The spread of COVID-19 continues to grow rapidly, affecting all individuals, industries, businesses and governments. Adapting and adjusting to managing the response to the pandemic has created logistical, financial and operational challenges at every level. To assist our clients, Herrick has assembled a cross-disciplinary team of lawyers to provide up-to-date advice in this time of ever-evolving legal and business needs. The group can address COVID-19 related issues, including insurance coverage, employment, force majeure contract provisions, and issues of impossibility, impracticability and frustration of performance.

In response to the COVID-19 pandemic, federal, state and local governments and the private sector launched several initiatives to address the economic hardship suffered by businesses, particularly small businesses. Herrick's COVID-19 Task Force and their team are ready to guide you through these laws and initiatives including loan programs, grants and tax credits available through the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and how an understanding of the CARES Act and the Families First Coronavirus Response Act (FFCRA) can directly affect business decisions in the work place (including the deferment of rent, furloughs and reductions of hours or pay).

Why Herrick

  • As a New York metropolitan area based firm, we are gaining direct and first-hand knowledge and experience dealing with the situation at the epicenter of the pandemic in the USA.
     
  • With strong practices in real estate, retail, hospitality and sports, we are focusing on legal issues facing industries being hit the most directly.
     
  • Our practices before New York City and State agencies have provided us with a front row seat addressing the implementation of actions which are and will be copied throughout the country.

We invite you to continue to check this COVID-19 Resource Center, which is being updated regularly by lawyers from across all practice areas to provide the full spectrum of insight into COVID-19 related issues. Feel free to contact the authors of each alert for further information.

Best Practices in the Workplace and FFCRA
Carol M. Goodman

CARES Act pertaining to Small Business Loans and Grants
Andrew C. Gold, Patrick J. O'Sullivan, Jr. and Eric A. Stabler

Construction
William R. Fried and Jared D. Newman

Corporate Business Continuity and Planning
Irwin A. Kishner

Corporate Governance and Disclosure
Morris F. DeFeo, Jr.

Crisis Management
Ronald J. Levine

Insurance including Business Interruption Insurance
Alan R. Lyons

Real Estate Dispute Resolution
Michael Berengarten and Scott E. Mollen

Real Estate Purchase, Sale and Lease Contracts
Jonathan A. Adelsberg and Belinda G. Schwartz

Tax Credits
Louis Tuchman


Publications

May 20, 2020 – Employment Law Update
Important COVID-19-Related Updates for Employers
Carol M. Goodman

NYC County Clerk’s Begin Accepting Building Loan Agreements and Mechanic’s Liens for Filing – Real Estate Update
New York City Begins Accepting Building Loan Agreements and Mechanic’s Liens for Filing
Joanna Slusarz Debski

May 19, 2020 – Corporate Update
SBA Issues Paycheck Protection Program Loan Forgiveness Application
Andrew C. Gold, Eric A. Stabler and Patrick J. O'Sullivan, Jr.

May 18, 2020 – Real Estate Update
New York City Council Passes Small Business Legislation Response to the COVID-19 Pandemic
Patrick J. O'Sullivan, Jr. and Scott E. Mollen

May 13, 2020 – Corporate Alert
Additional SBA Guidance on PPP Applicant Need Certification Issued Including Safe Harbor for Certain Borrowers
Andrew C. Gold, Eric A. Stabler and Patrick J. O'Sullivan, Jr.

May 7, 2020 – Trusts & Estates Alert
Low Interest Rates, Depressed Values and High Impact Estate Planning
Barbara Lawrence and Katy Donlan

May 5, 2020 – Tax Alert
The CARES Act Giveth, the IRS Taketh Away...
Louis Tuchman

April 30, 2020 – Employment Law Update
Rethinking Business Operations in the Wake of COVID-19
Carol M. Goodman

April 27, 2020 – Corporate Alert
Paycheck Protection Program Funding Increased and New Guidance on PPP Applicant Certification Issued
Andrew C. Gold, Eric A. Stabler and Patrick J. O'Sullivan, Jr.

April 20, 2020 – Insurance Alert
Six Class Actions Launched Against Six Insurers in Six States Over COVID-19 Business Income Claims
Alan R. Lyons

April 14, 2020 – Tax Alert
Treasury Extends Pandemic-Related Relief to 1031 Transactions, Qualified Opportunity Fund Investments
Louis Tuchman and Benjamin Oklan

April 9, 2020 – Corporate Alert
Federal Reserve and Treasury Announce New and Expanded Lending Programs to Bolster the U.S. Economy
Andrew C. Gold, Eric A. Stabler and Patrick J. O'Sullivan, Jr.

April 5, 2020 - Article
Contemplating Litigation Alternatives During a Pandemic
Ronald J. Levine

April 2, 2020 – Tax Alert
CARES Act Fixes Drafting Error Regarding Qualified Improvement Property
Louis Tuchman and Peter Franklin

April 2, 2020 – Corporate Alert
Corporate Governance Considerations and Challenges in Response to COVID-19
Morris F. DeFeo and Samuel A. Lifton

April 1, 2020 – Insurance Alert
New York Lawmakers Introduce Bill That Would Force Insurers To Pay COVID-19 Business Interruption Claims – Even if the Policy Contains a Virus Exclusion
Alan R. Lyons

March 30, 2020 – Insurance Alert
The Wave of Insurance Coverage Litigation Over COVID-19 Business Interruption Losses Is Only Just Beginning
Alan R. Lyons

March 30, 2020 - COVID-19 Alert
Additional Financial Resources Available to Businesses – New York
Shivani Poddar

March 30, 2020 - COVID-19 Alert
Additional Financial Resources Available to Businesses – New Jersey
Shivani Poddar

March 29, 2020 – Employment Law Update
U.S. Department of Labor Issues Further Guidance on the Families First Coronavirus Response Act
Carol M. Goodman

March 29, 2020 – Corporate Alert
Governmental Assistance to Businesses in Response to COVID-19 Pandemic
Andrew C. Gold, Eric A. Stabler and Patrick J. O'Sullivan, Jr.

March 27, 2020 – ERISA Alert
CARES Act Changes for Retirement Plans
Fred R. Green

March 27, 2020 – Corporate Alert
COVID-19: Corporate Insights and Considerations
Morris F. DeFeo, Jr.

March 26, 2020 – Tax Alert
Tax Relief Measures Implemented in COVID-19 Pandemic
Louis Tuchman and Peter Franklin

March 26, 2020 – Trusts & Estates Alert
COVID-19 Estate Planning Update
Barbara Lawrence and Katy Donlan

March 26, 2020 – Real Estate Update
NYS Attorney General Announces “Relief Period” Guidelines for Developers, Brokers and Buyers
Philip Tucker

March 25, 2020 – Employment Law Update
Empire State Development Corporation Updates Guidance Regarding Definition of “Essential Businesses” Exempt From In-Person Workforce Reduction Requirements
Carol M. Goodman

March 25, 2020 – Employment Law Update
U.S. Department of Labor Issues New Guidance on the Families First Coronavirus Response Act
Carol M. Goodman

March 23, 2020 – Article
Coronavirus Crisis Control
Ronald J. Levine

March 23, 2020 – Land Use and Zoning Alert
Update from Herrick’s Land Use & Zoning Team - COVID-19
Mitchell A. Korbey and Jennifer A. Dickson

March 20, 2020 – Employment Law Update
Governor Cuomo Signs the “New York State on PAUSE” Executive Order, Now Requiring Non-Essential Businesses to Reduce In-Person Workforces by 100%, Effective Sunday March 22, 2020
Carol M. Goodman

March 20, 2020 – Employment Law Update
Governor Cuomo Signs Executive Order 202.6 Requiring Employers to Reduce In-Person Workforces by 75% Due to COVID-19
Carol M. Goodman

March 19, 2020 – Employment Law Update
New York Enacts Legislation to Provide Paid Sick Leave and Job Protection for Workers Quarantined Due to COVID-19
Carol M. Goodman

March 19, 2020 – Real Estate Update
Coronavirus and Considerations for Real Estate Transactions
Herrick Real Estate Department

March 19, 2020 – Employment Law Update
Families First Coronavirus Response Act: Guidance For Employers
Carol M. Goodman

March 16, 2020 – Insurance Alert
Coronavirus -- Potential Availability of Insurance for Business Losses
Alan R. Lyons

March 5, 2020 – Employment Law Update
Coronavirus Business Essentials Checklist
Carol Goodman and Ronald J. Levine