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Member News
Member News
18
Aug
The COVID-19 pandemic has influenced the traditional ways in which businesses raise investment and acquire new clients. Although tech savvy founders are likely to have adjusted quickly, online communication isn’t always easy. How can you make the most of this time?
Zoom fatigue and screen burnout are becoming frequent side effects of doing business in the pandemic. The challenges of online communication can be further emphasized when you take culture, personality, and age into account.
In some cultures, for example, it...
18
Aug
The COVID-19 Report is a compilation of coronavirus news, analysis, and insights from around the world to help life sciences and health care companies stay current in this challenging time.
In Tuesday's Report: changes in Italian trademark law; new insolvency trends in China; tips for corporate boards to prepare for crisis; potential conflicts of interest in U.S. COVID-19 contracts, and other Congressional moves.
The Hogan Lovells Government Relations and Public Affairs group is tracking all of the latest developments in the U.S. Congress and relevant news stories....
18
Aug
As a part of the Coronavirus Aid, Relief and Economic Security (CARES) Act, the Federal Reserve created the Main Street Lending Program to provide a total of $600 billion in financing for small and medium-sized businesses including not-for-profit organizations. The program provides loans to eligible organizations — those that were financially sound before the COVID-19 crisis but now need financial help to run their operations smoothly. Nonprofit organizations were not included in this program in the original CARES Act....
17
Aug
The CARES Act’s federal unemployment insurance supplement has expired, and a new executive order from the President has taken its place – for now.
Amid the uncertainty, employers should be aware of the impact on benefits eligibility for employees who refuse or are unwilling to return to work.
Who Needs to Know
Employers attempting to recall or hire employees currently receiving unemployment insurance benefits, and employers who may conduct future furloughs, layoffs, or job eliminations.
Why It Matters
The CARES Act’s additional...
17
Aug
Kyung Kim, Head of Cybersecurity for FTI Consulting’s APAC region, looks at the three steps you can take today to reduce the chances of the unthinkable: a paralyzed network and an IT team that can’t be reached.
Companies around the world have seen their workforces relocate en masse from office spaces to home. With this decentralized workforce comes a vast set of new concerns for IT departments. They’re tasked with maintaining the integrity of internal networks and firewalls while a...
17
Aug
On August 12, 2020, the United States Trade Representative (“USTR”) issued the modified list (Annex 2, section 2) of European Union (“E.U.”) goods subject to Sec. 301 retaliatory tariffs in connection with the World Trade Organization (“WTO”) case against E.U. large aircraft subsidies. While approximately 24,000 comments were filed in response to the USTR’s request for comment regarding changes to the list, only minor changes were implemented. The USTR removed certain products from Greece and the United Kingdom and added an...
14
Aug
In a blow to transatlantic trade this week, the United States announced it will maintain a 15% tariff on aircraft and 25% tariff on other European goods, despite efforts by the European Union to resolve a long-running dispute over state aid subsidies. The US will not, however, impose a threatened increase in tariffs on new European products, ahead of expected EU retaliatory tariffs on American goods this Autumn.
Following a landmark ruling by the World Trade Organisation (WTO) in October 2019, certain...
13
Aug
MSLP Facilities for For-Profit Businesses
Since mid-July, the Boston Fed has updated the business MSLP FAQs twice (releases on July 15 and July 31) with additional details and clarifications. Significant changes and additions to the existing FAQs for MSLP facilities to for-profit Eligible Borrowers include:
A new FAQ was added confirming that when a Borrower is acquired or merged into another business, the acquiring or resulting entity must also comply with the certifications and covenants applicable to such Borrower’s Main...
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