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.
Para muchos, el comienzo del mes es un punto de referencia para pagar sus facturas. Sin embargo, el Coronavirus, como bien sabemos, nos ha puesto todo al revés. Díaz Reus está aquí para ayudar a nuestros clientes a navegar por el mundo del COVID-19 a medida que las facturas están por vencerse, así como otras obligaciones.
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.
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.
By Nicholas Bangos, Of Counsel with Diaz Reus in Miami.
«Without this relief, many small businesses would find themselves unable to navigate through Chapter 11 due to the costs and complexity of confirming a plan.»
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…
La causa de fuerza mayor como efecto liberador de las obligaciones: Efectos jurídicos del SARS-CoV- 2 (Covid-19) en la República Dominicana
Por José Alfredo Rizek, Socio de Rizek Abogados, miembro de DRT International Law Firm & Alliance en la República Dominicana.
Por Tomás Villatoro, Socio de Ius + Aequitas, miembro de DRT International Law Firm & Alliance en España.
Javier Coronado, Abogado Asociado en Diaz Reus Bogotá: “Desafortunadamente, los criminales ven la emergencia internacional causada por el nuevo coronavirus como una oportunidad para aprovecharse de sus víctimas”.