Executive Order Authorizes Relief for State and Local Authorities on Annual Filing Requirements

In response to the mandatory non-essential business closures throughout New York State due to the continuing health crisis presented by COVID-19, the Governor issued Executive Order 202.11 ("EO 202.11") on March 27, 2020.  EO 202.11 provides, in part, for the Authorities Budget Office ("ABO") to disregard certain reporting and other deadlines under the New York Read More »

COVID-19: U.S. Canada and U.S. Mexico Travel Restrictions

Non-Essential Travel is Suspended On March 20, 2020, the Department of Homeland Security announced agreements with Canada and Mexico to restrict unnecessary travel across the borders shared with each country. Each agreement became effective on March 21, 2020 and remains in effect for 30 days (and may be extended). Unnecessary travel includes tourism or recreation, but the agreements do Read More »

LEGAL ALERT: Federal Emergency Paid Sick Leave Act

On Wednesday, March 18, 2020, President Trump signed the Families First Coronavirus Response Act (the "FFCRA"), effective April 1 through December 31, 2020.  The FFCRA seeks to assist employees impacted by COVID-19 and applies to employers with less than 500 employees and any covered public agencies. This summary is focused on the Emergency Paid Sick Read More »

LEGAL ALERT: COVID-19: UPDATE – IRS Extends Filing Deadline for 2019 Individual and Corporate Tax Returns

The Treasury Department and the Internal Revenue Service announced that the filing due date for federal income tax returns would be automatically extended to July 15, 2020.  The extension applies to "all taxpayers" including: individuals, corporations, trusts and estates, and other filers.  Additionally, payment of income tax due has also been extended to July 15, Read More »

LEGAL ALERT: COVID-19: Suspension of Debt Collection by NYS

On March 17, 2020, Governor Andrew M. Cuomo and Attorney General Letitia James announced that effective immediately, the State will temporarily halt the collection of medical and student debt owed to the State and referred to the Office of the Attorney General (OAG) for collection from March 16, 2020 through April 15, 2020. No application is necessary Read More »

New York State Paid Sick Leave and COVID-19

New York State is acting swiftly to respond to the COVID-19 pandemic. On March 18, 2020, Governor Cuomo signed a bill into law that provides paid sick leave to employees directly impacted by COVID-19. The law, which takes effect immediately, requires employers to provide paid sick leave to employees when they are subject to an Read More »

COVID-19: Reaching Bondholders and the Market with Disclosure

Municipal and governmental issuers and conduit borrowers (such as hospitals, colleges, universities and other nonprofits) are taking steps to address and mitigate direct and indirect risks and costs posed by COVID-19.  Issuers and conduit borrowers should add continuing disclosure obligations to their growing checklist of items to address with respect to COVID-19 and its impacts Read More »