Families First Coronavirus Response Act becomes law

On March 18, 2020, President Trump signed the Families First Coronavirus Response Act, which includes broad assistance to businesses and individuals. For employers and employees, the bill includes measures that expand the FMLA and provide for emergency paid leave for employers of 500 or fewer employeesThe law is effective April 2, 2020, and will extend these protections through December 31, 2020. READ MORE

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Part 2: Possibility of Reduction in Workforce and Wage Bills

In Part 1 of this series, we discussed Force Majeure and Suspension/Termination of Contracts. You can contact to get a copy of Part 1 of this series.

In this Part 2, we have attempted to answer some of the questions which businesses are asking concerning their ability to reduce workforce and wage bills.

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Paid Sick Time and Leave Amid COVID-19

As COVID-19 rapidly changes the economic landscape throughout the country, businesses and individuals are facing new and evolving challenges. To address these challenges, federal and state governments are quickly drafting laws and regulations that may affect employers of all sizes.

On March 18, 2020, the federal government enacted the Families First Coronavirus Response Act (the Act), discussed in more detail below, which entitles some employees to paid sick time and leave for issues arising directly from the COVID-19 outbreak. On the same day, Governor Charlie Baker signed into law a bill that waives the usual one-week waiting period for unemployment insurance benefits, allowing Massachusetts employees affected by COVID-19 to collect benefits immediately. In addition, the Department of Unemployment Assistance is finalizing emergency regulations to address a sudden increase in unemployment benefits claims because of COVID-19. Read more…

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Initiative by Ministry of Corporate Affairs to contain the spread of COVID-19

As a part of Government of India’s initiative to ensure active preparation to face the challenge and threat posed by the growing pandemic of COVID-19, the Ministry of Corporate Affairs (MCA) has relaxed the rules with respect to meetings of board of directors and dispensed with the necessity of holding physical meetings on matters relating to approval of financial statements, board report, restructuring etc. up to 30th June 2020. Therefore, till 30th June 2020 the companies can convene meeting through video conferencing for approval of financial statement, board report etc. The MCA is further examining any other relaxations under the Companies Act, 2013, that may be necessitated on account of COVID-19.
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Revenue and Irish Banks move to reassure and support customers during COVID-19 crisis

We are living in a time of crisis in a constantly evolving situation which is causing hardship and distress for many SMEs and self-employed contractors. This stress is compounded by financial hardship imposed by the current isolation and social distancing Covid-19 restrictions and their immediate and dramatic effect on businesses.

Revenue are closely monitoring the situation. and On 12th March the Revenue Commissioners implemented certain measures in order to alleviate the situation and to assist small and medium enterprise businesses experiencing cashflow and trading difficulties arising from the impacts of the Covid-19 virus.

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COVID-19: Fremrykning af offentlige investeringer og forudbetaling på offentlige kontrakter

Blandt tiltagene, der skal få Danmark bedst gennem Corona-krisen, præsenterede Regeringen og folketingets øvrige partier den 19. marts 2020 fremrykning af offentlige investeringer samt muligheden for forudbetaling på offentlige kontrakter. Dette skal medvirke til at holde hånden under danske virksomheder under Corona-krisen.

Det er næppe set før i historien, at offentlige myndigheder i forbindelse med indgåelse af offentlige kontrakter nu får mulighed for at forudbetale ydelser fra leverandører – og det helt op til 1 mio. kr. Read more…

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DDTC and Census COVID-19 Status of Operations

Today the Directorate of Defense Trade Controls published an update to its operations as follows:

  1. Licensing, Commodity Jurisdictions, and General Correspondence: Though longer processing times are expected, DDTC continues to process these submissions and new licenses will be accepted.
  2. Enrollment and Registration: Still operating and being processed via DECCS.
  3. Voluntary Disclosures: Disclosures and related information may be submitted via email to Materials should be sent on company letterhead and in PDF format. It is not necessary to send a duplicate hardcopy to DTCC through the mail.

Read more…

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President Trump Signs Family First Coronavirus Response Act into Law

On Wednesday, March 18, the Senate passed the house bill, as summarized in our alert, “Revisions to Proposed Family First Coronavirus Response Act: Potential Relief to Employers.”

Wednesday evening, President Donald Trump signed it into law. The Family First Coronavirus Response Act will become effective on April 2, (15 days from the President’s signature).

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The Impact of the Coronavirus on the Provider-Payor Relationship

As the coronavirus spreads throughout the country, hospitals and other health care providers are finding themselves inundated with patients. Those providers who are in-network with payors have and will likely continue to experience difficulty in complying with certain provisions of their contracts. For instance, as payors are also experiencing an unexpected influx of telephone traffic, the wait time for various approvals, including, but not limited to, pre-authorizations are being delayed.

Providers are often contractually obligated to obtain pre-authorizations for certain procedures and services prior to rendering the care. Due to the increased telephone traffic and increased wait times on the payor end, these providers are now faced with a dilemma. A process that as of two weeks ago only took a matter of ten to fifteen minutes now can take up to an hour or more. This creates a serious dilemma for those providers who need to render care to their patients and comply with their contractual obligations to payors.

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Overview of changes in the case of international coronavirus epidemic

Overview of changes in the case of international coronavirus epidemic
The coronavirus outbreak (hereinafter referred to as “COVID-19”) served as a trigger for a targeted effort to assess and manage the possible effects of COVID-19.
For example, among the most significant measures caused by the threat of COVID-19 proliferation in Russia, the following can be identified:
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