Force Majeure

Please find the following article on Force Majeure provided by the legal firm, Valla & Associates: Majda BarazzuttiApril 6, 2020 Force Majeure Newsletter The COVID-19 pandemic has affected our economy in an unprecedented manner. The flow of commerce has suddenly slowed down, if not come to a complete halt, due to the epidemic in China, which has affected the chain…

Expanded Tax Deductions for Interest Expense Payments

Please find the following post regarding Expanded Tax Deductions for Interest Expense Payments under the CARES Act, from the law firm WithersWorldwide: Private Client Considerations: Expanded tax deductions for your interest expense payments with the CARES Act April 8, 2020 Tax Code Section 163(j) had long imposed limitations on certain corporate taxpayers' ability to take a tax deduction for certain…

The Paycheck Protection Program and Foreign Owned Businesses

Please find the following article (in English and Italian) provided by Hanz Chiapetta, a partner in the law firm of Lawtelier: If you are a US based business who has had to suspend, or reduce, operations as the result of the Coronavirus pandemic, financial aid is on the way to help you keep your employees and pay your bills. Foreign owned…

Nota dell’avvocato – Paycheck Protection Program & CARES Act

Vi preghiamo di leggere questo aggiornamento riguardante il provvedimento CARES Act e Paycheck Protection Program che ha scritto l’avvocato Andrea Fiocchi, Partner di Reinhardt LLP : 3 Aprile 2020 (3a Parte) Abbiamo i seguenti aggiornamenti per coloro che stanno avendo difficoltà a depositare la domanda di PPP con la propria banca:  BNB Bank Abbiamo parlato con BNB Bank (https://www.bnbbank.com/) pochi minuti fa.…

Lawyer’s note on the CARES Act and SBA Applications

Please see the interesting note on the CARES Act and SBA Applications, regarding Affiliations and Companies with over 500 employees, provided by Charles R. Bernardini, a lawyer from  Nixon Peabody, LLP, a law firm with whom we are acquainted. When applying for SBA CARES loan there is potential problem for groups with more than 500 employees. The CARES loan application…

COVID-19 Response: The Families First Coronavirus Response Act Passes, Creating Significant New Rights to Paid Employee Leave

Please see the interesting information provided by Lewis Brisbois Bisgaard & Smith LLP, a legal firm with whom we exchange business and technical support. The Families First Coronavirus Response Act was approved by the U.S. Senate and signed by President Trump on March 18, 2020 (the Act). The Act requires that covered employers grant up to 12 weeks of emergency family…

COVID-19 and Commercial Contracts

Dear All, Please find some insightful notes from a legal firm with whom we exchange business and technical support, Pavia & Harcourt LLP.   These are unprecedented times, and we know our clients have many questions regarding how to navigate the downturn in business due to COVID-19. We are here to discuss your particular issues with you at any time,…

Insurance and Coronavirus

Dear All, attached a very interesting note from an Esquire with whom we exchange business and technical support - by Antonio Valla, founder and President of Valla & Associates Most "business interruption" insurance policies require that there be a physical loss in order to trigger coverage. However, many "commercial property insurance policies" provide coverage for business income losses sustained when…