Tag Archives: Davis & Gilbert

ILN Today Post

FAQ – New York State Paid Sick Leave

On March 18, 2020, New York State enacted a mandatory sick leave law, which benefits
employees affected by the COVID-19 crisis. Davis & Gilbert partner Gregg Brochin
provides clarification on employers’ obligations under this new paid sick leave law. If you
have any additional questions on New York State paid sick leave law or any other labor
and employment issues, please contact Gregg Brochin or the D&G attorney with whom
you have regular contact. Read more…

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ILN Today Post

Time to Buckle Up: The State of Subprime Auto Risks

2019 seems far behind in the rear mirror. Way back then, in our 2019 year-end review, we warned that an economic downturn could cause latent market risks to be seen more clearly. Higher delinquencies and longer terms were among the trends that were intensifying beneath the surface, causing cracks to form on the road ahead. Read more…

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ILN Today Post

FAQ – When a Commercial Tenant Files Bankruptcy: What Landlords Need to Know

The rapid outbreak of the novel coronavirus (COVID-19) has caused widespread
business disruptions. Bankruptcy cases will likely be on the rise as a result,
particularly in hard-hit, consumer-facing industries like retail, which has already
seen the recent bankruptcy filings of Payless Shoes, Destination Maternity and
Modell’s Sporting Goods. Against this backdrop, there is no better time than the
present for a refresher on the special protections afforded commercial landlords
under the Bankruptcy Code, and the counterbalancing restrictions imposed on
their rights as creditors. Read more…

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ILN Today Post

FAQ – Paycheck Protection Program Updates

The Coronavirus Aid, Relief and Economic Security Act (the CARES Act) includes the
Paycheck Protection Program, which provides economic relief for small businesses. Read more…

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ILN Today Post

COVID-19 and Executive Compensation

Now that the sweeping effects of the coronavirus pandemic are starting to settle in, employers should be prepared to address executive compensation issues that will arise with respect to top tier management and broader talent throughout the organization.

Click here to read the full Alert   >>

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ILN Today Post

COVID-19 Considerations for Retirement Plan Sponsors and Committees

Employers must take action now to provide appropriate oversight of their retirement plans, both in reaction to recent legislation and extreme stock market volatility due to COVID-19.

Click here to read the full Alert   >>

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ILN Today Post

Health and Welfare Considerations for Plan Sponsors Amid the COVID-19 Pandemic

As employers make changes to their workforces in response to COVID-19, particularly in light of recent legislation under the Families First Coronavirus Response Act (FFCRA) and the recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act), employers should pay careful attention to their health and welfare plans.

Click here to read the full Alert   >>

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ILN Today Post

IRS Defers Tax Payment and Filing Obligations Due to the Coronavirus Pandemic

The Internal Revenue Service (IRS) has deferred both income tax payments and income tax filings to July 15, 2020 due to the COVID-19 pandemic, pushing the deadline three months later than the standard April 15, 2020 deadline.

The full Notice 2020-18 (Notice) can be viewed here. Additionally, the IRS has supplemented the Notice with a series of Frequently Asked Questions (IRS FAQs) that are located on the IRS website.

Click here to read the full Alert   >>

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ILN Today Post

U.S. Federal Government Proposes Various Changes to SBA Loan Programs to Assist Small Businesses Affected by Coronavirus

In light of the economic impact of the COVID-19 pandemic, the federal government has taken steps to expand the availability of, and streamline the process for, obtaining loans administered by the U.S. Small Business Administration (SBA). In addition, further changes are expected as part of a sweeping stimulus package, which is currently under negotiation in Congress. Read more…

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ILN Today Post

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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