Member News

GTLaw: Federal Reserve Releases New Information on the TALF

Wednesday, May 20th, 2020

On May 12, 2020, the Board of Governors of the Federal Reserve System (the Federal Reserve) announced additional information and FAQs on its Term Asset-Backed Securities Loan Facility (TALF). The goal of the TALF is to help consumers and businesses access affordable credit during and in the aftermath of the Coronavirus Disease 2019 (COVID-19) pandemic by lending to holders […]

EIB: What investment does Europe need to recover from COVID-19?

Tuesday, May 19th, 2020

May 19, 2020 | The COVID-19 pandemic represents an unprecedented shock to the European and global economies. Mitigating the economic impact on households, businesses, and the financial system is the priority. But it is also necessary to plan a response that will ensure rapid and sustained recovery. This crisis could exacerbate weaknesses in the European […]

H&K: New PPP Interim Final Rule Clarifies That Foreign Employees Count for Size

Tuesday, May 19th, 2020

May 18, 2020 | But SBA Creates Safe Harbor for Applications Made Prior to May 5 • A new Interim Final Rule from the U.S. Small Business Administration (SBA) solidifies Paycheck Protection Program (PPP) counting rules, stating that all employees, foreign and domestic, of a business and its affiliates (absent an exception) count for purposes […]

Littler: An Unemployment Insurance Roadmap for New York Employers

Tuesday, May 19th, 2020

May 18, 2020 | During the current COVID-19 crisis, over one million New Yorkers have applied for unemployment insurance (UI) and New York State has paid out over $7 billion in benefits. Despite these numbers, many employers do not understand the ins and outs of UI. Because of the COVID-19 UI enhancements, UI can be […]

BennettJones: The Stakes Are High in Global Trade, and Canada Should Help

Tuesday, May 19th, 2020

May 15, 2020 | As the global economy is buffeted by the fallout from the COVID-19 crisis, predictions of what it means for the future abound. Some argue that the regulation of global trade, including its institutions, requires a paradigm shift. Others contend that change must be carefully measured and neither disregard the benevolent intentions […]

OsborneClarke: COVID-19 Government initiatives

Monday, May 18th, 2020

How are governments responding to the unprecedented challenge of the COVID-19 pandemic? This summary discusses the government initiatives for employers and workforces (the people), as well as the government financial support initiatives for businesses (finance and funding) throughout Europe. On People: What support have governments offered for employers, employees and the self-employed? On Finance and […]

PepperHamilton: COVID-19 Resource Guide for Human Resources Professionals – Action Items and Implementation guidelines Relating to Employee Benefit Plans

Monday, May 18th, 2020

May 15, 2020 | In response to the COVID-19 crisis, many employers have been faced with the difficult task of taking short-term measures to preserve long-term viability. Measures taken include layoffs, furloughs, reduced work schedules, and work-from-home arrangements. These actions have ripple effects that impact employer-sponsored benefits provided to employees. In addition, responsive measures adopted […]

EIB backs EUR 3.4 billion COVID-19 health and business resilience, energy, transport and education investment

Monday, May 18th, 2020

May 15, 2020 | • EUR 880 million for COVID-19 business resilience and public health • EUR 1.2 billion for private sector and corporate research and development investment • Investment program for the artificial intelligence sector across Europe The European Investment Bank today approved EUR 3.4 billion of new financing to support companies most affected […]

MarksPaneth: SBA Releases PPP Forgiveness Application and Instructions

Monday, May 18th, 2020

May 16, 2020 | On May 15, 2020, the SBA released the long-awaited Paycheck Protection Program (PPP) Loan Forgiveness Application and accompanying instructions. PPP borrowers must complete this application at the end of the eight-week covered period in order to obtain forgiveness of eligible expenses. Borrowers are required to submit the PPP Loan Forgiveness Calculation Form and […]

Vulcan Insight: German constitutional court ruling continues to reverberate across the EU

Friday, May 15th, 2020

May 15, 2020 | One week after the German constitutional court’s (BVerfG) ruling that part of the European Central Bank’s sovereign bond-buying programme may be illegal under the German constitution, the ruling continues to reverberate across the EU’s political, economic and legal circles. The political repercussions to the Karlsruhe-based Court were immediate, with both the European […]