COVID-19 Resources

COVID-19 | Corporate and Business Law

Garmany of Red Bank, Inc. v. Harleysville Ins. Co., U.S. District Court for New Jersey, Chief Judge Wolfson. Defendants moved to dismiss plaintiff’s insurance claim based on COVID-19 losses. Plaintiff clothing store had a general liability policy with defendant insurer that included business interruption and civil authority coverage and a virus exclusion. Plaintiff made a […]

The Paycheck Protection Program (“PPP”) has begun accepting loan applications again since the policy lapsed in August. Congress has allocated $284 billion through the revamped PPP, specifically targeting the hospitality, restaurant, and hotel industry. The revised program, which was put into effect in January, also sets aside aid for low-income communities and first-time borrowers who […]

Partner, Thomas C. Martin was tapped to prepare an article for the New Jersey Community Associations Institute for its next upcoming magazine publication called Community Trends. www.cai-nj.org. Mr. Martin’s article will discuss and address pending legislation in New Jersey impacting community associations and the impact of Covid 19 on efforts to enforce the master deed […]

On April 24, 2020, Governor Murphy enacted Executive Order 128, which upended New Jersey statutory law and decades of jurisprudence by enabling residential tenants to use, at their written request, security deposits as partial or full payment of rent during the coronavirus state of emergency. In issuing the Order, Governor Murphy pointed to the large […]

Given the current economic uncertainties, entities or individuals in a business relationship may wish to provide in advance for a temporary agreement concerning that relationship while the economy stabilizes. Whether that relationship is one of seller-buyer, creditor-debtor, lender-borrower, landlord–tenant, or something else, an agreement to “stand still” for a specified period of time may be […]

Price, Meese, Shulman & D’Arminio is frequently called upon by major regional and non-institutional lenders for the diverse services we offer in connection with real estate, asset-based, construction and term loans and refinancings. We are experienced in both secured and unsecured debt financings. When necessary, we work with the attorneys in our Commercial Litigation or […]

On March 27, 2020, the Keeping American Workers Paid and Employment Act was enacted as part of the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act. The Paycheck Protection Program (the “PPP”) contained in the Act allows eligible small businesses (less than 500 employees), sole proprietors and independent contractors that have been negatively […]

Governor Murphy signs executive order preventing cable and telecommunications providers from terminating residential internet and voice services due to non-payment. The executive order, found here, because effective retroactively to March 16, 2020, and remains in effect until 30 days following the end of the public health emergency declared by Executive Order No. 103.

On April 9, 2020, Governor Murphy signed executive order 123, preventing insurance companies from cancelling insurance policies due to non payment during the pandemic for non payment. The order, however, is only a grace period, as unpaid premiums are amortized over a period of time for the non payment sums as provided for by the […]

The CARES act is the largest stimulus plan in our nation’s history. The Act includes many tax changes which are favorable to businesses. One of the ways that the Act tries to assist small businesses is to provide additional tax deductions and increased credits to allow employers to stay in business. Some of the key […]