News

The impact of COVID-19 on MAC clauses and lending transactions: A lender’s perspective

By EsqSocial Corporation 01/04/20

To mitigate the financial fall-out of the COVID-19 pandemic, many lenders are reviewing their existing loan portfolios, assessing their obligations to continue funding under loan commitments, and taking affirmative steps to protect their portfolios....

Covid-19 Coronavirus: What you need to know about virtual and electronic signing

By EsqSocial Corporation 01/04/20

In these uncertain times, trade finance and other transaction parties may face particular logistical challenges when signing documents in person. One option available to the transaction parties is to sign documents "virtually" (in other words,...

Of Furlough and Other Benefits: How Employers Can Supplement State Unemployment Benefits for Former Employees

By EsqSocial Corporation 01/04/20

In face of the Covid-19 emergency, many employers are faced with furloughing or laying off employees, but they want to do what they can to provide some benefit.  While severance payments are one option, these benefits generally reduce state...

The Health Care Industry and the CARES Act: Insight and Next Steps

By EsqSocial Corporation 01/04/20

While the United States now leads the world with the number of reported cases of COVID-19, the Coronavirus Aid, Relief, and Economic Security (CARES) Act (or “the Act”) takes major, though perhaps still incomplete, steps toward supporting the...

Leasing Considerations for Tenants and Landlords During COVID-19 Pandemic

By EsqSocial Corporation 01/04/20

Tenants and landlords should consider whether certain provisions such as force majeure, frustration of purpose, and/or impracticability of performance can protect them under current leases—and whether to include such provisions in future leases—as a...

COVID-19 Pandemic Extends Temporary Closure of USCIS Until at Least April 7

By EsqSocial Corporation 01/04/20

In response to the coronavirus (COVID-19) pandemic, US Citizenship and Immigration Services (USCIS) on March 25, 2020, extended suspension of routine in-person services until at least April 7, 2020. USCIS had previously announced it would temporarily...

North Carolina Under Stay-At-Home Order Due To COVID-19 Outbreak

By EsqSocial Corporation 01/04/20

Effective March 30, 2020 at 5:00 p.m., and remaining in effect for 30 days, all North Carolina residents are ordered to “stay home” and limit movements outside of their homes beyond essential needs. Pursuant to Executive Order 121, Governor Roy...

CMS’ Blanket Waivers To The Stark Law Offer Relief To Providers During COVID-19 Emergency

By EsqSocial Corporation 01/04/20

On March 30, 2020, the Centers for Medicare and Medicaid Services (CMS) issued an unprecedented list of Stark Law blanket waivers under its emergency authority granted in Section 1135 of the Social Security Act (the Act) authorizing the waiver of the...

COVID-19 Alert – New York Essential Business Guide

By EsqSocial Corporation 01/04/20

As the COVID-19 pandemic evolves, Governor Andrew Cuomo continues to reinforce his initial mandate limiting in-person business operations solely to Essential Businesses throughout the State. In an effort to facilitate the uninterrupted business...

The CARES Act Provides Much Needed Financial Relief for Small Businesses

By EsqSocial Corporation 01/04/20

On March 27, 2020, Congress passed, and the President signed into law, the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”). The CARES Act is a massive $2.2 trillion law designed to stabilize the United States’ economy as the country...

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