Recent COVID-19 Updates


Paycheck Protection Program Helps with Operating Expenses
March 30, 2020 | Bankruptcy | Corporate

The CARES Act, signed into law on March 27, 2020, contains a component that will quickly provide businesses with loans to compensate for lost revenues due to COVID-19.

The Paycheck Protection Program is making $349 billion available to small businesses that were operating as of February 15, 2020, and that have been impacted by coronavirus.

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Stimulus Package Includes Bankruptcy Updates

The Coronavirus Aid, Relief, and Economic Security Act(CARES Act), signed by President Trump on March 27, 2020, contains key changes to the Bankruptcy Code. The CARES Act and the previously enacted Small Business Reorganization Act (SBRA) will impact consumers and small businesses that have filed, or may be faced with filing, for bankruptcy relief in

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CARES Act Includes Behavioral Health and Substance Abuse Provisions
March 30, 2020 | Health Services

Several of the provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law on March 27, will help people with substance use disorders (SUDs) and the healthcare professionals who care for them. Congress has recognized that people with SUDs are especially vulnerable during the current public health emergency, and economic

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CARES Act Changes Privacy Rules for Substance Use Disorder Records
March 30, 2020 | Health Services

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law on March 27, made some substantial changes to the confidentiality rules for substance abuse and mental health records to bring them in line with HIPAA confidentiality rules. In addition, references to “substance abuse” have been updated to “substance use disorder.”

  1.  Patient
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New Law Allows Coronavirus Leave for Employees
March 30, 2020

The Families First Coronavirus Response Act (FFCRA), signed into law on March 18, provides for the right to two different types of leave: “public health emergency leave” under a section of the FFCRA called the Emergency Family and Medical Leave Expansion Act, and paid sick time under a section of the FFCRA called the Emergency

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NYS Halts All Non-Essential Construction
March 30, 2020

On March 27, New York Gov. Andrew Cuomo issued an order requiring all “non-essential” construction in the State to shut down, with the exception of (i) emergency projects necessary to protect the health and safety of building occupants; and (ii) projects that would be unsafe to shut down when incomplete, which may continue until they

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New York Halts All Non-Essential Construction

Amid the exponential increase of COVID-19 cases in the State of New York and, more specifically in New York City, Governor Cuomo today issued an order requiring all “non-essential” construction in the State of New York to shut down, with the exception of: (i) emergency projects necessary to protect the health and safety of building

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U.S. Dept. of Labor Provides Additional Guidance For Employers

As we have previously reported, on March 18, 2020 President Donald J. Trump signed the Families First Coronavirus Response Act (FFCRA). The FFCRA provides for two leave requirements arising in different portions of the Act:

  1. The right to Public Health Emergency Leave, which amends the existing statutory text of the Family and Medical Leave
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Remote Participation in Shareholder Meetings in the Age of Coronavirus
March 27, 2020 | Banking | Corporate | Health Services

UPDATE

After this article was published, New York Governor Andrew Cuomo issued an executive order clarifying this issue. According to the order, due to the coronavirus pandemic, until April 19, 2020, companies incorporated in New York are permitted to hold virtual-only shareholder meetings. The executive order temporarily provides relief from the portions of subsection (a)

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Laboratory-Related Provisions in the CARES Act

Several of the provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) passed by the Senate on March 25 relate to laboratory diagnostic testing for the COVID-19 virus.

Within Division A of the CARES Act, titled “Keeping Workers Paid and Employed, Health Care System Enhancements, and Economic Stabilization,” there are four sections

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CARES Act: Diagnostic Testing and Laboratory-Related Provisions
March 26, 2020

Several of the provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) passed by the Senate on March 25 relate to laboratory diagnostic testing for the COVID-19 virus.

Within Division A of the CARES Act, titled “Keeping Workers Paid and Employed, Health Care System Enhancements, and Economic Stabilization,” there are four sections

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FDA Reassures on Safety of U.S. Food Supply
March 26, 2020

Amidst concerns over the rapid spread of COVID-19, on March 24, U.S. Food and Drug Administration (FDA) Deputy Commissioner for Food Policy and Response Frank Yiannas issued a statement advising Americans that “there is no evidence of human or animal food or food packaging being associated with transmission of the coronavirus that causes COVID-19.” Yiannas noted

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The IRS’ Role in Providing Tax Relief to Those Affected by COVID-19
March 25, 2020 | Corporate | Health Services | Tax

Under the proposed Coronavirus Aid, Relief and Economic Security Act, Congress has tasked the IRS with overseeing cash stimulus payments to be made to taxpayers. In addition, last week, the Families First Coronavirus Response Act was signed by President Trump, permitting the U.S. Treasury Department, IRS and U.S. Department of Labor to jointly administer two

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IRS Provides Answers to FAQs Regarding COVID-19 Relief
March 25, 2020 | Corporate | Health Services | Tax

In an effort to provide as much timely guidance as possible, the IRS has created a Frequently Asked Questions (FAQs) site to address taxpayer questions and concerns with respect to recently promulgated Notice 2020-18. The Notice generally provided relief with respect to income tax return filings and payments and the FAQs serve to guide taxpayers

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NYS Offers Forbearance to Borrowers, NYC Allows Penalty Waivers

On March 21, 2020, Governor Cuomo issued Executive Order 202.9, which is in effect through April 20, 2020. The order provides financial relief to consumers and businesses with outstanding bank loans.

The order modifies subdivision two of Section 29 of the Banking Law to provide that it is an “unsafe and unsound” business practice if

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