(English) The CARES Act Provides for an Emergency Grant and an Economic Injury Disaster Loan

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.

The Force Majeure Clause and COVID 19 in Pakistan Jurisdiction

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.

Peruvian report in the emergency declaration

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.

Corporate annual report filing extended until June 30, 2020

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.

The Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) and what it means for your business

The Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) and what it means for your business Today, the President signed into law the Coronavirus Aid, Relief and Economic Security Act (“Cares Act”), which provides non-recourse loans of up to $10,000,000.00 for eligible businesses which continued to pay salaries and other business expenses during the…