Insights & News

COVID-19 RESOURCE CENTER

April 03, 2020

 Stradley Ronon Corona Resource Center

Below are briefings from Stradley attorneys that discuss the impact of COVID-19 on a wide range of businesses. We are regularly monitoring federal, state and local government guidance and will provide regular updates to guide you through the changing business climate. Please click here if you would like to sign up to receive our briefings via email.

WEBINAR:
Employment Issues Amid COVID-19
Stradley Ronon and the Chamber of Commerce Southern New Jersey
Friday, March 27 | 11 a.m.
Replay Webcast

LATEST UPDATES:
Business
:
Coronavirus and Cancellations: What Your Organization Should Know

CARES Act:
Coronavirus Economic Stabilization Act of 2020 and Related Provisions
Summary of Tax Provisions in the CARES Act
CARES Act Summaries – Credit Reporting
CARES Act Summaries - Mortgages
CARES Act Summaries – Student Loans

Construction/Real Estate:
COVID-19 Closure Orders in Delaware, Maryland, New Jersey and Pennsylvania
UPDATED: Construction in the Age of Coronavirus
Congress Proposes Remote Notarization in Wake of COVID-19
Commercial Real Estate Finance Considerations in the COVID-19 Era
COVID-19 and Commercial Real Estate

Cyber & Privacy:
Cybercriminals Increase Attacks Amid COVID-19: Here’s What You Can Do to Strengthen Resistance

Education:
COVID-19: Responding to Requests for Tuition Refunds

Employment & Labor:
Frequently Asked Questions About the Paid Leave Provisions of the Families First Coronavirus Response Act
COVID-19 Impact on Pennsylvania Unemployment Compensation
COVID-19 Impact on New Jersey Unemployment Compensation
WARN Act, Layoffs and the COVID-19 Pandemic
COVID-19 Employee Temperature Screening Update

Financial Services:
Coronavirus Economic Stabilization Act of 2020 and Related Provisions
CARES Act Summaries – Credit Reporting
CARES Act Summaries - Mortgages
CARES Act Summaries – Student Loans
ATTENTION LENDERS: COVID-19 Take-Away Regarding Business Interruption Insurance
Government Agencies Propose and Consider Relaxed Banking Rules Amid Coronavirus Epidemic

Government & Public Affairs:
Pennsylvania Non-Life-Sustaining Businesses to Close

Insurance:
ATTENTION LENDERS: COVID-19 Take-Away Regarding Business Interruption Insurance
Business Insurance Considerations During the COVID-19 Pandemic

Intellectual Property:
Thoughts on Applying to Register Trademarks for COVID, CORONAVIRUS, and CORONA
IP Issues Prompted by the COVID-19 Pandemic

Investment Management:
COVID-19 Checklist & Considerations for Private Fund Advisers
PART 5: 1940 Act Issues to Consider During the Pandemic
PART 4: 1940 Act Issues to Consider During the Pandemic
PART 3: 1940 Act Issues to Consider During the Pandemic
PART 2: 1940 Act Issues to Consider During the Pandemic
PART 1: 1940 Act Issues to Consider During the Pandemic

Tax:
Summary of Tax Provisions in the CARES Act
Employer Tax Credits in Families First Coronavirus Response Act
IRS Issues COVID-19 Relief for High-Deductible Health Plans

Trusts, Estates & Personal Planning:
2019 Gift and Generation-Skipping Transfer Tax Returns and Payments Extended Until July 15, 2020
State Tax Return and Tax Payment Deadlines
Treasury Secretary Announces Three-Month Extension of April 15 Tax Return Filing Deadline
Treasury and IRS Delay Tax Payment Deadline by 90 Days


ADDITIONAL RESOURCES:


SERVICES:
Corporate & Securities
Contract
Finance
Insurance
Investment Management

Corporate & Securities

  • Contract interpretation issues, including MAE or MAC clauses and force majeure provisions
  • Virtual or hybrid shareholder meetings
  • Securities disclosures

Contract

  • Advise on legal aspects of event contract implications and options
  • Assist companies that are currently negotiating commercial agreements
  • Advise companies that are considering issuing force majeure notices as well as the companies that are receiving them, to review the relevant agreement together with a company's other material agreements to ascertain all rights and obligations under their various agreements, financing instruments and the applicable law

Finance

  • Advise on MAC (material adverse change) and reserve provisions in revolving credit agreements to determine impact on additional loan and other credit requests
  • Update diligence review to determine availability of insurance coverage for business interruption resulting from future events
  • Advise on governmental funding programs – timing, process and coverage
  • Prepare for impact/requests of related EBITDA add-backs in financial covenant calculations

Insurance

  • Advise insurers in response to state requirements and regulatory edicts related to the COVID-19 outbreak
  • Provide guidance to insurers and intermediaries on compliance and related issues during crisis
  • Advise insurers and administrators on billing, payments and telehealth related issues
  • Analyze insurance programs for businesses to discern coverage availability for business interruption losses, claims against directors and officers, and other corporate liabilities
  • Provide guidance on insurance program renewals and expansions

Investment Management

  • Advise investment companies and fund managers in connection with operational disruptions including:
    • In-person board meetings
    • SEC filings
    • Delivery of prospectuses and shareholder reports
    • Business continuity plans
    • Liquidity risk management
    • Valuation
    • Redemptions
    • Cybersecurity
    • Prospectus disclosures
    • Annual meetings
    • Exchange-traded funds
    • Money market funds
  • Advice in connection with "material adverse effect" (MAE) in agreements

Related Resources

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