May 7, 2020 | The tide turns as key sentiment indices show compelling reversal insignia reflecting phase ‘opendown’ and rising prophylactic optimism. Key Takeaways • Media hype for covid-19 edges below the key 50% level • Worldwide news sentiment surges higher as optimism returns • Using insider trading data on our platform can help traders time market turns CONTINUE READING... The free Coronavirus News Monitor can be accessed on https://coronavirus.ravenpack.com/ Compliments of RavenPack International SL - a member of the EACCNY.

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May 6, 2020 | The U.S. Small Business Administration (SBA), in consultation with the U.S. Department of the Treasury, has provided updated guidance on how to count employees in foreign affiliates for the purposes of determining the 500 or fewer employee size standard for the Paycheck Protection Program (PPP). In the Interim Final Rule dated April 2, 2020 and in Frequently Asked Question 3 (FAQ 3) released on April 6, 2020, the SBA modified the 500 or fewer employee size standard with the...

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Updated May 6, 2020 | On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) was signed into law, providing an estimated $2 trillion stimulus package to address the COVID-19 pandemic. Although the CARES Act has a number of employment-related provisions (as discussed here), a central piece of the legislation expands existing unemployment insurance programs, making far more individuals eligible and providing greater benefits than existing programs. As employers consider workplace actions during this time of...

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May 5, 2020 | On May 5, the Treasury Department and SBA released FAQ #43 extending the Paycheck Protection Program (PPP) safe-harbor repayment date from May 7 to May 14. Thus, any PPP borrower who repays their loan by May 14, 2020 will be deemed to have made the required economic need certification on the SBA loan application in good faith. On the loan application, borrowers certify that “urrent economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.”...

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May 5, 2020 | Osborne Clarke has just released its most recent thought leadership piece titled: “Transforming the way we live – A roadmap for taking Alternative Residential mainstream“. The report is based on interviews of real estate industry experts, combined with the views of Osborne Clarke clients. The ways in which we live are changing and Alternative Residential (AR) assets have an important role in delivering this change. AR assets include multifamily (known as ‘build-to-rent’ in the UK and referenced...

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The Office of the U.S. Trade Representative (“USTR”) has issued a notice requesting comments on whether certain soon to expire China 301 tariff exclusions should be extended. The exclusions at issue are those described in the 11 List 3 product exclusion notices issued as of March 26, 2020.  These exclusions are scheduled to expire on August 7, 2020. Links to each of the 11 product exclusion notices at issue can be found below: Exclusions Granted August 7, 2019 Exclusions Granted September 20,...

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May 4, 2020 | Despite the ongoing coronavirus pandemic (COVID-19), the United Kingdom’s Financial Conduct Authority (FCA) reiterated that the London Interbank Offered Rate (LIBOR) will still not be available as a reference rate after the end of 2021. Accordingly, your organization must continue completing the substantial task of transitioning all LIBOR-linked contracts to an alternate rate no later than December 31, 2021, and, if applicable, to disclose all material information related thereto in your United States Securities and Exchange Commission...

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May 1, 2020 | Aggressive action by several central banks and governments helped reduce the extreme tail risk that had seemed so dominant in the second half of March. Strains in the funding markets eased, and equity markets recouped some of the steep losses inflicted during the frenzied panic. To be sure, most major economies were largely shut down in April, and the lagging economic data is dreadful. It was only in the second half of April that some social distancing...

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April, 2020 | From chemical and power plants to energy and mining and metal production, industrial companies are increasingly at risk of cyber attacks that threaten workers and the environment. Here’s how to respond. In March 2019, Norsk Hydro, a leading global aluminum producer headquartered in Oslo, Norway, with operations around the world, found itself the victim of a stealth cyber attack. Its “attacker” came in the form of a compromised email sent via an existing customer’s email address to an unsuspecting employee. The...

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May 4, 2020 | On April 30, 2020, the Federal Reserve announced details of its $600 billion Main Street Lending Program established under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The purpose of the Main Street Lending Program is to facilitate lending to businesses that were in sound financial condition prior to the COVID-19 pandemic and have either fewer than 15,000 employees or had less than $5 billion of revenue in 2019. The loans will be provided...

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