On April 3, 2020, the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued General License 13E extending the deadline established by General License 13D for Nynas AB, a subsidiary of Petroleos de Venezuela S.A. (“PDVSA), to conduct certain transactions and activities otherwise prohibited under the Venezuela-related Sanctions. Originally, these transactions and activities had to be conducted before April 13, 2020. With General License 13E, OFAC’s authorization is extended through 12:01 a.m. eastern daylight time, May 14, 2020.
By Ricardo Abdala, Founding Partner of Abdala & Cía., member of DRT International Law Firm & Alliance in Chile.
Para muchas personas el comienzo del mes es un punto de referencia para pagar sus facturas. Sin embargo, la crisis del Coronavirus, como bien sabemos, nos ha puesto todo al revés. Por eso Díaz Reus publica esta guía con el propósito de ayudar a nuestros clientes en Estados Unidos a navegar por el mundo del COVID-19 a medida que las facturas están por vencerse, así como otras obligaciones.
Under the CARES Act, a small business can receive financial assistance by obtaining a loan under the Paycheck Protection Program (“PPP”) or by obtaining an Economic Injury Disaster Loan (“EIDL”). While a loan under the PPP may be preferable due to the forgiveness component, an EIDL still provides substantial relief to businesses economically affected by COVID-19.
Christian F. Schoepp, international consultant at Diaz, Reus & Targ: “The agreement offered current domestic bondholders of the so-called ‘trigger bonds,’ or the A2M2, the opportunity to swap those debts for new bonds maturing later…
DRT Attorneys Achieve Landmark Win for Chinese e-Commerce Businesses in Major Chicago-Based Federal Trademark Case
By Xingjian “Jeff” Zhao | Partner.
Amid recent, intensifying tensions between the U.S. and China, Diaz, Reus & Targ, LLP (“DRT”) secured an unprecedented win for six Chinese e-commerce businesses in a Chicago courtroom.
For many, the beginning of the month is a benchmark to pay their bills. However, the coronavirus has flipped the world as we all know it upside down. Diaz Reus is here to assist our clients navigate the COVID-19 world as bills and other obligations become due.
The Small Business Administration along with the U.S. Department of the Treasury recently determined the dates that eligible businesses are able to apply for loans under the Paycheck Protection Program. DRT is here to help businesses apply for a loan under the Paycheck Protection Program.
The outbreak of Coronavirus is having a significant impact of the global economy, as it has severely disrupted the demand-and-supply balance of the world and continues to paralyse businesses and economies worldwide. In light of this, this article will discuss the impact of Coronavirus on contracts and contractual arrangements between parties, with special emphasises on how it is viewed under Pakistani Law.
Due to the Emergency condition declaration and the suspension of all private and public economic activities, with the exception of the ones that are related to health and primary needs, and the quarantine for all the population in country, in order to prevent the propagation of the COVID-19, commercial and contractual relations have been affected. Companies and individuals have inevitably incurred in contractual breaches that would not occur in other circumstances.
(Español) This short article reviews weather it is possible to qualify the spread of the Coronavirus infection, and the introduction of related restrictive measures by Russian authorities, as Force Majeure circumstances under the Russian Civil Code, which supremely governs civil interactions among individuals, private entrepreneurs and organizations.
The Florida Department of State has extended the timeline for filing corporate annual reports until June 30, 2020:
Pursuant to Executive Order No. 20-52 and Department of State Emergency Order 2020-01, the time requirements for business entities to file annual reports are suspended and tolled until June 30, 2020. Any profit corporation, limited liability company, limited partnership or limited liability limited partnership annual report filing will have until 12:01 am Eastern Time on July 1, 2020, before a $400 late fee is assessed. Nonprofit corporations are not subject to the late fee.