Whatever your business—whether you are a government entity in charge of mega projects, an oil and gas major responsible for energy security, an investor looking at new investments, managing existing positions or planning exits, or a corporate...
On May 12, 2020, the Federal Reserve Bank of New York (the “Fed”) released its initial draft of frequently asked questions (the “Initial FAQs”) relating to the Term Asset-Backed Securities Loan Facility program (“TALF 2.0”) under the Coronavirus...
Tenant credit and security issues and certain lease negotiations (including modification or termination agreements) happening now may be impacted by a tenant bankruptcy in the future. Commercial landlords considering new lease negotiations, or the...
The Internal Revenue Service (IRS) released proposed regulations amending Employment Tax Regulations (26 CFR Parts 31 and 35) under section 3405 of the Internal Revenue Code (IRC). The regulations propose new rules for federal income tax withholding...
The global COVID-19 pandemic has created financial distress for businesses across the United States, many of which may have been forced to close or otherwise limit their revenue-generating activities. As result, many businesses are suffering from...
As companies plan their return to the workplace, it is readily acknowledged that to return to some "semblance of previous normality" a COVID-19 vaccine is needed on a global scale. Even with optimistic predictions that a vaccine will be available as...
The FCA have published temporary measures on the publication of half-yearly financial reports along with commentary on (i) addressing coronavirus-related uncertainties in the ‘going concern’ assessment and (ii) their expectations of market conduct in...
On May 28, 2020, the Louisiana Legislature passed S.B. 138, which, if signed by the Governor, will require marketplace facilitators to collect and remit state and local sales and use taxes if they exceed an economic nexus threshold of $100,000 in...
As cash flow and decreased revenue concerns rise, many employers are looking for ways to cut costs. This article generally identifies the circumstances that allow a safe harbor 401(k) plan sponsor to suspend safe harbor contributions and the related...
The Federal Reserve Board issued updated Frequently Asked Questions (FAQs) for the Main Street Lending Program (MSLP) loans on May 27, 2020. The Federal Reserve Bank of Boston has provided certain form language and documents as well as instructions...
