Our attorneys continue to monitor the impact of COVID-19 on the markets, and we have already developed guidance on potential issues, which we have outlined below. This page will serve as the central location for all resource updates. Please continue to check back regularly as we add resources and update existing guidance to help you and your businesses during these difficult times.

Banking, Finance, and Loans

Main Street Lending– More Help On the Way For Businesses

Information about the Paycheck Protection Flexibility Act

SBA Publishes Forgiveness Guidance for PPP Loans

SBA Provides Additional Clarity on Good-Faith Certification for PPP Loans

Further Clarification Given on U.S. Paycheck Protection Program (PPP)

Main Street Lending Program Offers $600 Billion Lifeline

CARES Act: Guidance for Mid-Sized and Large Businesses  (Updated)

Loan and Relief Programs for Small Businesses

Suspension of NY State Medical and Student Debt Collection

Bankruptcy and Creditor's Rights

Bankruptcy During the COVID-19 Pandemic: An Argument for Uniformity with Respect to the Reimbursement of Professional Fees and Expenses

COVID-19, Force Majeure and ‘Pause’ Orders in Bankruptcy Cases

COVID-19 Impacts on Creditor's Rights

Corporate (including Filings and Deals)

New York Permits Virtual-Only Annual Shareholder Meetings Through July 6

Considerations in M&A Transactions

COVID-19 and Contractual Performance: Force Majeure and Other Considerations

SEC Guidance for Public Companies: Preparing for the Proxy Season During the COVID-19 Outbreak

SEC Provides Conditional Extensions of Filing Deadlines for Public Companies and Disclosure Guidance

Financial Institutions

Federal and State Agencies Provide Guidance for Regulated Entities  (Updated)

Considerations for Mortgage Servicers  (Updated)

Hotel and Hospitality

Everything Old is New Again: Hospitality Industry Financing and the Pandemic

The Hospitality Industry and COVID-19: Where Do We Go From Here?

Potential Insurance Claims For Restaurant, Food & Beverage or Hospitality Businesses

Immigration and Global Mobility

Consular National Interest Exceptions to the COVID-19 Travel Ban to Remain Valid for 12 Months and for Multiple Entries

Expiration of Presidential Proclamation banning certain H-1B, H-2B, J-1, and L-1 Nonimmigrant Applicants

Trump Issues Executive Order Suspending New Work Visas for Several Employment-based Categories Through End of 2020

President Trump Issues Indefinite Travel Ban: What Employers and Foreign Nationals Need to Know

ICE Extends Flexibility in I-9 Compliance Requirements

The Six Key Takeaways from the President’s Executive Order on Immigration

USCIS Announces Temporary Suspension of Premium Processing for All I-129 and I-140 Petitions

DHS Issues Special Guidance Regarding Requirements Associated With Form I-9

Update to Impact on Global Mobility  (Updated)

Insurance and Coverage

Potential Insurance Claims For Your Restaurant, Food & Beverage or Hospitality Business

COVID-19 Insurance Coverage Issues Update

Intellectual Property

USPTO Further Extends Certain Response Deadlines

U.S. Patent and Trademark Office Extends Certain Response Deadlines

Labor and Employment

Status Update: NY COVID-19 Restrictions and the NY HERO Act 

Employer Considerations For Reopening – New York (Updated)

The Families First Coronavirus Response Act: Key Takeaways for Employers (Updated)

Coronavirus Relief Bill (CARES Act) Passes Into Law (Updated) 

What Employers Need To Know About NY’s New Paid Sick Leave Law (Updated)

Cuomo Orders COVID-19 Related Workforce Reductions for New York State Businesses

Media + Entertainment

A Producer’s Guide to Restarting Film and TV Production Internationally

A Producer's Guide to Restarting Film and TV Production in the U.S. (Updated)

Canceled Live Events – Is Coronavirus a Force Majeure Event?

Private Client and Family Matters

Taking the Pressure Out of Pandemic Planning: Drafting Irrevocable Trusts with Flexible Mechanisms

Conducting a Virtual Estate Planning Execution Ceremony: A Best Practices Primer During a Pandemic

The Family Unit: Family Law Resources

Options for Domestic Abuse Victims During the Lockdown

Co-Parenting During the Pandemic

Estate Planning and Administration

Real Estate

The Pandemic's Impact on Eviction Proceedings

Considerations for Construction Lenders in Loan Modifications

Land Use and Zoning Development (Updated)

Commercial Real Estate Purchase and Sale Agreements

Land Use and Zoning Developments

Tax Considerations

Highlights of Certain Tax Provisions of the Consolidated Appropriations Act, 2021

IRS Clarifies Tax Extension Deadlines

IRS Announces "People First Initiative" to Bring Taxpayer Relief

IRS Issues FAQ List To Clarify Guidance

Various Industry-Specific Considerations

Potential Insurance Claims for Art Businesses

PREP Act Enabled to Encourage Medical Innovation

What's Next for Medical Business Owners?

External Resources

Executive Orders from the Governor of New York

Centers for Disease Control and Prevention

World Health Organization COVID-19 Page

National Institutes of Health Coronavirus Resources

Please reach out to the attorneys with whom you work with any additional questions related to the specific legal issues affecting your business or arising from the pandemic.

As always, you can reach your Pryor Cashman team by telephone or email by using the firm’s online directory.