This morning, Governor Cuomo announced during a press conference that his stay-at-home order, otherwise known as “New York on Pause,” will be extended through at least May 15, 2020.
A new bill introduced by New York Assembly members Robert Carroll and Patricia Fahy would effectively force insurers to provide retroactive coverage for claims filed by businesses that have closed
Continue Reading Proposed State Legislation May Offer Retroactive Coverage for Business Interruptions Due to COVID-19
Yesterday, Jaspan Schlesinger LLP appeared telephonically, on behalf of a creditor, in the Pier 1 bankruptcy proceedings before U.S. Bankruptcy Court for the Eastern District of Virginia. Pier 1 Imports,
Continue Reading Bankruptcy Courts Embrace “Business Solutions” in Response to COVID-19 Closures, Allowing Debtors to Press Pause on Lease Obligations
As the novel coronavirus continues to wreak havoc around the world, our Coronavirus Response Team persists in analyzing the more than 800 pages comprising the Coronavirus Aid, Relief and Economic
Continue Reading Title IV of the CARES Act Offers Financial Opportunities to Businesses in Aviation and National Security
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief and Economic Security (CARES) Act—the largest stimulus package in United States history. Among other things, the legislation provides
Continue Reading BREAKING NEWS: CARES Act Becomes Law, Bringing Substantial Relief to Individuals and Businesses
In light of business interruptions caused by COVID-19 and the resulting executive orders issued by Governor Cuomo and President Trump, there is no better time than now to consider and
Continue Reading COVID-19: Knowing Your Contract and Getting Ahead of the Curve
22 NYCRR § 130.1–1, well known among New York litigators, provides for the award of costs and sanctions for frivolous conduct in litigation. In far too many commercial cases, practitioners
Continue Reading Dueling Sanctions Motions: Where a Motion for Sanctions is Sanctionable in New York State Courts