Member News

COVID-19 News, Member News

CLA: SBA Releases First Conforming Guidance for PPP Flexibility Act

Key insights The Paycheck Protection Program Flexibility Act was signed into law by the President on June 5, 2020. Guidance issued by the SBA on June 10 clarified key provisions of the PPP Flexibility Act that were ambiguous. As of June 12, 2020, $129 billion in PPP funds remain available. The SBA and Treasury have stated that guidance in the form of a new loan application, new loan forgiveness applications, new IFRs, and new FAQs will be forthcoming. You may want to...

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Member News

Tradewind Finance Welcomes Emilio Estevez as Vice President of Sales in New York

June 17, 2020 | New York, NY Tradewind Finance is pleased to announce that Emilio Estevez has joined the company as Vice President of Sales based out of their New York office. Emilio will leverage his experiences building client relationships and structuring deals in the trade finance space to help drive Tradewind’s factoring and supply chain financing business and expand their international client base, including in Latin America where he concentrated his business development efforts previously. Emilio will be reporting...

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Noerr: Reopening Measures in Germany and Europe

June 17, 2020 | A message from Sascha Leske, Head of NY Office of Noerr In light of the continuing reopening in Germany and across Europe, my Noerr colleagues and I would like to highlight a few important measures that the respective governments are implementing. Key elements that may be of particular interest include the specific measures aimed at enhancing investments in core industry sectors; and the financial support that subsidiaries of U.S. companies in Germany and across Europe may...

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HKlaw: IRS Provides Pandemic-Related Relief for Certain Opportunity Zone Deadlines

June 12, 2020 | IRS Notice 2020-39 provides relief from certain deadlines under Section 1400Z-2 of the Internal Revenue Code of 1986 and the U.S. Department of the Treasury regulations thereunder (the Opportunity Zone Rules). Delay caused by the impact of the COVID-19 pandemic have made achieving these deadlines within the time expected difficult or impossible. Accordingly, the IRS has acted to assist taxpayers adversely impacted by the COVID-19 crisis by tolling or extending certain important Opportunity Zone deadlines. ...

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JRTRealty: What to expect when returning to the office in Manhattan

June 16, 2020 | The new “abnormal;” that’s what we can expect. Something distinctly different in our office experience. So, if you’re wondering how this will all play out when you return to the office, here’s what you may find: First, you’ll need to find a comfortable pathway to the office, which means you’ll need to grapple with the subway/bus/train/bike commute to work. When you arrive at your building, you’ll likely find your office lobby converted to what looks like a...

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CitizenM introduces smart luxury for the people

New safety standards and contactless stays across all our hotels. As the world opens up again, you’ll be looking for business travel. Luckily for you, mobile citizen – we built a pandemic-proof hotel. We could be smug, say we planned it. But the truth is, we accidentally got it just right. Our cleaning routine was already world-class – now, it’s beyond amazing. And while the world stopped, we upgraded – introducing a new contactless experience powered by our new app....

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COVID-19 News, Member News

AEMCarnelutti: Italian Government boosting distressed assets market amid COVID-19 Emergency

On March 17, 2020, the Italian Government enacted Law Decree No. 18 (“Decreto Cura Italia” or “Decree”) issuing measures aimed at strengthening the national health service and economic support for families, workers and enterprises in connection with the COVID-19 epidemiological emergency. Among all implemented measures, Article 55 of the Decree will probably have a significant impact on the distressed assets sale market in Italy. The Decree aims at boosting the assignment of non-performing loans and receivables (“crediti deteriorate”) by allowing...

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CILcare extends its expertise to develop solutions for people with vestibular disorders with its partner Vertidiag

June 15, 2020 | CILcare, world leading CRO entirely specialized in the field of hearing disorders, announces a strategic partnership with the start-up Vertidiag, a company specialized in balance disorders. By combining their unique know-how, CILcare and Vertidiag can propose a complete service offering to identify and develop therapeutic solutions for people suffering from ear diseases including Hearing Loss, Tinnitus, Otitis and Vertigo. CILcare has developed its foundations on unique expertise in testing the efficacy and safety of drugs, gene &...

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COVID-19 News, Financing for Development/UN SDG's, Member News

AXA-IM: COVID-19, Has your workplace changed forever?

June 04, 2020 | • The COVID-19 crisis threatens long-lasting changes to the way we work. It is affecting employees and employers everywhere. • The impact so far has been considerable but varies sharply according to industry and country. The latest data show that half the global workforce is at risk of losing their livelihoods. • There are major concerns regarding the ongoing viability of companies, large and small. Some are in short-term survival mode – others are accelerating strategies to digitalise...

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GOP: COVID-19, Main amendments made by the Italian conversion law to the liquidity decree with respect to the measures aimed at ensuring the going concern of companies

June 11, 2020 | 1. Introduction Pursuant to Law no. 40 of 5 June 2020, published in the Official Gazzette no. 143 of 6 June 2020 (the “Conversion Law”), Law Decree no. 23 of 8 April 2020 (the “Liquidity Decree”) was converted into law with amendments. Below is a summary of the key amendments made to Chapter II (Urgent Provisions to Ensure Going Concern) by the Conversion Law. 2. Six months postponement of the deadlines to comply with crisis settlement agreements (accordi di...

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