What Business are Asking About Today Key Issues During The COVID-19 Pandemic
Some of the key issues clients are confronting include:
Paycheck Protection Plan The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
Employment Furloughing employees - Health Plan Issues Paid Leave Issues - Employers should be aware of newly enacted legislation—the Families First Coronavirus Response Act (“FFCRA”) Communications - Effective communication during a crisis is critical to maintaining the integrity of your active and furloughed workforce Legal Risk - Managing and responding rapidly to ensure the heath and well-being of employees, clients and visitors is the only way to avoid legal exposure for maintaining an unsafe workplace.
Supply Chain Where to obtaining practical guidance in the face of dramatic disruptions to supply chains and related risk exposure.
Crisis Management Identifying proactive steps to contain the impact of the virus on business and employees.
Corporate Governance Managing risks around disclosure of inside information arising as a result of coronavirus disruptions.
Capital Markets, M&A, Loan Financing and Restructuring Addressing additional due diligence requirements, disclosure, extended settlement dates or reporting deadlines, possibility of business financial stress and the need for covenant/payment relief in connection with certain industries and possible MAC (Material Adverse Change) issues.
Dispute Resolution Awareness of potential issues surrounding contractual obligations, especially notice requirements and insurance coverage data privacy obligations should employees test positive for coronavirus.
Financial Regulatory Business continuity planning in line with regulator guidelines.
Insurance Analyzing regulatory developments regarding business interruption and related insurance coverages.
