26 Mar
New York Related News

Paid Sick Leave for COVID-19 Impacted New Yorkers

Supporting Families Affected By COVID-19 In response to the outbreak of novel coronavirus (COVID-19) in New York State, Governor Andrew M. Cuomo has guaranteed workers job protection and financial compensation in the event they, or their minor dependent child, are subject to a mandatory or precautionary order of quarantine or isolation issued by the state of New York, the Department of Health, local board of health, or any government entity duly authorized to issue such order due to COVID-19. Most employees...

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26 Mar
Member News

GT Law: USTR to Open Section 301 Tariff Exclusion Process for Medical-care Products Needed to Address COVID-19

On March 23, 2020, the United States Trade Representative (USTR) announced it will begin accepting exclusion requests from the Section 301 tariffs on goods manufactured in China for medical-care products needed to address the COVID-19 outbreak. The exclusion requests are to be submitted to regulations.gov. No specific forms or formats are required.  Though USTR asks that all requests be submitted as soon as possible, the process will be open until June 25, 2020.  Any product included in any of the previous...

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26 Mar
Member News

Littler: DOL Releases Q&A Guidance on Families First Coronavirus Response Act

On March 24, 2020, the U.S. Department of Labor released an initial set of questions and answers (Q&As) concerning the recently enacted Families First Coronavirus Response Act (FFCRA). The Q&As focus on the law’s provisions relating to new emergency paid sick leave (EPSL) and emergency paid Family and Medical Leave Act benefits (FMLA+). As it continues to accept feedback regarding the FFCRA, the DOL may release additional Q&As on more issues, or clarify issues in the existing guidance, before...

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25 Mar
Chapter News

EEAS special report: Disinformation on the Coronavirus – short assessment of the information environment

March 19, 2020 With the outbreak of COVID-19, we have seen the proliferation of significant quantities of news, myths, and disinformation about it – coming from various sources both within and outside of the European Union. The World Health Organisation has stated that the outbreak of and response to COVID-19 has been accompanied by a massive “infodemic”, which the WHO describes as an over-abundance of information – some accurate and some not – rendering it difficult to find trustworthy sources...

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25 Mar
Chapter News

The Coronavirus pandemic and the new world it is creating

23/03/2020 - 18:22 COVID-19 will reshape our world. We don’t yet know when the crisis will end. But we can be sure that by the time it does, our world will look very different. How different will depend on the choices we make today. “COVID-10 will reshape our world. We don’t yet know when the crisis will end. But we can be sure that by the time it does, our world will look very different.” – Josep Borrell,  The COVID-19 crisis is...

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25 Mar
Chapter News

OECD Secretary-General: coronavirus “war” demands joint action

Commits policy support, saying efforts must have “Ambition of Marshall Plan, vision of New Deal” 21/03/2020 - OECD Secretary-General Angel Gurría called today for sweeping joint action by governments to defeat the health, economic, and social threats of the coronavirus (Covid-19) pandemic.  In calling on governments to better coordinate their efforts, Gurría announced that the OECD would channel its efforts into immediate support to policymakers combating the crisis, launching a new online policy hub immediately. “The coronavirus pandemic is a public health...

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25 Mar
Member News

PepperHamilton: COVID-19 Primer for Private Equity Funds

In a very short period of time, private equity groups and their portfolio companies have had to deal with an unprecedented amount of change in response to the novel coronavirus (COVID-19) crisis. Pepper Hamilton is working diligently in response to these events and has developed guidance on many of the issues that you may soon face, or indeed may already be facing. The guidance offered below takes into account developments as of today, but, as the situation continues to...

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25 Mar
Member News

GT Law: Interagency Guidance for Financial Institutions on Cononavirus Disease-Related Loan Modifications

On Sunday night, March 22, 2020, the federal banking agencies (OCC, FDIC, NCUA, Federal Reserve), the Consumer Financial Protection Bureau and the State Conference of Bank Supervisors issued an Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus. The Guidance does two key things: 1. Short-term loan modifications granted to borrowers that have become financially distressed as a result of economic conditions created by COVID-19 will not result in a loan being classified...

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25 Mar
Member News

Wilson Sonsini: Venture Lending in a Time of Crisis

Many early stage and emerging growth companies utilize venture lending as a source of funding to compliment equity financing. But what happens to these loans in difficult and uncertain times? Wilson Sonsini has experience in the venture lending markets that goes back more than three decades through multiple economic cycles and we know the active participants in the market well. We have helped both borrowers and lenders through difficult transactions in similar circumstances and we can offer some thoughts...

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24 Mar
Chapter News

Coronavirus: EU countries to get help from Solidarity Fund

The European Parliament is mobilising additional funds to help the EU countries hardest hit by the coronavirus pandemic. In an extraordinary plenary session on Thursday 26 March, MEPs will vote on a European Commission proposal to allow member states to request financial assistance from the EU Solidarity Fund in their fight against Covid-19. The proposal is part of a set of EU measures to mobilise all existing budget resources to help EU countries tackle the pandemic. The Commission proposes to broaden the Solidarity Fund’s scope...

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