Phase 4: Illinois Cautiously Resumes Indoor Dining and Legal Considerations for Leases and Joint Venture Agreements in a Post-COVID World Background: As of June 26, Illinois has moved into Phase 4 of the “Restore Illinois” Plan. During Phase 4, restaurants are allowed to […]
Chicago Restaurants in the Age of COVID-19: A New Frontier Jun 10, 2020 On May 5, 2020, Governor J.B. Pritzker released “Restore Illinois”, a 5-step public health plan for re-opening Illinois (the “Plan”). The Plan clearly is of considerable interest to our restaurant […]
Main Street Lending Program: Federal Reserve, Treasury Department Create New Lending Facility, Release Updated Program Terms and FAQ’s May 21, 2020 This Client Alert relating to the Main Street Lending Program (the “MSLP”) has been updated to incorporate new guidance released by […]
SBA, Treasury Department Warn Businesses to Carefully Consider Whether PPP Loan is Necessary
On April 23, 2020, the Treasury Department, in collaboration with the Small Business Administration (the “SBA”), released guidance in the form of Frequently Asked Questions (FAQ). The potentially most significant aspect of the FAQ’s is the warning that businesses applying for, or receiving, […]
Main Street Lending Program: Federal Reserve, Treasury Department Take Action to Combat COVID-19
Pursuant to its mandate from Congress to promote maximum employment, stable prices and market stability, the Federal Reserve announced on April 9, 2020, that it is taking measures to provide up to $2.3 trillion to further assist households and employers of all sizes […]
Legal & Tech: Practical Considerations for Hires, Furloughs and Separations of Remote Employees
Legal & Tech: Practical Considerations for Hires, Furloughs and Separations of Remote Employees Apr 9, 2020 With the shelter-in-place orders going through April 30th and possibly beyond, it is important to prepare your company for possible furloughs, layoffs, and terminations with your remote employees. […]
Click to Go to Answer: When can my business submit an application for an SBA 7(a) loan from the Paycheck Protection Program? For purposes of calculating “payroll costs,” should a business include compensation paid to independent contractors? Is a portfolio company of a […]
Summary of Legislation and Rulemaking Impacting Small Businesses Affected by COVID-19 Apr 1, 2020 The impact of COVID-19 has affected everyone in the United States. In response to the widespread economic consequences suffered by small businesses and their employees, the federal government and […]
Summary of Federal, State of Illinois and City of Chicago Grant and Loan Programs to Assist Small Businesses Affected by COVID-19 Mar 31, 2020 Businesses around the world are facing significant adverse consequences due to government-mandated shutdowns and loss of business arising […]
In the days since the Families First Coronavirus Response Act (FFCRA) was signed into law on March 18, 2020, employers and advocacy groups have raised a number of questions about how the law will be interpreted and enforced. With surprising speed, the U.S. […]
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