The SBA has recently issued guidance (the “Guidance”) attempting to clarify the affiliation rules related to the “Paycheck Protection Program” loan (“PPP Loan”) under the CARES Act. Businesses can generally apply for a PPP Loan so long as such applicant, combined with its affiliates, has 500 or fewer employees or qualifies under another SBA size...
On March 31, 2020, Gov. Baker revised the list of “essential” services in Massachusetts. The revised list (“Exhibit A”) can be found at: https://www.mass.gov/info-details/covid-19-essential-services. The criteria for establishing “essential” has, indeed, been drastically narrowed from the Exhibit A published on March 23, 2020. Residential construction and certain public works are still, however, considered “essential” if they...
Partridge Snow & Hahn Partner and Chair of the Employment & Labor Practice, Alicia Samolis, serves as a panelist at PBN’s Spring Health Care Summit on April 1st. Alicia speaks about the impacts the Coronavirus has had from the human resources and employment law perspective. The summit, which focuses solely on the Coronavirus pandemic, is...
On March 27, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The CARES Act benefits nonprofit organizations. The below summary contains highlights of several applicable provisions. Paycheck Protection Program: The Act provides $349 billion for paycheck protection loans, a new category of Section 7(a) SBA loans. Under the...
Many people in the construction industry believe the force majeure clause waives the requirement for making a claim for an extension of time. This belief, however, is incorrect at least under the A201. If your project is delayed by the coronavirus, you should review your contract to determine your obligations for perfecting force majeure claims....
501(c)(3) Nonprofit Organizations Update: CARES Act and Importance of Developing Comprehensive Charitable Giving Opportunities During COVID-19 Pandemic On March 27, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”). The CARES Act included provisions enhancing the opportunities for individuals and corporations to make charitable contributions. Under Section 2204 of...
The Rhode Island Veterinary Medical Association (“RIVMA”), the professional association for veterinarians with a membership of 250, will host a virutal town hall meeting on Thursay, March 26, 2020. The town hall meeting, lead by PS&H counsel Elizabeth Manchester, will focus on employment and operational issues for veterinary practices in light of the challenges of...
PS&H Partner Jim Hahn, a member of the firm’s Business and Banking & Financial Institutions Regulatory Compliance Practice Groups, was featured in the Rhode Island Lawyers Weekly recent article exploring “force majeure” clauses in contracts. Often considered part of a contract’s boilerplate language, the clause’s relevance has become the center of attention as the coronavirus continues to...
We are fielding a lot of inquiries from business owners, large and small, asking if their business interruption coverage will respond to losses caused by COVID-19 shutdowns. This advisory will not provide an in-depth analysis of coverage terms and conditions. Rather, it will provide some unvarnished and practical advice for businesses in need of guidance...
The Families First Coronavirus Response Act [FFCRA – House 6201] was signed into law the night of March 18, 2020 and goes into effect no later than April 2, 2020. The FFCRA is designed to provide paid leave, free testing, protect public health workers and various benefits to children and families under existing nutrition, food...
