On March 21, 2020, Governor Murphy issued Executive Order 107 directing that businesses, including commercial and professional offices, must accommodate their workforce, wherever practical, for telework or work-from-home arrangements. To the extent employees are unable to perform their jobs via work-from-home arrangements, businesses are required to use best efforts to reduce on-site staff to the
COVID-19
New York Set to Advance to Next Phases in Reopening Plan
By Aaron S. Brotman on
Posted in Recent Developments
On Wednesday, June 17, 2020 New York Governor Andrew Cuomo announced that New York City, the Mid-Hudson Region, and Long Island are all expected to move forward an additional level under the State’s reopening plan within the next week. Currently, New York City is in Phase One, and the Mid-Hudson and Long Island are in…
Federal Reserve Expands the Main Street Lending Program
Posted in Recent Developments
The Federal Reserve recently expanded its Main Street Lending Program (the “Program”) to three separate loan facilities: the Main Street New Loan Facility, the Main Street Priority Loan Facility and the Main Street Expanded Loan Facility (each, a “MSLP Facility” and collectively, the “MSLP Facilities”). The MSLP Facilities are aimed at providing up to $600…
COVID-19 Alert: Paycheck Protection Program Flexibility Act of 2020
Posted in Recent Developments
On June 5, 2020, the President signed the Paycheck Protection Program Flexibility Act of 2020 (the “Act”), a bipartisan measure aimed at providing additional flexibility and extended relief to small business borrowers under the Paycheck Protection Program (“PPP”). Below is a summary of the key provisions of the Act, highlighting material deviations from those terms…
NJ and NY Liquor Licenses- Alcoholic Beverage Sales and Service
By Wendy Berger & Jonathan Goodelman on
Posted in Restaurant & Hospitality
As part of the phased opening of businesses in New Jersey limited outdoor restaurant food and beverage service is set to begin on June 15th. Operators should remember to obtain all necessary consent from their Landlord to permit the outdoor dining and such operations must still observe all state and local health and…