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COVID-19 Legal Resources
Olshan Frome Wolosky LLP is gathering information related to COVID-19 issues and concerns to assist clients in navigating the national and New York states of emergency.
We will continue to prepare updates during this fluid situation. Clients and friends are encouraged to contact us with specific legal or operational questions or issues.
Showing 6 posts in Law.
Update On PPP Loans - Major Change to Employee Counting Rules and Due Date Extension
The Small Business Administration (“SBA”) issued important new guidance, changing the rules for counting employee towards the 500-employee limit and extending the due date for the repayment of Paycheck Protection Program (“PPP”) loans. This client alert explains the new guidelines and related considerations. Read More ›
COVID 19 Estate Planning Strategies
COVID‑19, and the immediate and prolonged response to it, has disrupted the economy in countless ways, many of them negative. However, here are some personal financial planning opportunities which may be attractive under the COVID‑19 cloud. This client alert describes four strategies that may be advantageous considering factors discussed within the alert. Read More ›
"Main Street” Loan Facilities under the CARES Act
On April 9, 2020, the Federal Reserve announced the details of a new program established under the CARES Act, the Main Street Lending Program, intended to assist small and medium-sized businesses impacted by the COVID-19 pandemic by making up to $600 billion in loans available for eligible borrowers. The program is designed for businesses with up to 10,000 employees or up to $2.5 billion in 2019 revenues. This client alert summarizes the terms of the loans available under this new program. Read More ›
Force Majeure? Contractual Performance During the Coronavirus Pandemic
Force Majeure? Contractual Performance During the Coronavirus Pandemic Read More ›
Navigating Defaults, Foreclosures, Evictions and Workouts in the Wake of the Coronavirus Pandemic
Olshan’s Bankruptcy and Financial Restructuring Group addresses pressing legal and practical issues stemming from the Coronavirus pandemic’s economic repercussions in this client alert. Read More ›
COVID-19, Business Losses and Risk Mitigation — Is Your Business Interruption Insurance Sufficient?
Will your business be impacted by the novel coronavirus called COVID-19? Although standard insurance coverage options may be limited, a thorough review of your insurance protection may reveal potential avenues for recovery. The client alert summarizes general business interruption and contingent business interruption insurance and suggests alternative paths to mitigate business risk. Read More ›