WHAT ARE THE TERMS OF THE BUSINESS LOANS UNDER THE CARES ACT Prepared by Lisa F. Harper Download This Guide: Terms of Business Loans under the Cares Act The Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) was passed by the U.S. Senate on Wednesday night, March 25. As of this writing at 1:35 on March 27, 2020, the CARES Act was just approved by the U.S. House of Representatives and is on its way to the President. […]
Read MoreTFH LEGAL BLOG Will My Lender Give Me Any Relief as a Result of the Economic Effects of the Pandemic? By Lisa F. Harper, Esq. Whether a lender is willing to modify terms of a loan or defer payments as a result of the Coronavirus is of course up to each lender. BUT – the Federal Deposit Insurance Corporation (the FDIC) issued a press release earlier this month (March 17 press release) stating that Federal financial institution regulators and state […]
Read MoreTFH LEGAL BLOG Will a “Force Majeure” Contract Provision Help a Business With Its Creditors, Lenders and Landlords as a Result of the Pandemic? By Lisa F. Harper, Esq. Force Majeure is a French term meaning superior force. Certain contract provisions are referred to as “force majeure” because they allow a party to the contract to avoid or delay performance of its obligations when certain circumstances beyond its control arise. Exactly which circumstances that are considered to be such a […]
Read MoreDownload this guide here. By Lisa F. Harper, Esq. How does an employer protect the physical spread of the virus in its offices or facilities? Among other policies, the employer should institute policies requiring employees to: Clean hands frequently and before and after entry into the employer facility; washing hands with soap and water for at least 20 seconds; or using an alcohol-based hand sanitizer that has at least 60% alcohol; Avoid touching their eyes, nose and mouth; Stop handshaking […]
Read MoreDownload this guide here. By Lisa F. Harper, Esq. in conversation with the DOL Is an employee entitled to unemployment insurance (“UI”) benefits if the employee is laid off due to coronavirus concerns or business interruption or slow down? Yes, employees, subject to certain limited eligibility requirements are entitled to what is called partial unemployment insurance benefits in such a situation. Who files for the employee’s partial UI benefits in connection with a layoff or furlough related to coronavirus? The […]
Read MoreDownload this guide here. By Lisa F. Harper, Esq. Do I have to allow time off for employees who are ill, quarantined, taking care of ill or quarantined family members or children out of school or child care as a result of this crisis and do I have to pay for it? Yes, the U.S. Congress passed H.R. 6201 known as the Emergency Family and Medical Leave Expansion Act on March 18 which the President then signed. The Act provides, […]
Read MoreFrom the TTB: Due to the Coronavirus 2019 (COVID-19) pandemic, the Acting Administrator of the Alcohol and Tobacco Tax and Trade Bureau (TTB) has found that it is necessary or desirable to waive provisions of internal revenue law with regard to distilled spirits, and therefore is providing certain exemptions and authorizations to distilled spirits permittees who wish to produce ethanol-based hand sanitizers to address the demand for such products during this emergency. Any existing DSP therefore can immediately commence production of […]
Read MoreTFH Legal congratulates Otto Feil, Taylor Harper and Celeste McCollough in obtaining finality on a judgment rendered in our clients’ favor in a hotly contested defamation case that Otto and Taylor tried to a jury in July 2017 and won. The case was appealed thereafter by the defendant to the Georgia Court of Appeals. Otto tragically, however, suffered a debilitating stroke before the appellate brief was due and Celeste McCollough graciously and expertly stepped in to help write the briefs […]
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