New York City heightened restrictions on public activity in Executive Order No. 103, issued March 25, 2020.

The Order requires closure of all common portions of retail malls that have 100,000 square feet or more of retail space (leased or available).  The Order provides an exception for stores and restaurants that have external

In our most recent post, we addressed the New Jersey Legislature’s attempt to override terms and exclusions embodied in virtually all commercial Business Interruption Insurance policies including the “virus” exclusion and the requirement that the damage be attributable to a “direct physical loss of insured property.”  That bill, A3844 was passed by the State Assembly’s

After protracted negotiations, Congress has reached an agreement with respect to the Coronavirus Aid, Relief, and Economic Security Act, commonly referred to as the CARES Act (the “Act”), an unprecedented stimulus package aimed at combating the economic impact of COVID-19 on American businesses, individuals and families. Initially introduced on March 19, 2020 and unanimously passed

On March 21st New York Governor Andrew Cuomo issued an executive order which seeks to protect individuals who experience financial hardship as a result of the COVID-19 pandemic. The executive order does the following:

  1. Modifies New York Banking Law to provide that any New York state-licensed or state-chartered bank will be deemed to be

In an effort to assist small businesses impacted by the Coronavirus, the Small Business Association (SBA) has recently expanded access to its Economic Injury Disaster Loan program for small businesses and private nonprofit organizations.  Under the revised criteria, disaster assistance loans are now available for small businesses in every state.

In order to qualify for