In a surprise move, the U.S. Senate last evening voted to extend the deadline to apply for a loan under the Paycheck Protection Program (PPP) to Aug. 8. The move came hours before the deadline for applying for a PPP loan was set to expire even though more than $100 million remain in the federal […]
New Virginia Contractor Misclassification Law
Spring brought significant changes to Virginia’s employment law landscape. Virginia Governor Ralph Northam recently signed a series of new employee-centric laws, including the ones intended to fight against worker misclassification. Summary of new laws relating to misclassification Effective July 1, 2020, House Bill 984 enacts a new statute, Va. Code § 40.1-28.7:7, which creates a […]
SBA, Treasury Streamline Loan Forgiveness Application and Update Guidance
Last week, the Small Business Administration (SBA) and Department of Treasury streamlined the path to applying for loan forgiveness under the Paycheck Protection Program (PPP), the lifeline extended to small businesses suffering financial pressures resulting from the COVID-19 pandemic. A revised loan forgiveness application and a new EZ version of the form are designed to […]
Four Things to Know About the CARES Act and the New Small Business Bankruptcy Reorganization Act
In an attempt to make chapter 11 more streamlined and less expensive for debtors, Congress amended the bankruptcy code to add a brand new reorganization chapter: Subchapter V. Subchapter V is available exclusively to small-business debtors and provides a new option that is intended to be quicker and cheaper; it also offers less oversight and […]
OFP Files Amicus Brief for The Rutherford Institute and Cato Institute in Watchlist Case Before the Fourth Circuit
Odin Feldman Pittleman filed an amicus brief on behalf of The Rutherford Institute and Cato Institute, a Washington think tank, in Elhady v. Kable, Case Nos. 20-1119, 20-1311 (4th Cir).The brief urges the court to uphold due process protections provided to individuals added to the Terrorist Screening Database (colloquially the “Watchlist”). The case concerns 23 […]
New Paycheck Protection Program Flexibility Act
Last night, June 3, 2020, the Paycheck Protection Program Flexibility Act of 2020 (PPP Flexibility Act) was unanimously approved by the Senate, after overwhelming approval by the House last week. Under the PPP Flexibility Act, which is expected to be signed into law by the President, the CARES Act was amended to provide additional flexibility […]
Commercial Leases and COVID-19: Force Majeure, Frustration of Purpose, and Impossibility under the Laws of Maryland
As landlords and tenants in the DC Metro region navigate the COVID-19 climate and an unprecedented dip in the economy, provisions within commercial leases related to excusing nonperformance are being tested, and in some cases, for the first time. Force majeure clauses are front and center in the debate over excuses for nonperformance, opportunities for […]
Commercial Leases and COVID-19: Force Majeure, Frustration of Purpose, and Impossibility under the Laws of Virginia
As landlords and tenants in the DC Metro region navigate the COVID-19 climate and an unprecedented dip in the economy, provisions within commercial leases related to excusing nonperformance are being tested, and in some cases, for the first time. Force majeure clauses are front and center in the debate over excuses for nonperformance, opportunities for […]
Commercial Leases in the Time of COVID-19: Force Majeure, Frustration of Purpose, and Impossibility under the Laws of the District of Columbia
As landlords and tenants in the DC Metro region navigate the COVID-19 climate and an unprecedented dip in the economy, provisions within commercial leases related to excusing nonperformance are being tested, and in some cases, for the first time. Force majeure clauses are front and center in the debate over excuses for nonperformance, opportunities for […]