On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act of 2020 (the “PPP Flexibility Act”). The PPP Flexibility Act loosens some of the restrictions on the forgivability of Paycheck Protection Program Loans (“PPP Loans”) that were imposed by the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) […]
On May 6, 2020, the Ohio Senate passed Senate Bill 310 (the “Bill”), which is currently being considered in committee in the Ohio House of Representatives. If passed by the House of Representatives and signed by Governor DeWine, the Bill will appropriate funds to municipalities which have been allocated to the state by the federal […]
In mid-April, the Federal Reserve announced that it would provide economic assistance to small and medium-sized businesses under the new Main Street Lending Program (the “Program”). The Program will provide access to credit to certain eligible small and medium-sized businesses that were in sound financial condition prior to the onset of the novel coronavirus pandemic […]
On April 27, 2020, Governor Mike DeWine announced the first phase of his plan to lift the restrictions on businesses imposed by the Ohio Department of Health Director’s Stay at Home Order and reopen Ohio’s economy. This first phase of the reopening will occur in three steps, with each step beginning on a different day […]
As the coronavirus safeguards continue, the courts are seeking to modify their procedures. There are two distinct court systems in Ohio: the State court system governed by the Ohio Supreme Court and the Federal court system governed by the United States Supreme Court. Ohio Statutory Deadlines are Tolled H.B. 197, which was approved by the […]
Executive Order 2020-08D: The Governor’s Request for a 90-day Forbearance on Commercial Evictions and Foreclosures On April 1, 2020, Ohio Governor Mike DeWine signed Executive Order 2020-08D in aid of small business tenants and commercial real estate borrowers impacted by the COVID-19 pandemic and the ensuing emergency orders. The Order is to remain in effect […]
On March 27, 2020, a $2.2 trillion COVID-19 stimulus package titled the CARES Act (the “Act”) became law. While the Act provides the much-ballyhooed cash payments for individuals, it also contains several provisions to help prevent business closures and lay-offs as the nation grapples with the coronavirus pandemic. Below we discuss how one of these […]
Commercial landlords and tenants find themselves in a dynamic and ever-changing landscape as a result of the COVID-19 pandemic and the subsequent protective measures being taken. Entire industries have been shuttered pursuant to emergency orders. The current situation continues to impact both landlords and tenants under commercial leases and both must be proactive in assessing […]
The required poster for the Families First Coronavirus Response Act is now available on the Department of Labor’s website. Every covered employer must post a notice of the FFCRA’s requirements in a conspicuous place on its premises. Additionally, employers may satisfy this requirement by emailing or direct mailing this notice to employees, or posting this notice […]
The Department of Labor just posted a helpful Q&A regarding the recently enacted Families First Coronavirus Response Act. Both employers and employees should find the Q&A helpful in answering some common questions regarding the application and execution of the FFCRA. https://www.dol.gov/agencies/whd/pandemic/ffcra-questions This client alert is intended to summarize significant employment and tax aspects of this […]