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

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

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