The Small Business Reorganization Act creates a streamlined and expedited way for small businesses to reorganize without the time and requirements of Chapter 11. In light of the COVID-19 virus, a newly enacted section of the [...]
Changes to the Bankruptcy Code May Offer Relief for Small Businesses as the Financial Impact of COVID-19 Grows
April 12, 2020
Bankruptcy
In light of the COVID-19 virus, a newly enacted section of the Bankruptcy Code, Subchapter V of Chapter 11 (“Small Business Reorganization”) may suddenly become, depending on your perspective, a lifeline for many small [...]
Arizona Governor Ducey Issues Executive Order Allowing for Some Elective Surgeries
April 12, 2020
COVID-19
On April 22, 2020, Arizona Governor Doug Ducey issued Executive Order 2020-32, which establishes a process to allow hospitals, healthcare facilities, and providers (including dental surgery providers) to conduct elective [...]
April 24, 2020 interim final rule from the SBA extends much needed Paycheck Protection Program loan relief to eligible legal gaming operations, including small tribal casinos. On April 24, 2020, the U.S. Department of the [...]
SBA Clarifies PPP Loan Certification Requirement; Mandatory Audits of Large PPP Loans
April 12, 2020
COVID-19
This article is part of our continuing coverage of COVID-19-related legislation, rules, and orders. United States Treasury Secretary Steven Mnuchin announced April 28, 2020 that all loans of over $2 million issued to [...]
If there weren’t enough considerations for an employer to balance in the Due to the continuing spread of the coronavirus disease (COVID-19), the World Health Organization (WHO) officially declared COVID-19 a pandemic.[1] [...]
Families First Coronavirus Response Act
March 18, 2020
COVID-19
Federal paid sick leave and reduced-pay FMLA effective April 1, 2020. The federal government recently enacted the Families First Coronavirus Response Act (FFCRA), which went into effect April 1, 2020[1]. The FFCRA notably [...]
Force Majeure and COVID-19
March 16, 2020
COVID-19
A force majeure provision relieves a party from its obligation to perform under a contract when circumstances beyond the party’s control have rendered performance impossible or impracticable. The global economic impact of [...]
Business Interruption and COVID-19
March 15, 2020
COVID-19
Business owners should review their commercial insurance policies for business interruption coverage. The coronavirus (COVID-19) has resulted in numerous Arizona businesses incurring substantial monetary losses, or being [...]
Small Business CARES Act
March 12, 2020
COVID-19
The “Keeping American Workers Paid and Employed Act” is a $349 billion relief program for small businesses. PART 1- SMALL BUSINESS PROVISIONS OF THE CARES ACT On March 27, 2020, the President signed the Coronavirus Aid, [...]