Client Memos

  KEEPING YOU INFORMED… On April 14th, the U.S. Small Business Administration (the “SBA”) issued an interim final rule on the Paycheck Protection Program (“PPP”) as authorized by the CARES Act. You can find the interim final rule at: https://home.treasury.gov/system/files/136/Interim-Final-Rule-Additional-Eligibility-Criteria-and-Requirements-for-Certain-Pledges-of-Loans.pdf. Although the SBA has indicated that the funds available...

  KEEPING YOU INFORMED… New York State on “Pause” (Executive Order 202.18)Governor Cuomo issued Executive Order 202.18, which extends the provisions of Executive Order 202.14 by requiring the restrictions on in-person businesses and workplaces to continue through and including May 15, 2020, including the requirement that non-essential...

  KEEPING YOU INFORMED… On April 9, 2020, Governor Cuomo issued Executive Order 202.15 as part of the State’s ongoing efforts to combat the effects of COVID-19. The Order’s relevant provisions are explained below.Temporary Authorization to Hold Public Hearings Remotely or Otherwise Postponing Public...

  KEEPING YOU INFORMED… As part of the State’s ongoing efforts to combat the effects of COVID-19, Governor Cuomo signed Executive Orders 202.7 and 202.14. These Orders contain provisions permitting both the remote notarization and the remote witnessing of various estate planning and other legal documents. Together,...

KEEPING YOU INFORMED… Governor Cuomo issued Executive Order 202.14 extending the rules requiring non-essential businesses and not-for-profit entities (collectively, “businesses”) to continue their 100% reduced in-person workforce. The rules now remain in effect through April 29, 2020. Schools will also remain closed for student instruction through...

  KEEPING YOU INFORMED… On April 6, the U.S. Small Business Administration (SBA) released additional guidance on loans under the Paycheck Protection Program (PPP) authorized as part of the economic stimulus package pursuant to the CARES Act. The guidance, which can be found at sba.gov/sites/default/files/2020-04/Final%20PPP%20FAQs.pdf, is in...