Insights & News

COVID-19 RESOURCE CENTER

August 03, 2020

COVID-19 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

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

CARES Act:
WEBINAR REPLAY:
Stradley Ronon and the Main Line Chamber of Commerce | The CARES Act: What Businesses Need to Know
COVID-19 Disaster Relief Arrives for Private-Sector Retirement Plan Sponsors and Administrators
Retirement Plan Relief in the CARES Act
Weekend Update: CARES Accommodates Nonprofit and Religious Organizations
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:
Philadelphia City Council Proposes Emergency Housing Protections Legislation
UPDATED: Construction in the Age of Coronavirus
COVID-19 Closure Orders in Delaware, Maryland, New Jersey and Pennsylvania
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:
New Title IX Rules Issued by Department of Education
The First COVID-19 Tuition Refund Class Actions Have Been Filed
COVID-19: Responding to Requests for Tuition Refunds

Employment & Labor:
WEBINAR REPLAY:
Stradley Ronon and the Insurance Federation of Pennsylvania and the Pennsylvania Association of Mutual Insurance Companies | The COVID-19 Pandemic: Transforming the Employment Landscape
WEBINAR REPLAY:
Stradley Ronon and the Chamber of Commerce of Greater Philadelphia |
COVID-19: The Evolving Employment Landscape
WEBINAR REPLAY: Chamber of Commerce Southern New Jersey | Employment Issues Amid COVID-19
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

Environmental:
NJ Governor Signs Executive Order Extending Statutory Deadlines for Environmental Laws

Financial Services:
TALF 2020: Summary of Frequently Asked Questions and Revised Term Sheet
U.S. Treasury Secretary and Federal Reserve Announce Main Street Business Lending Program
TALF 2020: Summary of Revised Term Sheet and 1940 Act Considerations
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:
Business Interruption Insurance in the Face of a Global Pandemic: What Do Nonprofit Organizations Need to Know to Make Informed Decisions?
Consolidating Business Interruption Coverage Matters Is Neither Appropriate Nor Feasible
ATTENTION LENDERS: COVID-19 Take-Away Regarding Business Interruption Insurance
Business Insurance Considerations During the COVID-19 Pandemic

Intellectual Property:
IP Issues Prompted by the COVID-19 Pandemic
Copyright Protection Not Available for Georgia’s Annotated State Law Code
How Available Are Lost Profits as a Remedy for Trademark Infringement?
Thoughts on Applying to Register Trademarks for COVID, CORONAVIRUS, and CORONA

Investment Management:
Cord-Cutting: DOL Embraces Technology with New Retirement Plan Disclosure Safe Harbor
COVID-19 Disaster Relief Arrives for Private-Sector Retirement Plan Sponsors and Administrators
SEC Staff Previews Regulation Best Interest Examinations
COVID-19 Checklist & Considerations for Private Fund Advisers
PART 11: 1940 Act Issues to Consider During the Pandemic
PART 10: 1940 Act Issues to Consider During the Pandemic
PART 9: 1940 Act Issues to Consider During the Pandemic
PART 8: 1940 Act Issues to Consider During the Pandemic
PART 7: 1940 Act Issues to Consider During the Pandemic

PART 6: 1940 Act Issues to Consider During the Pandemic

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

Nonprofit & Religious Organizations:
Business Interruption Insurance in the Face of a Global Pandemic: What Do Nonprofit Organizations Need to Know to Make Informed Decisions?
Weekend Update: CARES Accommodates Nonprofit and Religious Organizations

Securities Litigation & Enforcement:
The Future is Here: FINRA Arbitrations in the Age of COVID-19 and Making the Most of Virtual Hearings

Tax:
District Court Holds Non-Willful FBAR Penalties Apply Per Report Not Per Account
IRS Issues Final QBI Deduction Regulations
IRS Provides Relief for New Markets Tax Credit Transactions
IRS Extends Tax Relief Deadline for Qualified Opportunity Zones
IRS Issues Guidance on Grantor Trusts Holding Real Property

District Court Finds FBAR Penalty Did Not Violate Eighth Amendment
IRS Issues Ruling on REIT Qualified Health Care Properties
IRS Modifies Exempt Bond Reissuance and Retirement Rules
IRS Loosens Safe Harbor for RIC and REIT Stock Distributions
DOL/IRS Extend Time Periods for Making COBRA and Other Elections
IRS Allows Faxed Tax Refund Claims Due to COVID-19
IRS Provides Relief to REMICs for Loan Modifications
IRS Issues Final Regs Explaining Hybrid Arrangement Rules
Retirement Plan Relief in the CARES Act
Update on COVID-19 Economic Impact Payments
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:
IRS Expands More Tax Deadlines Until July 15, 2020
Transferring Wealth During the COVID-19 Crisis
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

back to top