While we await further guidance from the Treasury regarding PPP loan forgiveness, hopefully imminent, the SBA updated its FAQs this week by publishing FAQs # 46 and 47. FAQ # 46 should provide borrowers, together with their affiliates (if any), who received loans in the original principal amount of [...]
On May 6, 2020, the Treasury announced that the safe harbor period to return Paycheck Protection Program loans/withdraw applications that do not meet the economic need certification has been extended from May 7, 2020 to May 14, 2020. Here is the relevant Q and A from the SBA updated [...]
Our clients are pivoting creatively and with impact during this challenging time. Corporate catering company The Basil Tree is cooking and delivering meals to those struggling with food insecurity and quarantining due to COVID-19. Archstone proudly supports The Basil Tree in its campaign to help those in need. The Basil [...]
Brenda Ulrich is a featured speaker at the upcoming MCLE Intellectual Property Law Virtual Conference. The conference will cover trends and developments for IP counsel, business lawyers and litigators. Brenda presents a program entitled, "Copyright: The End of the Line." In the conversation, Brenda will cover a range of topics [...]
Yesterday, the SBA updated its Frequently Asked Questions offering guidance on, among other things, whether a business will be subject to a reduction in PPP loan forgiveness if the business attempts to rehire its employees but one or more employees declines to return to work. Here is the relevant Q [...]
Despite the difficult times we are enduring in our country, all of us at Archstone are lifted up by the creative and helpful things our clients are working on. A great example of this fortitude and positivity comes from the University of Vermont. Over the last few weeks, a team [...]
Last Thursday, April 23, 2020, the EEOC released the latest version of its guidance, “What You Should Know About COVID-19 and the ADA, the Rehabilitation Act, and Other EEO Laws.” The update addresses the question of whether an employer may administer a COVID-19 test to detect the presence of the [...]
Here’s an update on some guidance that came from the SBA yesterday and today. In an earlier email alert, we referred to this link from the U.S. Dept. of Treasury compiling the Paycheck Protection Program information, forms, guidance, and government’s answers to Frequently Asked Questions (FAQs) in one place. https://home.treasury.gov/policy-issues/cares/assistance-for-small-businesses [...]
Business Interruption Insurance and COVID-19 An emergency bill relating to business interruption insurance was proposed to the Massachusetts House and Senate on March 24, 2020. It would require insurance policies with business interruption coverage to cover losses due to COVID-19 and would preclude an insurer from denying a claim even [...]
For those of you interested in and/or pursuing Paycheck Protection Program loans authorized by the CARES Act, here is a helpful link from the U.S. Dept. of Treasury compiling the information, forms, guidance and government’s answers to frequently asked questions in one place. https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses Here are the specific links by [...]