An increasing number of businesses — even those that have traditionally been financially and operationally sound — are now experiencing unanticipated revenue losses as a result of the coronavirus pandemic.  Companies may find themselves in the unfamiliar position of being out of compliance with financial covenants with lenders, unable to meet financial obligations to vendors, in default of contractual obligations, or in need of financial or restructuring/bankruptcy assistance.  If your company has not previously experienced financial distress, you may not...

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Both the European Securities and Markets Authority (ESMA) and the Luxembourg financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), are closely monitoring the COVID-19 situation and have issued recommendations for fund managers. Facilitate the possibility to work remotely The CSSF recently issued a statement emphasizing that financial sector professionals should take reasonable and appropriate measures to ensure the safety of their staff. It is therefore acceptable, as a precautionary measure, to allow employees to work remotely from home, provided...

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In a very short period of time, the unprecedented coronavirus (COVID-19) pandemic has created extremely difficult economic circumstances for businesses of all shapes and sizes. Federal, state and local governments have moved swiftly to roll out assistance programs to help keep businesses afloat in these trying times. Although there are more programs to come, below is a summary of the existing loan and grant programs of which businesses may consider availing themselves, as well as some practice recommendations for...

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Department of Homeland Security Introduces Flexibility for In-Person I-9 Rules On March 20, 2020, the Department of Homeland Security (DHS) issued an announcement that it will relax the requirement for employers to review employee’s identity and work authorization documents in person and complete Section 2 of the Form I-9. Employers may now inspect Section 2 documents remotely (i.e., over webcam, fax, email, etc.) and obtain, inspect and retain copies of the documents within three business days. CONTINUE READING... AUTHORS: • Sari M. Long,...

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With intra-EU borders closing, whole economies going into lockdown and intricate global supply chains breaking down, EU leaders this week pledged to do whatever it takes to protect the economy and support a rapid recovery.   Following the European Central Bank’s announcement last week that it would significantly step up its asset-purchasing programme to €120 billion by the end of the year and temporarily relax rules to encourage banks to step up lending to the real economy, the Bank’s Governing Council...

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I have been working from home since my first corporate job at Accenture in 2010 so I understand the expectations from a organisational and a personal perspective. But there are some of you out there who have never had to work from home and believe me, there is a way to work from home (WFH) successfully.   The difference being, in pre Corona Virus (Covid 19) times many organisations had begun to incorporate WFH into the lives of their employees with...

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