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COVID-19

Paycheck Protection Program Loan Forgiveness Guidelines

Paycheck Protection Program Loan Forgiveness Guidelines

Loan forgiveness is a defining feature of the Paycheck Protection Program (the “PPP”) created through the CARES Act. However, in order to maximize forgiveness, borrowers need to use the proceeds in a

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What Landlords May Do When A Tenant Fails To Pay Rent

What Landlords May Do When A Tenant Fails To Pay Rent

On June 30, 2020, Governor Cuomo signed into law the Tenant Safe Harbor Act, which creates new defenses that residential tenants may raise in court in summary nonpayment proceedings. While this new

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Covid-19 New York Litigation Policies and Procedures compendium

COVID-19 New York Litigation Policies and Procedures Last updated 6.9.2020

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New Court Directives Expected To Take Effect June 20, 2020

New Court Directives Expected To Take Effect June 20, 2020

In light of the Executive Order (202.28), prohibiting the commencement of nonpayment eviction proceedings for the period of June 20, 2020 through August 20, 2020, the Administrative Judge of New York Civil Court issued three directives taking effect on June 20, 2020.

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NY Eviction Moratorium Extended

In an effort to assist you in navigating through this extraordinary time, we would like to provide an update concerning the COVID-19 pandemic’s effect on real estate in New York.

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SBA’s Updated Paycheck Protection Program FAQs (FAQs)

Important Update: May 7 Deadline Extended to May 14The SBA has extended the date by which PPP borrowers must return funds in order to take advantage of the safe harbor to May 14, 2020. Click here to

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Paycheck Protection Program: Additional Guidance

Paycheck Protection Program: Additional Guidance

On April 23, 2020, the U.S. Small Business Administration (the “SBA”) issued new guidance regarding the economic need certification required of borrowers under the popular Paycheck Protection Program (“PPP”), which could render some companies ineligible even if they were previously approved for the PPP

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