We have received many questions about aid to small businesses and non-profit organizations in the New York tri-state area. Below please find a compilation of Federal and state-specific resources that are available to assist eligible small businesses and non-profit organizations in the New York tri-state area related to the COVID-19 pandemic.
March 31, 2020
To assist clients in identifying issues they should evaluate in connection with their contractual obligations under English law in the face of the COVID-19 pandemic, Gibson Dunn lawyers in London have prepared a 4-Step Checklist and Flowchart to review and assess force majeure clauses.
March 31, 2020
In late March 2020, the Federal Reserve announced that it was delaying the effective date of its new framework for analyzing “control” under the Bank Holding Company Act by two quarters, to September 30, 2020.
March 31, 2020
In late March 2020, California Governor Gavin Newsom, the Los Angeles City Council, and Los Angeles Mayor Eric Garcetti each enacted significant new measures governing evictions for certain tenants who are unable to pay rent as a result of the pandemic.
March 31, 2020
Gibson Dunn lawyers discuss the impact of the COVID-19 pandemic and related government measures on potential False Claims Act enforcement activity in the years to come.
March 31, 2020
On March 29, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (“ CARES ACT”), a $2.2 trillion stimulus package designed to mitigate the effects of the novel coronavirus (“COVID-19”). The ACT provides, among other things, unprecedented economic assistance to millions of Americans and small and distressed businesses.
March 31, 2020
The COVID-19 outbreak has caused major disruptions in global economies, including to life sciences companies conducting clinical trials and manufacturing and marketing pharmaceutical products. Gibson Dunn lawyers note ten actions that life sciences companies may wish to consider in light of the pandemic.
March 30, 2020
Courts around the world have responded to the COVID-19 outbreak by delaying or suspending proceedings. Gibson Dunn lawyers outline key features of online arbitration and mediation options which are particularly attractive not only for times of calm, but particularly in times of crisis.
March 30, 2020
Governments of many EU Member States – as well as the European Commission - have announced special measures to support businesses affected by the COVID-19 pandemic. Gibson Dunn identifies some of the key fiscal measures being put in place by the governments of the UK, France and Germany to help companies manage their cash flows during these times.
March 27, 2020
Internal Revenue Service (“IRS”) Notice 2020-18, issued March 20, 2020, provides updated guidance on the extension of the April 15, 2020 U.S. federal income tax return filing and payment deadlines for individuals and corporations to July 15, 2020 as a result of the Coronavirus pandemic.
March 27, 2020
On Friday, March 27, 2020, Congress passed and President Donald Trump signed into law the third major piece of legislation intended to address the economic impact of the coronavirus (COVID-19) outbreak.
March 27, 2020
Gibson Dunn lawyers summarise key developments in UK employment law over the week of March 22 in response to the novel coronavirus (COVID-19).
March 27, 2020
The COVID-19 outbreak has caused major disruptions in global economies, including merger and acquisition activity. In response to the pandemic, we are seeing changes to the representation and warranty insurance (“RWI”) market. Specifically, RWI insurers are currently proposing certain exclusions from coverage with respect to COVID-19 risk and are requiring buyers to conduct focused diligence regarding the impact of COVID-19 on the target’s business.
March 27, 2020
On March 27, 2020, the New York State Empire State Development Corporation (ESD) revised its guidance for determining whether businesses are “essential” and therefore exempt from the in-person workforce restrictions under Governor Cuomo’s March 20, 2020 “New York State on PAUSE” Executive Order (EO 202.8), which requires that all non-essential businesses keep 100 percent of their workforce at home.
March 27, 2020
Gibson Dunn lawyers discuss the constitutionality of proposed and actual legislative and executive action during the COVID-19 pandemic.
March 27, 2020
As already described in Gibson Dunn's client alert of 20 March 2020, the European Commission (Commission) has announced that it will authorize the grant of State aid to the real economy for liquidity shortages and financial losses resulting from the COVID-19 outbreak in at least two ways.
March 27, 2020
Gibson Dunn lawyers discuss how the Small Business Administration provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as passed by the Senate on March 25, 2020, will impact businesses.
March 27, 2020
The UK Government has launched two funding mechanisms to assist firms with the potential impact of COVID-19 on their businesses: the Covid Corporate Financing Facility (CCFF) and the Coronavirus Business Interruption Loan Scheme (CBILS). Gibson Dunn lawyers provide an overview of the CCFF and CBILS and provides practical guidance as to how firms can make use of these facilities.
March 27, 2020
On March 25, 2020, the German Parliament (Bundestag) passed a far reaching rescue package to respond to the COVID-19 pandemic and its dramatic economic effects.
March 27, 2020
Partner Eduardo Gallardo discusses considerations for company boards related to shareholder rights plans, aka "poison pills, during the COVID-19 pandemic.
March 26, 2020