary of the Main Street New Loan Facility and the Main Street Expanded Loan Facility, details of which were released by the Federal Reserve this morning. Arent Fox will continue to update, and expand on, this summary as more information becomes available.

The SBA has released additional guidance regarding the application of certain affiliate rules applicable to the PPP.

Last week, in Servotronics, Inc. v. Boeing Co., the Fourth Circuit became the latest United States Court of Appeals to allow Section 1782 discovery for use in private international arbitrations.

As recently as March 27, the WHO was stating on its website that there was insufficient evidence to suggest that the novel coronavirus was airborne except in a handful of medical cases, such as when intubating an infected patient.

Over the past month, states and municipalities have been issuing stay-at-home orders to slow the spread of COVID-19.

International Trade Partners Marwa Hassoun and Kay Georgi explain how FEMA’s new rule restricting the export of face masks, respirators, and other medical personal protective equipment works – how to get a license and what the penalties are.

The following chart has been compiled to provide New York employers with guidance as they weigh decisions about whether to approve an employee’s leave request(s) based on different common factual scenarios that may arise.

FEMA has exercised its delegated authority under the Defense Production Act to issue a temporary final rule to prohibit the export of five types of medical PPE that the US government previously identified as scarce and threatened material in the COVID-19 pandemic.

On April 7, 2020, the Council of the District of Columbia unanimously passed the COVID-19 Response Supplemental Emergency Amendment Act of 2020.

Massachusetts has amended its list of “COVID-19 Essential Services” and provided some additional guidance on its “Frequently Asked Questions” page.  The changes seem intended to clarify more businesses may remain open especially if they are important to the continued operations of an existing COVID-

The Supreme Court has stricken a federal statute that abrogated a State’s immunity from copyright infringement lawsuits.

On April 1, the U.S. Department of Labor (DOL) issued a press release announcing its publication of a Final Rule on the paid sick leave requirements and family leave requirements of the Families First Coronavirus Response Act (FFCRA).

Personal jurisdiction has always been a thorny and fact-specific topic in civil procedure. But the increasing complexity of transactions – development and manufacture of products across many borders, complicated chains of distribution, and the sale of products or services anywhere over the internet.

On April 6 the Small Business Administration (SBA), after consulting with the Department of Treasury, published a set of Frequently Asked Questions relating to the Paycheck Protection Program.

In this webinar, members of Arent Fox’s COVID-19 Task Force provide an overview of Force Majeure and Related Common Law Principles. This includes analysis of the enforcement of force majeure, issues surrounding neutralizing key clauses, and critical bankruptcy questions.

While the April 15 deadline for filing federal and state tax returns has been extended, the April 10 deadline to pay California property taxes without penalty will stand for most California counties.

To facilitate the importation of personal protective equipment (PPE) and other medical supplies responsive to the novel coronavirus disease (COVID–19) pandemic, the government continues to waive some tariffs, but balks on broad relief.

The BBB National Programs’ National Advertising Division (NAD) announced April 2, 2020, that it has launched a new fast-track challenge process called the Fast-Track SWIFT (short of Single Well-Defined Issue Fast Track) process.

In part two of our discussion, we talked with Aaron Jacoby and Oliver Spurgeon about how the new legislation is helping practitioners, including those on the frontlines fighting the pandemic.

Like new cases of COVID-19, the number of business interruption suits appears to be increasing exponentially. In the last few weeks, dozens of plaintiffs in at least six lawsuits across four states have sought insurance coverage for business losses associated with the COVID-19 outbreak.

On April 3, the Small Business Administration issued two additional rule updates affecting the Paycheck Protection Program.

What is the DPA? How has the administration used it in response to the COVID-19 crisis? What is the impact of the Administration’s DPA-related orders and memoranda? What about enforcement? What does it all mean for exporters?

In the true spirit of Arent Fox, we are working to be Smart in Your World as many of us are doing the best we can to stay safe in our own communities (i.e., social distancing).